Nifty - 500+ Points in Diwali Offer Closes@9650 + Harmonic@9800

Sep 28, 2017

Above 10100 for 10175 & Below 10070 for 9960 - Below 9900 for sizeable correction to 9650 as per last update mentioned below.

Trading Strategy
Look for a jump to 9785-9800 zone from 9730-9735 zone & later sell from top zone of 9800-9810 for 9650-9600 once you get bearish clues on top end.


Hope you guys are doing good. We have bearish harmonic in the zone 9785-9810 if Nifty faces resistance then we look for 9650-9660 Target Zone & below 9650 for 9600 which completes 500 points bumper offer + top up gift this diwali.

Intraday, 9729-9730 zone is short term important zone for Nifty. Below that zone weakness could set.

We will keenly watch for selling on top for lower targets but be careful 9800 is the psychological level & It should hold below that zone or from close by zone on top end for bearish clues or selling opportunity.

Look to sell from top zone of 9800-9820 for targets 9660-9650 & below 9650 for 9600 if market behaves as suggested above.

Bank Nifty
On similar lines Bank Nifty can also push close to 23950-24000 Zone & we will check for weakness in the same.

Last Update

Sep 28, 2017

Trade active

28th Sep2017

13:16 Hrs 28th Sep2017

Last price@9709

Short term support zone 9729-9730 broken so bears selling for the moment can extend to 9685-9695 zone

Sep 28, 2017

Trade active

13:17 Hrs 28th Sep2017

Last Price@9713

We have positive bias for next half & looking for 9785-9810 zone as suggested so avoid selling now - we shall look for selling next below 9685.

Sep 28, 2017

Trade active

14:18 Hrs 28th Sep2017

Last price@9750

In the important zone 9750-9760 - Book Partial Profits if fails to cross upside
or above 9760 moves for 9785-9810

Sep 28, 2017

Note

14:33 Hrs 28th Sep2017


This is Bank Nifty as stated above - can move in similar line -

Last Price@23855

Sep 28, 2017

Trade active

14:50 Hrs 28th Sep2017

Last Price@9731

Fails to cross 9760 - Falls from the zone 9750-9760 - An important zone suggested above to book partial profits. Next Buying above 9760

Sep 28, 2017

Trade active

15:06 Hrs 28th Sep2017

Last Price@ 9775 - Nifty & Bank Nifty - 23970

Upside leg done in Nifty@9785 & Bank Nifty in 23950-24000 - Awesome

Sep 28, 2017

Trade active

15:13 28th Sep2017

Nifty - The Story Continues -

Last price@9759

Look at the profit booking candle @9787 - Can it be harmonic - don't know. Closing for the day.

Wish you this auspicious day of Goddess Durga.