AbhishekHSinghCMT

Nifty - Where Does It Goes Next ?

NSE:NIFTY   Nifty 50 Index
Trading Strategy

Plan A
Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250

Plan B
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980

Plan C
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come

Plan D
Selling below 11980 for 11750 / 11650 & lower targets. No selling if Index holds or moves above 12000 level.

Trade active: 6th Feb 2020 - RBI Policy Day

Selling in 12150-12175 zone for 12080 - 12100 & 11980 -12000 target zone.



10th Feb 2020 - What a crack - 150 points from the top !!!

Trade active: 10:18 Hrs / 11th Feb 2020

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.
Thanks
Trade active: 10:42 Hrs / 12th Feb 2020

Last Price @ 12221

Day High @ 12231

Time to execute Plan B with strict stops above 12275 for targets mentioned above in the idea.
Trade active: 14:27 Hrs / 12th Feb 2020

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.
Trade active: 14:37 Hrs / 12th Feb 2020

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.
Trade active: 15:01 Hrs / 12th Feb 2020

Last price @12209

What a sharp bounce from 12200 to 12219 !!!
Trade active: 08:45 Hrs / 13th Feb 2020

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
Trade active: 09:23 Hrs / 13th Feb 2020

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
Trade active: 10:39 Hrs / 13th Feb 2020

Last Price @ 12157

In the zone 12150 - 12160 - Going below ...

Let the Picture Talk

12th Feb 2020

13th Feb 2020
Trade active: 11:27 Hrs / 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.
Trade active: 10:35 Hrs / 14th Feb 2020

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.
Trade active: 11:37 Hrs / 14th Feb 2020

Last Price @ 12159

150 points fall from 12245 highs - Plan B Executed twice in last 2 days !!!

Trade active: 12:35 Hrs / 14th Feb 2020

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.
Trade active: 10:38 Hrs / 17th Feb 2020

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.
Trade active: 21:43 Hrs / 17th Feb 2020

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.
Trade active: 08:37 Hrs / 2020

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.
Trade active: 09:30 Hrs / 18th Feb 2020

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

OR

Going below 11920 - Fall extends for 11750 / 11650 / 11600 target downside.
Trade active: 10:03 Hrs / 18th Feb 2020

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
Trade active: 11:02 Hrs / 18th Feb 2020

Last price @ 11948

Next all sell positions only below 11920 else book profits in sell - Current price - 11948
Trade active: 12:30 Hrs / 18th Feb 2020

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.
Trade active: 14:18 Hrs / 18th Feb 2020

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.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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