Nifty- Bullish Butterfly- Can It Come Alive Again?

AbhishekHSinghCMT Updated   
NSE:NIFTY   Nifty 50 Index
Bulls are waiting for the push- me too waiting for the push because I am very selfish- You heard it right- at times as updated earlier -I am no different than others & me to become a victim of my emotions. Emotions- is biggest hurdle for any trader- where some key levels play major role for me avoiding larger destruction. Not going above 8500 & sustaining above that level was short term trouble for the bulls in last few sessions.

What Next?
8400 is a key level for us if it can hold that zone bulls may push higher on account of U.S. Elections which is next on 8th Nov2016- Can European Index Help Asian Indices as well to get some relief from a bear attack.

If we get that up move -we should not get carried away thinking that it is bull market back because it will give all traders that impression as C-waves have similar personality like 3rd Waves.

Finally If that C-Wave comes true- then "Dream will turn into reality"

DAX- Bleak Time Ahead? - This Index as well, looks for a bounce -which should not exceed 10730-key resistance.
Trade active: 22:14 Hrs 6th Nov2016


One should be careful-if Index fails to hold above 8400 levels then likely it could dip even further deep.
Trade active: 07:16 Hrs 7th Nov2016

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Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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