Nifty - Stellium Effect - How I cracked The Top at 12295

NSE:NIFTY   Nifty 50 Index
Trading Strategy

Plan A -
Sell in 12275 - 12295 strictly only for 12000 / 11900 / 11800 / 11700 / 11500
Method - Bearish Butterfly Harmonic Pattern / Channel Top

Dow Jones Industrial Average Chart

Plan B -
Buy Only above 12350 -If holds that means if goes above 12350 & falls below 12300 - Avoid holding buy positions - Continue Buy above 12350 for 14250 / 14800 / 15500
Jan 13
Trade active: 13:08 Hrs / 13th Jan 2020

Last Price @12318

Day High @12338

Index at crucial juncture - Plan B activates only above 12350 - So, Risky Traders what's running across your mind as crossing channel on upside - whole world will know it is extreme bullish scenario !!!

Take care & Have a wonderful trading week.

Channel violates if moves above.

Jan 14
Trade active: 12:19 Hrs / 14th Jan 2020

Last Price @12345

Day High @12350

Intraday Trading Strategies

Safe Traders Selling
Going below 12320 / extending below 12295 would be signal for selling to safe traders

Risky Traders
They have been suggested to sell close to 12350 - No selling if goes above 12350 mark.
Jan 14
Trade active: 14:16 Hrs / 14th Jan 2019

Last Price - 12327

Intraday key level - 12320 is not breaking that is clearly suggesting it won't fall so selling happens only if 12320 / 12295 gets broken next. Thanks
Jan 14
Trade active: 15:07 Hrs / 14th Jan 2020

Last Price@12361

All long positions are for Intraday - avoid long positions if fails to hold above 12350
Jan 14
Trade active: 10:00 Hrs / 15th Jan 2020

Last Price - 12299

First Target Downside comes at 12210-12220 zone - Next Selling below 12180-12200 or expect bounce upside above 12210-12220 if holds as support. Enjoy / Thanks for all support.
Jan 15
Trade active: 12:35 Hrs / 15th Jan 2020

Last price@12293

Day Low @12285

Avoid selling at day low -if you missed selling at start of the session- Trader should sell at next bounce upside as close as possible somewhere in 12340-12360 with stops above 12375.

One should never over trade else you get into sticky situation where to go down or up.

Jan 15
Trade active: 13:50 Hrs / 15th Jan 2020

Last price - 12281

Nifty Index update

when new break down happens 2nd time as of today's scenario - allow index to move 10-12 points down then only sell that means sell if 12275 gets broken as it still looking doubtful to take more traps at day bottom - guessing a bottom is tough but I am doing my best.

It should keep holding below 12285 later once 12275 is breached downside as new selling opportunity.

Jan 15
Trade active: 15:26 Hrs / 15th Jan 2020

Last Price @12349

Congrats for the bounce as suggested at day low @12280's - " Sell only below 12275" or Sell in 12340-12360 zone with strict stops above 12375

120 points for the day in Nifty Index - Selling Yesterday at channel top & Buying at bottoms.

Cheers & enjoy.
Jan 16
Trade active: 13:23 Hrs /16th Jan 2020

Last Price - 12350
New Status Update
(13:13 Hrs / 16th Jan 2020 - Last Price @ 12351)Index at fulcrum level- 12350 that means important level - if goes below & have little power then it can slip in no time to 12200-12220 zone - Holding above 12350 - shall spend some more time with bulls.
Jan 17
Trade active: 11:43 Hrs / 17th Jan 2020

Last Price@12347

Selling Already Suggested close to 12370's - Latest Status Update

11:06 Hrs / 17th Jan 2020 - Nifty Index ( Last Price-12375) - I still believe 12350-12360 is important zone & falling below the zone - It will most likely visits 12320 / 12250 / 12220. Thanks
Jan 17
Trade active: 13:27 Hrs / 17th Jan 2020 -

Last price @ 12359

Trend change from up-down / down-up will always take time so traders have to keep patience.
Sellers to be cautious only if Index moves above 12375 else you need to do time investment to reap the fruits.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
nifty superb dancing.. hope will come down 11100 around as per your chart
Thanks guru ji. I sold right at the top but couldn't catch the up move. No issues :) Will look for short opportunity again.
Thank you for the timely caution .
Now it's time for banknifty to move !
Gopal_Dhamija Gopal_Dhamija
bnf recovering!!
Thank you
Awaiting for your next video on Indusind Bank.
@AMBRISH, Sure. Tomorrow Morning update on Indusind Bank. Thanks & Good Night.
Awesome analysis
@rakeshfind22, Welcome
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