InsiderB

Nifty : Calm, after the storm ?!

NSE:NIFTY   Nifty 50 Index
It can be another movement day in all probabilities but calm after the storm quote will work ? Today's Nifty analysis as simple as reading ABCD . By the time I post pre-markets will be over, though I expect a Gap-Up open, I don't want that to screw up the 8550's level.

Nifty may be in bouncy mood bcos of volatility , thanks to all the news event noises. Just 2 scenario's
(i) Enter Long on Bullish Confirmation, if trendline is breached to Upside - Gap will be filled till 8600's
(ii) Enter Short in Nifty if the trendline holds valid - 8400's expected in this case

Both scenario's valid only if Nifty stays good, I mean if there is no false breakout. If false breakout happens, Nifty will give us someother trade setup, lets wait n catch that. Patience pays, those who follow Me knows that very well, I rarely change the direction or trade-setup I post. So Discipline is primary importance, don't change your views on Nifty for every single candle - it means you are speculating or gambling Not Trading !

Witnessed few "hand of God"(maradona) behaviour recently - So Funny, Grow Up Please. I don't want to dive deep into explaining that.

Some are asking long term view on Nifty . Friends, its complex now with Modi doing surgical strikes to clean up economy & Trump win ( his foreign policies) - I'm not fan of news events but I expect 7000's (over months) if Trump acts weird & India's inflation goes up.
By the way as assured, B Plan intraday stock trade-setups will be shared & I'm open to discuss any stock for Intra or Swing rightdown in comments , Not in PM's :)
Comment: Most of you have forgotten this post on LT, but check out what just happened :
Comment: As of now there is no trade setup for stocks, will post when it arises
Comment: Hope some of you booked 40 points profit, now aim for 8610's with trail stops
Thanks Sirji. Will wait for your further update on Nifty.
+1 Reply
InsiderB ashpats
@ashpats, Thanks man, You can look out for 8620's bearish reversal for shorting Or 8560's pullback for longs but define your risk buddy !
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Good Morning and enjoy the day . Pots of luck !!!
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InsiderB ShanTrader
@ShanTrader, Same to you Shan, have a profitable day. Your name is uber cool " Shan " sounds good too
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@InsiderB, thank you Sirji, Maa ka aashirwad hai !!!
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InsiderB ShanTrader
@ShanTrader, Seems you are blessed for eternity, great !
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@InsiderB, much appreciated Sirji !!!!!
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Thanks InsiderB!
As you said, Its testing the 8550 level as of now..
+1 Reply
InsiderB NikhilGhodke
@NikhilGhodke, Yeah, its key-level to watch out. For both intraday traders & Positional ones, though there are lot of resistance available for positional traders, this one is vital as of now...
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RIGHT
+1 Reply
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