Nifty - Bearish Gartley at 9960-9965 - Look for 9855-9865 Target

09:45 Hrs IST - Last Price@9961

There is a resistance zone between 9955-9965 & possible failure can be expected for bulls on short term basis. Holding the zone 9960-9965 on the upside - we can look for 9855-9865 zone as our classic target zone achieved in last update from 9985 to 9860.

Bank Nifty - Bn as well is holding at the levels of 24400 which was yesterday's high.

Previous Update - An awesome fall from 9985 to 9860- Cracks 100 points & bounced - back in the pavilion.

Trade active:

10:55 Hrs 8th Sep2017

Last Price@9942

Cracks in 1st Installment to 9930 - One should book partial & join below 9930 or take short on bounce.

Trade active:

11:15 Hrs 8th Sep2017

Last Price@9948

Got a small bounce from 9930-9935 to 9948 levels. Which could have been used as sell on bounce strategy mentioned few mins back.

Trade active:

11:31 Hrs 8th Sep2017

Last Price@9944

Repeating - we take sell below 9929-9930 session low for the day or look for a bounce to same highs or close by highs of 9955-9965 Zone -if holds on upside then we sell again.

Trade closed manually:

20:53 Hrs 8th Sep2017

Last Price@ 9925

Cracked from the top@9960 but It was choppy move. Closing the update. Thanks