Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
Selling below 11980 for 11750 / 11650 & lower targets. No selling if Index holds or moves above 12000 level.
Selling in 12150-12175 zone for 12080 - 12100 & 11980 -12000 target zone.
10th Feb 2020 - What a crack - 150 points from the top !!!
Last price @ 12150
Be careful close in 12160-12175 zone - Likely I will avoid any position next as there is a supply zone (resistance) which can halt upside move of the index
Halting Index in 12160-12175 can take it back to 12080-12100 & lower targets next.
Last Price @ 12221
Day High @ 12231
Time to execute Plan B with strict stops above 12275 for targets mentioned above in the idea.
Last price @12210
Intraday trading wise - Small profits can be booked close to 12200 & sell later either below 12185 or close to the tops of 12231.
Last Price @12209
Came close to 12200 at -------12202 - small profits booked in sell.
Next selling shall be close to 12231 -day high or below 12185 as suggested 10 mins back.
Last price @12209
What a sharp bounce from 12200 to 12219 !!!
Last price @ 12201
Market recap @ 12th Feb 2020
Yesterday - Nifty played exactly as suggested in last hour of trading.
Suggested to book profits close to 12200 - went close to 12200
Sell either below 12185 or Sell at bounce close to 12231 - Bounced sharp 20 points to 12219 & slipped back to 12200.
What Next @ 13th Feb 2020
• Intraday wise zone 12170 - 12200 is important - All sell positions to be taken only below 12170
• Holding close to 12170 - Index can again bounce close to 12231 & possibly surpass & make new high in 12250 - 12275
• Upside selling close in 12240-12265 with strict stops above 12275 is suggested - Do not hurry in taking trades -always have patience. No Selling Trades above 12275
• Long Term Traders - Once 12175 gets broken & Index slips to 12150-12160
where small halt could come & going below 12150-12160 later will be the early clue that upside move which started from 11980’s in 2nd show (1st show upside was 11612 to 12160 – puked on RBI policy day) is getting close to finish- Keep in 12150 & 12100 are the levels which has to be broken for lower targets downside
• Most Important Level - 11980-12000
• Break of 11980-12000 zones is the most critical requirement if Index has to
travel 11850's & 11750's levels next.
• Plan your trade accordingly. Best of Luck
Last Price @ 12181
Came very close to 12170 as suggested in the morning update above. Low so far @12177
Holding 12170 - Bounce is expected to 12231 or even upside all mentioned. Thanks
Last Price @ 12157
In the zone 12150 - 12160 - Going below ...
Let the Picture Talk
12th Feb 2020
13th Feb 2020
Last price @ 12161
Zone ---------- 12150 - 12160 is holding the Index - moving as per the plan suggested. Once Index slips below 12150 - more sellers will join for downside else it might bounce towards 12200.
So, next key zone is 12150-12160.
Last price @ 12207
Hope You sold as per plans suggested on 13th Feb 2020 between 12240-12265 with strict stops above 12275
It traveled from bottom zone 12150-12160 which got extended downside by 10 points - zone which was important.
Last Price @ 12159
150 points fall from 12245 highs - Plan B Executed twice in last 2 days !!!
Last Price @12152
Index has to hold 12140-12160 zone - if upside is expected else it drops to 12100 / 12050 as suggested in the plan B next.
Last price @ 12095
What Next @ 17th Feb 2020
Time for Plan - C : with little modification -
Zone 12080-12100 - Index moving below should be sell or Index moving above 12080-12100 zone should be taken short term buy for 12130 / 12160
Later strictly with stops above 12210 - traders can plan their sell but sell close to 12200 levels somewhere in 12175 - 12190 where you can afford the stoploss.
Thanks & Enjoy.
Last Price @ 12045
Index fall extended & came to 12035 which very close to key support zone 11980-12000
What Next @ 18th Feb 2020
Trading above 12070 - bounce can expected to 12105 & Above 12115-12120 - Expect more on upside to 12150-12160
Going below 11980-12000 ---------------zone only -----------plan your next sells.
Last price @ 12045
Good Morning All
Plan C - Selling got activated going below 12080-12100 zone as suggested yesterday & at the time when idea was getting published on 11th Feb 2020. Kindly manage your risk while trading.
Thanks & Enjoy the day.
Last price @ 11965
Plan D --------------------Selling Started as per main update - with slight modification -
Next minor support 11925-11940 - If Index stops in this zone book partial profits & wait for bounce upside to sell later
Going below 11920 - Fall extends for 11750 / 11650 / 11600 target downside.
Last Price @ 11965
Only Risky Traders if you can afford to lose 15 points then put stops below 11950 & take long positions upside - Only Risky Traders - as we are trading against the trend
Upside bounce target is 11980 / 12000 & above 12000 extends more for short term duration
Going below 11950 - Downside minor support close to 11920
Last price @ 11948
Next all sell positions only below 11920 else book profits in sell - Current price - 11948
Last Price @ 11921
Avoid taking any fresh sell positions if Index is unable to hold below 11920 levels that means if Index falls below 11920 & jumps above 11920 then profit bookings can happen in the sell positions which started for the opening session.
Last Price @ 11937
Took almost 60-90 minutes to form base between 11910 - 11920 zone as suggested last. We expect upside push to 11980-12000 & above 12000 if holds then look for more bounce close to 12100-12120 zone
Later, going below 11900-11910 zone - Index will continue its downfall.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
I sold nifty @11965 now its 11935 where should i cover my position ??..
ignore my last post