Nifty- Bullish Butterfly can it fly above 8470

Nov 4, 2016

Nifty time for reversal. Any move above 8470 - This butterfly will love to fly

Nov 4, 2016

Trade active

12:54 Hrs 4th Nov2016

Last Price@8452

Nifty turned from 8469.80 as expected & Now I am looking for Nifty to hold the zone 8440-8445 then going above 8470- likely to start upside.

Nov 4, 2016

Trade active

13:45 Hrs 4th Nov2016

Last Price@8430

Day's Low-8425

That's why I always suggest key levels-8470- if the market is respecting them as an individual you should also respect those levels -never get emotional in trading or run for the trade

Nov 4, 2016

Trade closed manually

14:40 Hrs 4th Nov2016

Last Price@8414

Day's Low@8400

Saved never took the long as Nifty did not cross above 8470. So this pattern is no more valid. Hence closing it.