AbhishekHSinghCMT

Nifty - Delete Selling Above 11450 - Anti Gartley Pattern

NSE:NIFTY   Nifty 50 Index
Hello Readers,

Good Morning!


10:18 Hrs             - 11th Sep 2018

Last Price@11425



Nifty             has support in 11400-11420 zone which could act as bouncing pad & we look for upside target of 11525-11550 zone

We buy in the first trading session & sell later with Anti Gartley Pattern in the zone 11525-11550 - "if Nifty             faces resistance & downside target back to 11450- 11400 & lower

Note
Incase it moves above 11550 & holds - No selling above that level.


Risky Traders
They can initiate buy position between 11420-11430 with stops below 11410 for targets mentioned below

Safe Traders
They can initiate buy position above 11450-11460 zone once it sustains & holds above that zone for targets mentioned below

Target 1 Zone - 11490-11500

Target 2 Zone - 11525- 11550



Last Published Idea - Click to read

Trade active: 11:59 Hrs 11th Sep 2018

Last price@11416

Recent Low@11400

Risky Traders who bought between 11420-11430 - It moved a bit to 11440 levels upside -
I always keep telling "Risk Management" is most important than trading- so trader could have trailed his stop to cost price 11420 from 11410 -not lose any penny in risky call as well.
You could have made 10-20 odd points as safe traders level 11450 wasn't taken out on upside.

We again wait for Nifty to move above 11420-11430 zone & look for same targets with proper risk management
Trade active: 14:08 Hrs 11th Sep 2018

Last price@11360

Not below 11420-11430 zone - Proper Risk Management
Trade active: 14:23 Hrs 11th Sep 2018

Last Price@11335

Nifty seems to be in hurry for downside.
Trade active: 14:39 Hrs 11th Sep 2018

Last Price@ 11315

Recent Low@11305

There is a support here in 11290-11310 - So not moving below is the time for booing some profits -

Any sell likely better only below 11290 else avoid next - can expect a bounce
Comment: Pardon - "booking" profits in above comment
Trade active: 15:15 Hrs 11th Sep 2018

Last Price@11283

Hello Community,

Do you remember - Bank Nifty 26800-26810 zone we sold at that level once or twice to buy again 26300 with stops below 25980- " Can Bull Race Start..."
Trade active: 15:18 Hrs 11th Sep 2018

Last Price@11288- Nifty

We are back in the important support zone for Bank Nifty as well so If BN holds above 26775-26800 then it could help Nifty as well to take a breather in next few sessions.
Trade active: 15:21 Hrs 11th Sep 2018

Last Price@26790 - Bank Nifty

Bank Nifty & Nifty Both falling from 11730-11750 as suggested in larger view - monthly count & Bank Nifty -Double Top

Trade closed manually: 07:37 Hrs 12th Sep 2018

Last Price@11288

Expecting a bounce above 11300 as suggested yesterday. Done & Out
Comment: 10:59 Hrs 12th Sep 2018

Forgot to put the bounce target upside

Bounce Target could be 11465-11480 zone -Once done -Take Rest
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
Trendline broke long ago at 11500 on downside what's the point in drawing architure diagrams Nifty has no major support till 10900
Reply
@spynkz, Thanks but There would always be minor & major supports in between - if you say price won't stop till 10900 -I fairly disagree. On shorter timeframes -People would be interest to buy & sell so these intraday levels gets created or evolves every trading session. On longer duration you may be correct as I also have suggested in my longer term update earlier when we started selling from the tops - 11730-11750 -close to 11760 highs.
Reply
NIFTY flirting around 11400 , am game here sl 11380
Reply
@krishika, Cheers!
Reply
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