AbhishekHSinghCMT

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

NSE:NIFTY   Nifty 50 Index
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
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

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.
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

Comment: 14:33 Hrs 28th Sep2017


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

Last Price@23855

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

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

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.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Nice call
Reply
@ManojDalmia, Cheers!
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we have to buy or sell give one way direction,please
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@rupambose32, Unfortunately, Market never moves in one direction. It has always confused traders & will continue to do so. That is the market quality.
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@rupambose32, Also, Selling below 10070 through 9600 (Nifty went close to 9685- Then I cam back for this Intraday buy call from 9715 to 9785- It touched 9787) was one way sell call, which was updated in previous post & mentioned above.
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rupambose32 AbhishekHSinghCMT
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Bears are active on Oct futures.. Premium shrinking!
Reply
@Parasuram, True.
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rupambose32 Parasuram
@Parasuram, you have so many good analysis like jesse livermore why you are not posting to help us
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rupambose32 rupambose32
@rupambose32, mr parsuram ji
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