WaveTalks - Nifty: Double Top at 17430 (7th Sep2021)

NSE:NIFTY   Nifty 50 Index
Short Video connecting the path which unfolded for Index Nifty after Bullish Gartley at 17055 –last idea & upcoming moves to be expected with key & critical levels.

Thanks for watching the video

Last Idea- 2nd Sep2021- Bullish Gartley at 17055
Trade active: 14:03 Hrs / 7th Sep2021

Last @ 17404

Zone of 17390-17400 is key zone- if that zone holds as support then pushes upside again above 17437

Only below 17380 - we review short wise
Trade active: 14:53 Hrs / 7th Sep2021

Last @ 17369

Nifty Index Update

Short term dip below 17380- Index slipped to 17347 slightly above 17340 key level
It seems Index is doing all choppy corrections-down up-down kind of move
Intraday our bias remains positive for 17437+ till it falls below 17287/17290
Comment: 15:27 Hrs / 7th Sep2021

Last @ 17354

As a Trader - You need to remember key & critical levels

17340- Key level

17287-17310 - Critical Zone
Trade active: 08:20 Hrs / 8th Sep2021

Nifty Update

Closing on 7th Sep2021 - 17362

The opening could be on a positive note & Index may attempt a close by open to the previous high 17437 respecting the key level 17340

Before it could close yesterday, Index made 2 attempts of 17340's & successfully held its ground

Upside Resistance Zone - 17470-17490 which could be seen as a profit-booking zone.
Trade active: 09:58 Hrs / 8th Sep2021

Last Price @ 17360

It broke the key level @ 17340 & made a new low @ 17324 - Markets are volatile as suggested last time. It will do frequent ups & downs.

Only High-Risk Takers should trade.

The bias remains upside for 17437+ or positive until critical zone 17287-17310 is also take out.

Safe Traders have to be a little cautious or avoid trading if the Index goes below 17340 & fails to bounce back.
Trade closed: stop reached: 13:00 Hrs / 8th Sep2021

Last @ 17286

Index slipped below 17287. The structure is not clear. Has stopped out.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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