Nifty - E wave Shock at 11085 - 10750

NSE:NIFTY   Nifty 50 Index
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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.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Great sir, Looking for the nesxt week analysis study........happy weekend ...enjoy
Looking forward to your next analysis sir ....Last one was great ...Thank you
Look forward to your new strategy on Sunday night . Thank you .
Sir thank you for your support and guidance, your efforts is helping a lot of your followers here including me... Thanks onceagain sir
sir covered yesterdays position at 10950. I can only express in 6 letters words (gratitude) since you are in distant place is " Thanks " and this word means a lot. THANKS THANKS THANKS THANKS
Whats happening in Nifty ?
Blast..mind blowing analysis sir
thanks for ur updates
@sharad0202, Welcome.
Thanks for your update .
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