AbhishekHSinghCMT
Education

Nifty-Are You Phubber/Smombie? 250 Down

NSE:NIFTY   Nifty 50 Index
Trading Strategy

Plan A

Buy only if Index moves above 10925 with strict stoploss below 10900
Targets-10950 / Above 10950 -11040/11050

Plan B

Sell below 10865 & 10850 with stoploss-10900
Targets- 10800/Below 10800-10765

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Audio played was of a cop who caught this smombie for ignoring road signs & putting his life as well other's life at risk. Cop was played by Actor - Akshay Kumar -Bollywood Star (You check youtube for the video).
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Feb 11
Trade active: 10:01 Hrs 12th Feb 2019

Last Price@10872

Selling should take place only if index falls below the zone mentioned 10850-10865 - If This zone holds

Risky Traders can Buy also keeping stops below 10850 for upside target - 10925 & join more on upside as mentioned in Plan A for more upside targets- 10950 / above 10950 for 11040-11050 zone.
Feb 12
Trade active: 13:09 Hrs 12th Feb 2019

Last Price@10874

There was one more attempt of touching 10862 lows - Risky Traders -I have suggested earlier that look to "Buy with strict stops below 10850" you will lose only 10-20 points & if 10850-10865 zone is intact -you may get 10925 & 10950 & even 11040-11050 -that gives trader 200 points in all.
Feb 12
Trade active: 14:43 Hrs 12th Feb 2019

Last Price@10855

Hope you had your stop loss intact - be out
Feb 12
Trade active: 14:50 Hrs 12th Feb 2018

Last Price@10830's

That is the reason why both side views were provided in Trading Strategy above

Selling Below 10850's -if you read in the update carefully.

"Only Risky Traders were asked to buy with 10-20 points stop below 10850- which was lost"
Feb 12
Trade active: 15:00 Hrs 12th Feb 2019

Last Price@10827

Now it is very obvious that It should not move above 10865 - which should be
protective stop for selling trade.
Feb 12
Trade active: 18:50 Hrs 12th Feb 2019

Last Price @10831 - Adjusted price

If 10825-is the support & it holds tomorrow morning session then upside 1st target shall be 10895 -10920 -10950

It's a buy call - keep in mind ------ Sell only below 10925-10920 zone next
Feb 12
Comment: 18:52 Hrs 12th Feb 2019

Last Price@10831 - Adjusted Price

Sorry for wrong figures / numbers - Tomorrow sell only below 10820-10825 zone or Buy above 10830 for 10895-10920-10950 upside targets
Feb 12
Trade closed manually: 08:17 Hrs 13th Feb 2019

Last Price@10831

Good Morning!

As suggested yesterday just before market closes (status update) - Expect gap up opening or sharp bounce upside from 10820-10825

Selling to be taken only below 10820-10825 zone - next we will be buying for upside target 10895 - 10920 -10950.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
took support @10825 now at 10840...can initiate buy for our next target 10895?
Reply
great call about 11050..
Reply
@mklives, Have you gone through the strategy part as mentioned above - Plan A & Plan B ?
Reply
mklives AbhishekHSinghCMT
@AbhishekHSinghCMT, just reached office.. i was short nifty at 11100.
Reply
@mklives, You did not cover up your short position which was done as per last idea - "Careful below 11050"
Reply
mklives AbhishekHSinghCMT
@AbhishekHSinghCMT, i ecpected a correction to 10800. so will cover it now..
Reply
I think Zombies are less harmful compared to Smombies :)
Reply
@vanathi, True, You can save yourself from "Zombies" by hiding in one place but unfortunately, These Smombies -they themselves don't realize till the time they hit someone - later victim has to shout at them - "Arre dekh ke nahi chalne ka kya" (Can't you see & walk /drive).
Reply
vanathi AbhishekHSinghCMT
@AbhishekHSinghCMT, This happens when people give preference to the ones who are connected through phone rather than who are in front of us. In trading also we sometimes miss what the charts tell us.
Reply
@vanathi, True. That is the reason why I always love to put real life scenarios so that we can take our lessons & become more mature. Thanks
Reply
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