AbhishekHSinghCMT
Long

Nifty- Bullish Butterfly- Can It Come Alive Again?

NSE:NIFTY   Nifty 50 Index
405 5 4
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

Hi,

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

Hilary gets clean chit from FBI- Dow Futures 200+ ...SGX Nifty- 70+
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
Thank you for the updated chart. It did touch 8535 today I would say "bang on" !! What next ?
Reply
Bulls could come back again if Nifty starts moving above 8530-8535 zone or below one can take buying opportunity, but should not sustain below 8450 marks- could dip that is no issues.
Reply
ShanTrader AbhishekHSinghCMT
Thank you. Right now I can feel some butterflies in my stomach, waiting for next two days of action !!!!!!!!!!
+1 Reply
Yes boss I would also like to nifty to go up.But the fact is that what is the fair spot value of nifty at current macro economic scenario of India ?
Reply
This question better can be answered by an economist. I am so deep into the price- time is little short for me.
Reply
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