AbhishekHSinghCMT
Long

Nifty- Short Term Bounce till 8180-8200 zone Against 8090-8094

NSE:NIFTY   Nifty 50 Index
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10
A short term bounce can be expected if it holds in the zone 8105-8115 without taking out 8090-8094 zone which is important. 8094 was yesterday's low.

Also, be careful of the risk downside, below 8094- can keep a buffer of 4-5 points like 8089. If the zone of 8090-8094 is intact, then short term bounce could be expected 8180-8200.

Trading Strategy
Look for support in the zone 8105-8115 as buying opportunity after it moves above day's 8124 with stops at 8089 for targets in the range 8180-8200 zone.

Downside 8050-8055 is also a support zone .
Trade active: 14:45 Hrs 20th Dec2016

Day's High@8123.75 - did not go above 8124 so call was not active
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

where are you sir.. no update for last 2 days really missing your update
Reply
@krppijain, Hi, I was very busy -Shall try coming soon. Regards
Reply
Thanks Abhishek.
Reply
@nirav5, Welcome Nirav
Reply
Nifty broke below 8090. Is it shorting time
Reply
@ashpats, Yes but 8050-8060 is strong support as said above - in between one could have got 20-25 odd points.
Reply
ashpats AbhishekHSinghCMT
@AbhishekHSinghCMT,

Great.Thanks
Reply
Thank You , good risk reward ratio.
Reply
@AMBRISH, Call was not active as it did not go above 8124
Reply
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