Who is playing with numbers -I just shifted these numbers from unit, tens & a thousand places to get 8060 out of 8600- like a kid- Thinking out of the box.
Likely that's been fun part- Serious Part: Downside there is reducing momentum or divergence is visible.
Going above 8143 - Then, looking for 8185-8195 zone, but needs to sustain above 8120. Going above 8210- deep upside
Going Below 8060 only we will look for crucial of 8000-8010
Falling from 8600
It broke 8060 mark- which was previous low- now holding short for target zone 8000-8010 with stops 5 ticks above swing high 8105- i.e. 8110
Turning from 8090 below 8110 could give us the desired result of 8000-8025 - if goes below 8060 - On top our risk is minimum which was 20 points
Turning down below 8110 from 8090
Amazing it falls again, keep our stops intact 8110- can it break 8060- It will be exciting to see the movement next
After a long time - My stops were hit.
Key Level 8105 has been taken out on top, but we will wait for the next set of directions & see which way market wants to head.
Last Comment of the Day
That's why I suggested above Nifty should hold above 8120 (for bulls to become active) -it made a high 8129 & started falling- did not stay even 5-10 mins on top.
Have a nice weekend guys & let us come prepared for the new week & search for even better trading opportunities.
Thanks for support
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ