AbhishekHSinghCMT
Short

Nifty- "Chaap Daala"-Local Traders Language from 8055 to 8125

NSE:NIFTY   Nifty 50 Index
562 6 10
Last Price@8115

It looks awkward to use such language because we are professionals, but sometimes we should break those barriers & enjoy every moment, which local trader in Dalal Street would have repeatedly said to himself & his group of friends- "Chaap Daala"- Why not if you get such a move having 20 times reward against 1 time risk- you will also say those words to yourself.

This reminds me of a movie- "3 idiots"- whatever your heart says -you should follow the same.

From the bottoms of 7915 to 8250 as said it was corrective leg having key level-8050. So taking a risk of 5 points & buying in the bottom zone of 8055-8060- was amazing experience.

What Next?
If Nifty             starts moving above 8155- lower edge of the gap & sustains above 8150 then likely it will extend to 8200-8210 zone which is crucial resistance from earlier price history.

Else Nifty             could fall back & going below 8050- It will move to the desired zone of 7990-8000.

Previous Update




Trade active: 08:55 Hrs 6th Dec2016

Last Price@8128

In today's session if it moves to 8140-8150 & get resistance- then allow prices to pull back in the zone 8100-8110 zone as it is important zone- if holds, then it could push to 8150 & going above 8155- likely travels to 8190-8200- There again it will face resistance between 8200-8210 zone

Selling opportunity should be taken below 8050 marks only for 7990-8000 mark initially.
Trade active: 10:09 Hrs 6th Dec2016

Shall be leaving for a meeting. Happy Trading & Take Care

Last Price@8162

Session High@8174

Likely looking for a pullback in the zone 8100-8110 -if that zone holds, then one can look for push again till 8175-8185 - be careful do not hold long positions if it dips below 8100 & stays for some time below that level- going below 8050 mark -we will look to sell for the 7990-8000 zone
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
Thanks Abhishek.
Reply
@nirav5, Welcome Nirav
Reply
Hi Sir, do you have a twitter account where you post about your latest updates/ideas or what position you have taken . It's easy to get notified on Twitter.
Thankyou :)
Reply
@Ra_Thor_, I work for TradingView & TradingView India has twitter account which has all the updates & analysis published. Personal Account I don't have but likely I will start soon
Reply
muralipochem AbhishekHSinghCMT
@AbhishekHSinghCMT, Please share the details after creating the account. Thank you.
Reply
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out