AbhishekHSinghCMT
Long

Nifty- Bang on for 100+ points- Are we heading for 8350-8400?

NSE:NIFTY   Nifty 50 Index
541 views
4
As suggested in the morning update @09:06 Hrs -15th Dec2016- " Strong Support 8100-8110" Post Fed decision- Nifty will panic only below 8050 - look for selling only below 8100 marks.

What a move- are we looking for 8350-8400 the channel top- Amazing

Related analysis & few other analysis attached below which keeps me motivated

Previous Analysis

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Hi Sir, Is this trade active . I see this below the red line today
Reply
@krish2051, Yes Trade is active unless 8050 is broken- I will avoid any sell calls till 8050 is intact. Regards
Reply
neneram AbhishekHSinghCMT
@AbhishekHSinghCMT,
Hi,
Basic Question, Just wanted to know the red trendline that you have drawn by connecting 21st and 24 th Nov low , Is it a valid trendline ?
Reply
@neneram, There is nothing called valid/invalid in technical analysis - trendline having 2 points can be drawn & if 3rd point falls -it becomes valid-as per books. 15th Dec2016 low also falls on it which we were lucky to trade & got a solid bounce from 8100-8110 zone as suggested earlier. So, trendline drawn has already paid me 120 point jump. Market evolves everyday so one has to be creative.
Reply
sir ji game seems over for nifty till 26 dec mild time and price correction and final sell of day is coming on 26 dec .This month expiry seems below 8000 as per ichimoku TIME CYCLE.(your short call of every stock will out perform in coming days.as i am very big admirer of your analysis.

Regards
Sandeep
9811695963.
Reply
Close below 8150 shows target of 7850 .
Reply
SohilShah SohilShah
@SohilShah, is this count possible?
Reply
@SohilShah, Possible, but the structure invalidates if goes above 8275 & sustains - then we open upside
Reply
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