AbhishekHSinghCMT
Long

Nifty- 8765-8770 Shall be key to open the lock for upside

NSE:NIFTY   NIFTY 50
362 7 2
I always suggest to every trader - look left & trade right. Zone 8767-8770 was previous hurdles -which could become the key for the lock allowing Nifty             to move up & kiss the channel resistance zone 8820-8830 as per earlier report mentioned below.

Regards,
Abhishek H. Singh, CMT


Nifty - With GapUp Support@8745-Look for 8820-8830
Trade active: 12:50 Hrs 4th Oct2016

Trading@8752
Bounced from the zone 8740-8745. Likely we should wait till RBI policy is out at 2:30 pm otherwise -you will be chopped
Trade active: 14:22 Hrs 4th Oct2016 -
As usual -Before RBI Policy -Market Becomes volatile so likely I said -we should & watch. One thing to be noticed Nifty yet again turned from 8766 levels -repeated 3 times now. Going above 8770 -Likely this time -we should sail through upside, but be careful to put strict stop loss in a day's low- after all trading in the markets is risky.

snapshot
Trade active: 14:36 Hrs 4th Oct2016

Trading@8765

Policy is out

Do not panic & over trade -put stop at day's low 8735-8740 Trade for 8800-8820 - or if you can hold with 8700 stops. Likely I will come back
Trade active: 14:57 Hrs 4th Oct2016

Trading@8764

Have Patience All- Do not panic as said earlier - if it falls to 8740-8750 still looks good - some one who wants to take long position -can take post falling to 8740-8750 zone & later bouncing back above 8770 for targets 8800-8820
Trade active: 15:14 Hrs 4th Oct2016

Trading@8772

Bang On Target -We Picked Nifty Again at the Bottom@8750.85

Only Bad News -Market is about to close.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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i think 5 wave upmove completed once nifty make days low again that will be the conformation of retarcement
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I need to check or it could be A-B-C from lows@8555.- 5th wave of C-yet to go -which will likely kiss 8800-8820
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I believe it's a wait & watch time until we get confirmation on rate cut by RBI.
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Yes, That will be the correct strategy. Post RBI Policy -is good to take any trades
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AbhishekHSinghCMT TOP AbhishekHSinghCMT
One colleague nirav confirmed that RBI policy is at 2:30 pm- have they changed the time from 11 am to 2:30 pm
Reply
NageshNk AbhishekHSinghCMT
Yes Sir, today's policy is at 2:30pm
+1 Reply
Thanks Nagesh
Reply
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