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
| LinkedIn
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.
nifty below 10070 what to do
What does CMT stands for?
AbhishekHSinghCMT AkshathBharathi
@AkshathBharathi, CMT - Chartered Market Technician is the professional certification from U.S. in the field of Technical Analysis.
Sir im holding 10000pe of this month..can I hold this or book loss...pls advise
@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.
O.K. It looks like formation of triple top.
Waiting to go short.
Sir i think Nifty has a very strong resistance at 10064
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