AbhishekHSinghCMT

Nifty -Sell from Channel tops 14625-14675 (Target-14510 / 14275)

NSE:NIFTY   Nifty 50 Index
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94
Target Downside 14510 / 14405 / 14275

Warning ---------------Do not Sell if Nifty crosses above 14700's ------------------------------------------------
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Last Trade & Idea - Buy 14275 to 14985

Trade closed: stop reached: 09:21 Hrs / 4th May 2021

Last @ 14696

Gap up opening today above 14700 has invalidated the sell suggested from 14625 - 14675 - yesterday High was 14674 & closing was 14635

Risk Takers (strictly)

If Nifty Index fails to hold 14700-14725 zone - sell can be taken again but most preferably it has to drop below 14700
Comment: I took resell......................again below 14700 as suggested above - please read the comments in full put at 09:21 Hrs
Comment: 12:53 Hrs / 4th May2021

Last @ 14669

Index retested 14699 / 14700 again but did not cross upside as suggested earlier till the time it respects 14700 level on upside- our bias remains negative & most likely Nifty may fall to 14580 which was the low for the day so far. Falling below 14580 / Target will be 14550 / 14510 for the day.

Crossing above 14700 - 2nd time will suggest Index going into bigger complex correction
Comment: Nifty (Last - 14579 / 13:25 Hrs / 4th May2021) cracks 110 points from 14669 to 14569 🎯🎯🎯

Congrats to all the followers "who hold their nerves" as suggested we have negative bias below 14699/ 14700

Look Nifty cracked 100+ points from the most talked level -------14700 ---------

Bye & Take Care
Comment: 08:54 Hrs / 5th May2021

Update for 5th May2021 -----------------Nifty Index-----------------------------------

SGX Nifty +70 / If Nifty Opens Gap Up & rushes to 14635-14650 - Traders have to be careful as 14635-14650 is the supply zone / selling zone - In case Nifty halts close to 14635-14650 (Strictly not crossing above 14650)
Expect drop to 14580 / 14550 -Intraday
Comment: 09:54 Hrs / 5th May2021- Nifty Update:

Last @ 14563

Likely retest of 14600+ if holds above 14550
Comment: 10:29 Hrs / 5th May2021

Last @ 14569

Nifty Index update - It is struggling in 14500-14550 zone. Made close attempt to 14600 ( which was 14596) It is open for 14600/1435-14650
Comment: 10:52 Hrs / 5th May 2021 (Last-14587)

Nifty update:

it reached 14600+. Recent High- 14606 Bye & Take Care
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Comments

On 6th May what we can expect , will nifty down by 200-300 points or up ?
+4 Reply
YOU ARE NIFTY MAHALAKSHMI
+3 Reply
Amazing ।it could not cross the Laksman Rekha or should we call it Abhijeet rekha after the gap up and loo!!What a fall!!! GREAT।YOUR TREND LINES WORK LIKE CHINESE WALL।
+1 Reply
thank you sir cracked nearly 150 point total today
+1 Reply
Great as always
+1 Reply
true Sir, Weekly pivot is at 14700, crosses & remains above than bulls are back in business else false breakout
+1 Reply
@akhil2fast sgx nifty crossed 14700 but stuck at 14730-14750
Reply
akhil2fast RishabhGandhi250218
@RishabhGandhi250218,
Alright sgx is not very reliable most of the times the gains or loss of any is lost just before nifty opens, moreover if u want to compare sgx it’s somewhat comparable to nifty futures
Best regards
Reply
Thank you for perfect timely prediction
+1 Reply
as you said do not sell above 14700 currently nifty has recovered nearly 280 points from day low is it bullish momentum or bull trap after gap down? where should we think about shorting? great idea though u have been a continued bullseye shooter in nifty
+1 Reply
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