Nifty - Bearish Butterfly & Double Top@10500

Dec 21, 2017

There is a bearish butterfly & double top@10500.

Trading Strategies

Strategy 1 - If Nifty Holds in 10400 -10425 then expect a bounce to 10460-10485 & we book profits & wait outside

Strategy 2 - If Nifty gets resistance between 10475-10500 after strategy 1 is done then look to sell on tops with minimum stops above 10500 - Target -10425 - 10390 - Below 10370 - 10135- 10000

Strategy 3 - Moving above bearish butterfly & double top ( crossing above 10500 ) - "D" level (Holding above D-level & crossing 10500) - Extreme Bullish Scenario - Take care once it crosses above 10500 -it should not dip below 10490 else be cautious.

Strategy 4 - Going below 10370 - Sell for target 10135 - 10000 or closer levels

Dec 22, 2017

Trade active

11:33 Hrs 22nd Dec2017

Last Price@10468

Strategy 1 donnnnnnnnnnnnnnnne at 10485 - made day high@10492 - Oh "92" repeats in Nifty & where else ?

Dec 22, 2017

Trade active

13:21 Hrs 22nd Dec2017

Last Price@10488

Closing the update. Thanks & Take Care.