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 clues on top end.
Hope you guys are doing good. We have 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 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.
On similar lines Bank Nifty can also push close to 23950-24000 Zone & we will check for weakness in the same.
13:16 Hrs 28th Sep2017
Short term support zone 9729-9730 broken so bears selling for the moment can extend to 9685-9695 zone
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.
In the important zone 9750-9760 - Book Partial Profits if fails to cross upside
or above 9760 moves for 9785-9810
This is Bank Nifty as stated above - can move in similar line -
Fails to cross 9760 - Falls from the zone 9750-9760 - An important zone suggested above to book partial profits. Next Buying above 9760
Last Price@ 9775 - Nifty & Bank Nifty - 23970
Upside leg done in Nifty@9785 & Bank Nifty in 23950-24000 - Awesome
Nifty - The Story Continues -
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.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ