AbhishekHSinghCMT

Nifty -3 levels Important

NSE:NIFTY   Nifty 50 Index
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Nifty -3 levels are very Important.. Did I say 3 levels ..No one more level as per my previous update- "Nifty- Trading with Amar ..Akbar..Anthony".
These 3 levels will decide the fate of Nifty- 8690-8700(as per previous update-going above that level-look for 8740-8750 as target zone)---8600(going below that level- one can take short till next support at 8540)--8540(the fulcrum point) & finally 8515( Going Below that level will show us the direction)
Trade active: 12:45 Hrs-IST-22nd Aug2016-- Nifty Going Close 8600. Let us wait & see what happens next.
Trade active: 09:00 Hrs-IST- 23rd Aug2016-- Nifty Going Below 8600- We should look for the target zone 8540-8550 as the support zone or above 8650 if it holds then shall look for 8700-8720 but upside looks little risky. Any Move Above 8750 only will open further upside else going below 8540 & 8515- shall indicate weakness in the Index.
Trade active: 11:00 Hrs- IST-30th Aug2016-- Simple Support Has been working so beaautifully- so keep it simple.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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