Nifty - History Has The Answer- Careful Above 11050!

NSE:NIFTY   Nifty 50 Index

*** History Has the Answer - In my past ideas I have discussed the importance of 11035-11100 zone -specifically the idea- "Demand & Destiny Zone"

As suggested in last video idea - we shall buy above 11000 - trade got executed & time has come that you should be careful for following reasons next -

RBI policy decision on 7th Feb 2019

Market Breadth is not good at all. New comers you can google "market breadth" & get answered.

Trading Strategy

Safe Traders
They can sell if nifty moves below 10985 post falling below 11000 level- take care no sell trade to be taken if nifty holds above 11000 mark/level. Holding below 11000 - Downside Targets- 10800-10800 / Below 10800 -10550-10585

Risky Traders
Careful at current levels 11050-11060 - Consider all risk at your end & check the factors before trading or executing. Kindly do not blame the author -if you cannot manage the risk- In that case, you should learn more about risk management before even you start trading.


Do take good care of yourself.

Thanks for watching the video / precious time.

Feb 06
Trade active: 19:22 Hrs 6th Feb 2019

Last Price@11062

Let me make it clear once again about Trading Strategy mentioned above in main update.

It is better you take sell only ----- " if it falls below 11000 & later goes below 10985" keeping in mind - no sell to hold if it moves above 11000 level.

Risky Traders - I have asked them to be cautious -not to sell. They can take their individual trading decision- buy/sell depending on their risk management.

Feb 07
Trade active: 11:52 Hrs / 7th Feb 2019

Last Price@11095

Day High@11117- 11118

As I said - RBI cuts repo rate by 25 basis point as suggested earlier structure has already taken that into consideration going above 11000 level yesterday.

Risky Traders
They can plan to sell if Nifty holds & stays below 11100 level & next we see how much fall we get

We are expecting atleast 10800-10830 zone as target downside. Next move will decide what market has stored - Is it planning big moves upside. we will check step by step.

So, at every fall we will decide to -buy later but in present scenario - we need some correction.
Feb 07
Trade active: 12:52 Hrs 7th Feb 2019

Last Price@11055

Risky Traders Should book 50 points & trade in tranches - book profits if holds above 11050 & join back to sell on the tops again if get later.
Feb 07
Trade active: 13:04 Hrs 7th Feb 2019

Last Price@11071

Have suggested to book profits to risky trader & we are waiting for bounce upside - we can even get bounce close to 11117 -day high or it can even surpass that high

Next Plan
Sell only below 11040 or Sell close to day high 11117 or slightly above that on new high.
Feb 07
Trade active: 13:52 Hrs 7th Feb 2018

Last Price@ 11102

Current High at 11,108 ( Strict Stops -11021 ) -- As per cash data

Just came close to day high at 11117-11118 - Guys get ready to sell again for same targets downside - 11050 & below 11040 for 11000. Thanks
Feb 07
Trade active: 15:18 Hrs 7th Feb 2019

Last Price@11055

Book Your Profits 50 -60 points back again from the day high - we had 3 turns back to back -today. Enjoy the day.

Almost 150 points in Nifty Index alone.
Feb 07
Trade active: 15:25 Hrs 7th Feb 2019

Last Price@11052

Tomorrow -if 11040 holds - we can expect upside push to 11080-11090 or we may sell below 11040 for 11000 level.

Feb 07
Trade closed manually: 08:57 Hrs 8th Feb 2019

Last Price@11069 (Post Closing Price)

Trading Plan

Plan A
As suggested last & yesterday morning - we take next sell only below 11040 or holding 11040 - we will look to "buy" again for target -11080-11090 - crossing 11,115 - we will look for upside target extension - 11,145 & Sell Later.

Plan B
Selling below 11,040 for 10,985-11,000

Plan C
Below 11,000 / 10985 - Downside Target gets extended to 10800-10825 zone.

Global Markets had good correction but SGX Nifty is hardly any red & plan to trade as suggested.

Thanks & Have wonderful day.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
again amazing call to sell @11102 ....Hats off!!
@butterfly87, Cheers !
Nifty has gapped up. FUG.. Though it is at major resistance of 61.8% retracement level.. looks like it is heading for 11400 after minor correction.. the more it goes up.. it is establishing support levels at 10980-10930... do not see Nifty reversing in a hurry
@Parasuram, That could be a possibility. As you know, I always mention some levels for trading -Those are milestones- "Going below 11000 & later 10985 & holding below 11000 -we look downside" else one can trade for upside managing one's risk.
Parasuram AbhishekHSinghCMT
Present/future is the reflection of the past.
@vanathi, True!
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