Nifty - 100 Points Enjoyed - Sell with Bearish Cypher below 9790

NSE:NIFTY   Nifty 50 Index
Last Price@9811

Day High@9817

Risky Traders can sell in 9810-9825 with stops above 9836 - Safe Traders Sell below 9790-9793 zone

Any move below 9790-9793 which was one of the desired zone for long trades for the day is important zone - If Nifty starts falling below that zone - we will look for short term melt down till 9765 - 9735 target levels which will fill the gap for the day. Enjoy!

X- level is important one which is 9853 but we become cautious above 9825 -if trade is activated below 9790 next & starts moving above 9825 without kissing target levels of 9765 atleast.

Note - Sell Call activates below 9790-9793 as mentioned above.

Target 1- 9765

Target 2 - 9735

Previous Update - 100 points from 9700-9800

Aug 14
Trade active: 15:03 Hrs 14th Aug2017

Last Price@9799

Here we go right at the top@9817 - Risk Traders - Enjoy!

Aug 14
Trade active: 15:26 Hrs 14th Aug2017

Last Price@9785

Day is about to end. have a nice day ahead.

Aug 15
Trade active: 07:39 Hrs 16th Aug2017

Last Price@9794

Short Term Support Zone - 9775 to 9780 - Once it goes below 9775 - Nifty likely takes support@9755 or any move above 9819 High@14th Aug2017 will continue to 9850 - 9890 - 9920.
Aug 15
Trade active: 10:18 Hrs 16th Aug2017

Last Price@9792

Look Nifty Takes Support in the desired zone metioned above @7:39 Hrs- 16th Aug2017

Looking for a bounce atleast for 9890-9920 so a dip is always an opportunity to buy now.

Aug 16
Trade active: 11:15 Hrs 16th Aug2017

Last Price@9802

It is struggling between 9800-9810

Short Term Traders Be careful if it goes below 9800 psychological level & going below 9780 - 2nd attempt will put pressure on Nifty.
Aug 16
Trade active: 11:35 Hrs 16th Aug2017

Last Price@97

Recent Low@9785

We were out below 9800.

Again out from selling short term - 14 points.
Aug 16
Trade active: 11:41 Hrs 16th Aug2017

Last Price@9789

Holding 9775 downside - moving again above 9795-9800 desired zone as mentioned above- we are again in the bull race short term for the day.
Aug 16
Trade active: 11:48 Hrs 16th Aug2017

Last Price@9800

Look it turns from 9785 - Heading - Getting goosebumps - me too!
Aug 16
Trade active: 12:02 Hrs 16th Aug2017

Last Price@9808

Testing Close by 9775-9780 Zones twice -one in the zone & later turning above 9785 - has put short term important support zones.

We are looking now for the bounce for 9850-9890-9920 with important support or key level @9775.
Aug 16
Trade active: 12:26 Hrs 16th Aug2017

Last Price@9820

Short Term Traders can book partial here in 9820-9825 & want to add more at lower levels.
Aug 16
Trade active: 12:39 Hrs 16th Aug2017

Last Price@9827

We likely add more in the same zone 9795-9805 zone & booked partial in 9820-9825.

Partial means ( if traded 2 lots - book 1 lot & hold 1 lot- Add more long positions in 9795-9805 zone).

Traders who get confused just trade long positions holding stops below 9775

I am trading all swing turns of the market - I have to move with sonic speed & no time to think.
Aug 16
Trade active: 13:02 Hrs 16th Aug2017

Last Price@9842

Not getting an opportunity to add more lots - no worries - we shall look to exit all & have kept trailing stops below 9825- If it goes below 9825 - I shall be closing all long positions.
Aug 16
Trade active: 13:20 Hrs 16th Aug2017

Last Price@9855

Slowly & Steadily - It is heading towards 9890 -9920 Zone.
Aug 16
Trade active: 13:28 Hrs 16th Aug2017

Last Price@9865

Heading 10 points more from 9855 - Wow!
Aug 16
Trade active: 13:39 Hrs 16th Aug2017

Last Price@9875

Another 10 points more from 9865- Awesome!
Aug 16
Trade closed manually: 15:06 Hrs 16th Aug2017

Last Price@9898

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ


i am confused. r u suggesting buy or sell on nifty?
@SenthilBabu, If you are not following from start of the day - do not trade -otherwise you will get confused as I am trading swing turns. Earlier I said support 9775-9780 - MArket had a fall to 9775 - support so we buy - went it came close to 9810 - I said we said going below 9800 - we exit the buy exited below 9800 - it goes to 9885 - If you taken sell - we again got 11-14 points to 9885. Then suggested we take long if it crosses 9795-9800- it crosses - Now trading between 9820-9825 - we say book partial (means traded 2 lots - then book 1 lot & hold 2nd lot & add more at lower levels).
Is it advisable to trade patterns in gaps also , what things should be considered while trading patterns in case of GAPs ?
@sumitjain3083, You should remember that Gaps can be good support & resistance zone, if Prices hold in gaps - like partial fill up or even complete fill & starts moving in opposite direction you can initiate your trades with stops below 1 candle below or above gaps.
sumitjain3083 AbhishekHSinghCMT
@sumitjain3083, Welcome.
Bingo .. hail Cypher
@ravihls, It was hot trade for the day. I enjoyed.
ravihls AbhishekHSinghCMT
@AbhishekHSinghCMT, indeed .. what a reversal
ravihls ravihls
@ravihls, thanks a TON ..
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