Nifty - E wave Shock at 11085 - 10750

Disclaimer
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Market Commentary
Range Bound Trading which was executed in current session - Buying close at 10800 & selling close at 10890's post opening gap up holding 10790-10800 as expected last in the previous idea.

Trading Strategy


Plan A
Sell Strategy - Holding Below 10890-10900 - Expecting downside for 10740-10750

Plan B
Below 10740 - Expect downside to 10700 / Below 10700 for 10630-10650

Plan C
Below 10630 - Expect 10580 / 10580 for 10500-10525 zone - least possible in current situation.

Plan D
Buy in 10630-10650 with strict stops below 10615 for 10900 / Above 10900 - target will be 10950/11000

Thanks for all support.

Trade active:

09:23 Hrs / 19th Sep 2019

Last Price@10786

Reversal is expected soon upside so kindly do not get carried away- when reversal happens for upside it will travel back to 10890-10900 initially from day low as of today.

Trade active:

09:43 Hrs / 19th Sep 2019

Last Price@10787

Day Low@10766

Looks Like it has done the bottom -going above 10800 -holds 10800 later then it can travel to 10890-10900 next upside.

Trade active:

09:45 Hrs / 19th Sep 2019

Last price@10788

Upside Early Confirmation comes once it starts moving above "10800" so we hold our nerves.

Trade active:

10:43 Hrs / 19th Sep 2019

Last Price@10744

Day Low@10739

Reached Important Support Zone 10740-10750 - Not expecting much downside but do remember to execute plan - B if goes below 10740 & holds downside- as we have lot of respect for markets !!!

Plan E
Holding 10740-10750 Zone - Possible Upside Turn can be expected -in that case our upside target will be 10840 / 10890 & more on upside above 10900. Thanks & Enjoy Your Day.

Trade active:

11:11 Hrs / 19th Sep 2019

Last Price@10742

Avoid Taking Any Sell -if Index fails to hold below 10740 as stated above 30 mins back.
It is high risky move - (trading below 10740) which one can trade but have to be careful as soon as it starts moving above 10740-10750 zone on upside that will be early clue for upside.

Trade active:

13:16 Hrs / 19th Sep 2019

Last Price@10710

Day low@10702

Plan B got executed.

Unable to hold 10740-10750 zone - Index slipped further down to 10690-10700 zone which is another support zone. So, further selling if happens -one should take below 10690 -strictly for 10630-10650 downside.

Trade active:

14:28 Hrs / 19th Sep 2019

Last Price@10706

Day Low@10688

Forming a base & mood change from bearish to bullish takes a while so have patience & move with the market. 10690-10700 is strong support zone. Further selling can be taken only below 10690 on sustained basis for 10630-10650 zone downside else it will try to form a base for upside rally next to 10840/10890. Thanks

Trade active:

15:01 Hrs / 19th Sep 2019

Last Price@10695

Day Low@10670

Sharp Bounce from 10670's - is showing intention that sooner or later bottom is going to be in place.

Moving above 10705
Should be next early clue for upside.

Downside -critical support was 10635.

Trade active:

08:39 Hrs / 20th Sep 2019

Last Price@10704

Good Morning All.

Session could be volatile due FM's press conference which is slated at 1000 Hrs IST

Technically, Index moving below 10700-10705 & holds below will be worry point else we look upside for 10840/10890 next.

Short term targets 10750-10775 - If stops it could fall but holding 10700-10705 later it can push upside again
Long term targets -10840/10890 as stated above.

Trade active:

11:40 Hrs / 20th Sep 2019

Last Price@11142

Recent top@11187

Top at 11180-11200 as suggested earlier can halt the explosive move for a while but be careful in trading. Going above 11200 -it will extended upside

Previously we expected 10840/10890 & suggested even ----------" More if moves above 10900" Thanks

Trade active:

12:20 Hrs / 20th Sep 2019

Last Price@11266

Day High@11272

E for Explosion

Plan D ---------------- Modified & Suggested Yesterday that 10670 could be possible bottom
&
Sharp Bounce from 10670's - is showing intention that sooner or later bottom is going to be in place.

Expected at 10670 Bottoms

Plan D as mentioned in main idea - Buy in 10630-10650 with strict stops below 10615 for 10900 / Above 10900 - target will be 10950/11000

Target achieved all & in surplus - 11200+ & as per recent update - "going above 11200 -it will extended upside - current high@11272

Trade closed: target reached:

12:34 Hrs / 20th Sep 2019

Last Price@11206

Happy Weekend. Thanks for all support.