AbhishekHSinghCMT

Nifty - Below 10070 for 9960-9980 & Above 10100 for 10175-10225

NSE:NIFTY   Nifty 50 Index
We will trade the breakout below 10070 for 9960-9980 -if takes support then we push upside above 10138 highs & another alternate scenario if it holds / pushes above 10100 then we will look for 10175-10225 upside target.

Update 1- Bullish confirmation above 9925 & 9950 - Confirmed We are looking for upside to a new high of 10138


Update 2- Selling harmonic in bullish structure at 9985 to 9860 - Holding 9850 support for bullish move for new high above 10138- Amazing fall from 9985 to 9860 exact



Note - If 9900-9920 Zone gets broken downside then we see nifty             for sizeable correction till 9650-9550 zone downside.
Trade active: 07:38 Hrs 15th Sep2017

Last Price@10085

Yesterday before market could end we had entered with bullish harmonic between 10070-10080 - It pushed upside for 10104 before it settled at 10085
If it moves above 10100 - likely it continues to 10175-10225 as expected
Trade active: 09:32 Hrs 15th Sep2017

last price@10077

Short term buy above 10100 with day low as stop loss.
Trade active: 11:25 Hrs 15th Sep2017

Last Price@10052

Short term bottom at 10045 is formed so we book partial profit & look to sell on tops by looking for resistance in 10070-10085 Zone with strict stops above 10105.
Comment: 11:45 Hrs 15th Sep2017

Magical Support at 10045 at time 11:45 Hrs ( Just for fun)

Trade active: 14:09 Hrs 15th Sep2017

Last Price@10067

Popped up to 10072 - Book Partial Profits if taken short term long with support @10045 as stop loss.

Next we will look to sell for targets 10025-10035 if 10085 holds on upside.
Comment: 14:32 Hrs 15th Sep2017

Last Price@10084

No selling please.
Comment: 14:35 Hrs 15th Sep2017

Last price@10095

We are crossroads with important level of 10105 - if that crosses -Nifty can push to highs of 10138 -previous high else

Risk Takers -if they can afford to put stops above 10105 then they can take sell for lower targets of 10065- 10045-10025
Comment: 14:45 Hrs 15th Sep2017

Last price@10105

Seems Bulls are back in Power - Now look for some pullback to enter the trade - do not jump straight away in the running train- else we will hurt ourself.

Happy weekend.
Trade active: 09:25 Hrs 18th Sep2017

Last Price@10156

New Life Time High above 10138 - The pullback was awesome - we opened gap up & heading close to our target of 10175.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
seems like nifty did both up and down....... interesting setup going forward..... the trend has been broken. lets see if 9875 holds now. @AbhishekHSinghCMT looking forward to your views / inputs.
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nifty below 10070 what to do
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What does CMT stands for?
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AbhishekHSinghCMT AkshathBharathi
@AkshathBharathi, CMT - Chartered Market Technician is the professional certification from U.S. in the field of Technical Analysis.
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Awesome,
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Sir im holding 10000pe of this month..can I hold this or book loss...pls advise
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@Ranjeeth, Timing is another dimension which belongs to cycle analysis & as suggested last 10045 formed good support in last trading session for a bullish bias. Once this cycle is done we likely see good correction downside but downside movement is yet not confirmed.
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O.K. It looks like formation of triple top.
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Waiting to go short.
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Sir i think Nifty has a very strong resistance at 10064
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