Nifty- Leading Diagonal Fall from 11920

Last Price - 11860 / 10:37 Hrs -4th Nov2020


This view is not valid if Nifty crosses above 11930
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Already suggested in last video idea - US Markets are doing retracement for the last week's fall & 3550 is the key level so any upside move is just bounce back rally

You just need to identify the key levels to take sell / short position according to your own risk involved in trading
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• Leading Diagonal's are the structure which normally gets retraced 80/90 %

• Structure started at 11969

• Today's high - 11920

• If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930)

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Last Idea
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11:29

Trade active:

12:46 Hrs / 4th Nov2020

Last Price- 11905

Got the chance again to sell close to the tops of 11920/11930 with bearish bat

Trade active:

13:14 Hrs / 4th Nov2020

Booking 100 points in Nifty - Selling from the tops - 11790/11820 is the support zone - don't forget the levels

Trade active:

13:23 Hrs / 4th Nov2020

Last Price- 11775

Leading Diagonal Magic Starts from the highs of 11920 - Hope you enjoyed the free fall

Trade active:

14:40 Hrs / 4th Nov2020

Last Price - 11905

Never miss the selling-it was 3rd attempt for the day from 11920 Highs as your risk is just 10 points.

Trade closed manually:

09:50 Hrs / 5th Nov2020

Last Price - 12051

If you took any sell positions & carried overnight then look to exit in 11950-11970 as that zone could offer support

Structure needs to be reviewed as US elections has gone for a toss & Donald Trump most likely going for lawsuit

Comment:

10:41 Hrs / 5th Nov2020

Last Price- 12072

Day High- 12100

Assuming it drops to 11950-11970 & does not hold at 11950 then traders should wait as Index can be volatile & take it all the down well below 11900 as well & we review the structure back. Thanks

Comment:

14:26 Hrs / 5th Nov2020

Last Price- 12100

Careful below 12080