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WaveTalks
Jan 26, 2020 12:10 PM

Nifty - Did You Catch The Bottom at 12088 ? Education

Nifty 50 IndexNSE

Description

Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead.

Trading Strategy

Plan A –
Getting an opportunity close to 12200-12225 – Buy with strict stops below 12200 once it halts & stops in this range for Target – 12315-12340

Plan B –
If stops or halts in 12335 – 12350 zone & starts falling below 12335 – Put stops above 12350 for Targets 12200-12225 / Below 12180 strictly for 12110-12125

Plan C-
Getting an opportunity in 12080 -12100 zone (if 12080 is not broken downside) then look for upside Targets – 12225 / 12350 / 12400

Plan D –
Selling from Channel Tops close to 12375 – 12400 ( Be careful in this strategy) –it is only for extreme risk takers- Downside Target is 12100 - 12120 / 11930 - 11950 / 11800-11830 / Below 11800 – 11500 & 11100

USDINR Idea to Buy above 70.35-70.50 - What a bounce from 70.70 for 71.40's (click the idea)


Nifty Last Video Idea - "Stellium Effect - How I cracked the tops at 12295" (click the idea)

Trade active

22:36 Hrs / 26th Jan 2020

Snapshot on 23rd Jan 2020 - expecting 12088 as possible bottom & India Nifty to push upside
All Trading opportunities were discussed on 22nd & 23rd Jan 2020

Trade active

09:36 Hrs / 27th Jan 2020

Last Price @12177

Plan C - mentioned in the main idea above suggested 12080-12100 as buying zone - There is slight modification
12150-12160 is also buying zone - If this zone holds then look for upside bounce to 12225 / 12280 / 12350 +

Trade active

14:57 Hrs / 27th Jan 2020

Last Price @12139

Opened Gap Down Today Morning & Most Likely completed Bullish Gartley Pattern in 12120-12140 zone with critical low @12100 to be holded for upside target 12225 / 12280-12300 zone next upside. Thanks & have wonderful day ahead.

Trade active

15:20 Hrs / 27th Jan 2020

Last Price @12114

Traders can plan their bullish trades tomorrow once it crosses back 12120 holding 12100 downside

Trade active

15:16 Hrs / 28th Jan 2020

Last Price @ 12065

Next Selling Only below 11990 - 12000 or Expect Upside Bounce to 12090 / 12145 / 12270 & more

Trade active

07:56 Hrs / 29th Jan 2020

In expectation of what our markets would unfold next- it was suggested that next selling only below 11990-12000 zone.

SGX Nifty is +30 points.

Let us enjoy the day. Thanks

Trade active

09:52 Hrs / 29th Jan 2020

Last Price @12145

It is 100 + since yesterday suggested while closing -------- "Next Selling only below 11990 - 12000 " zone

Hope you all in the Bulls Camp- Have a wonderful day !!!

Trade active

10:27 Hrs / 29th Jan 2020

Last Price @12133

Index could attempt 12180-12190 zone where profit bookings can halt the upside move.

Trade active

12:07 Hrs / 29th Jan 2020

Last Price @12154

Index is halting at 12160 - can be a pause for sometime if fails to move above 12160 - so continue your buy trades if moves above 12160 else expect some profit bookings below 12160 - which can make Index slip strictly below 12160. Thanks

Trade active

12:48 Hrs / 29th Jan 2020

Last Price @ 12146

Index is in the middle of the trend & Just Thinking where it can get more prey or victim & accordingly it will make its next move

Traders should be careful as moving above 12160 - This morning bull camp will make more sound as they extend further upside to 12190-12200 & Above 12200 - 12240 - 12250 zone.

Failing to move above 12160 - Traders expect downside move to 12110 / 12065 -12075 zone.

Thanks

Trade active

12:58 Hrs / 29th Jan 2020

Last Price @12145

Keep Trailing your profit stops below 12160 -------------Remember : moving above 12160 -----Index will move or continue to 12190 / 12240 levels upside.

Trade active

13:46 Hrs / 29th Jan 2020

Last price @12123

Partial Profits have to be booked

Trade active

13:59 Hrs / 29th Jan 2020

Last price @12152

Again getting stuck close to 12160 so book your partial profits & take rest

Trade active

Last price @ 12160

Zone 12160-12170 to be watched carefully !!!

Bulls aren't leaving so early - Bears might be thinking what next - Holding 12090-12100 zone - Index could travel to 12200 / 12250 + today or tomorrow on expiry day !!!

Short Term Resistance at 12160-12170
Guys be careful- Index could fall if fails to cross 12170 - It will happen suddenly so 12150-12170 is key zone to watch next or it attempts 12100-12120 downside again scaring everyone.

Trade active

14:56 Hrs / 29th Jan 2020

Last Price @12125

Wow !!!!!!!!!!!!!!!!!!!!!! Nifty Falls back again to 12120 -Recent low @ 12118

Now This is called ------- Markets Taking Bulls & Bears for a Ride & We say - "what a ride"

Hope you enjoyed the ride !!!

Expected upside yesterday at 12066 levels



Index falling close to 12100's - Low @ 12104



Pushing back where we started to fall & surpass just 10 points in 12160-12170



Expected to fall from 12160 -12170 as suggested in the update above for 12100-12120 -came to low - 12118






Now if 12090-12100 holds on downside we may see upside again - Thanks
Comments
rashmi0410
@AbhishekHSinghCMT
YogeshWalzade
BEST analysis andlearning experience with u
SRs_FF
Do we go short at 12180 level when Nifty touch.... being previous major support level?
WaveTalks
@SRs_FF, It can be short term down move facing resistance 12180-12190 & next 12270-12290 or booking profits but overall we are at door step of Budget 2020 so won't take any chances -looks like once it crosses 12272 -It will rush upside. so every fall I will try to buy looking at market moves! - Better short trades only below 11990-12000 for big chunk downside
SRs_FF
@SRs_FF, Sir, Thanks for your guidance..
WaveTalks
@SRs_FF, Welcome
grpvenkat
@AbhishekHSinghCMT, Sir , it is very useful . Thanks for your service .
Manav2805
Brilliant again
WaveTalks
@Manav2805, Does it really makes sense of me updating market moves to all ?
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