AbhishekHSinghCMT
Long

Nifty- Can this dream turn into reality

NSE:NIFTY   NIFTY 50
937 19 14
Day's Low- 8550

As an analyst -its a biggest achievement if something turns out as he wishes, but those cases are very rare. I am not fond of picking tops & bottoms because getting tops & bottoms has been always risky. It hurts you as you are dealing with real money.

Connecting pieces of Nifty             tells that if this piece falls into place & very important not going above 8969 which is the high from where nifty             started falling early Sep2016- we will be ready for the most exciting time in Indian Markets.



Nifty- Can You Recognize The path-Part 2
Trade active: 13:38 Hrs 27th Oct2016

Trading@8605

Nifty if travels 8640-8650 -I will love it because it will confirm that bulls are interested again in the index.
Trade active: 13:49 Hrs 27th Oct2016

Trading@8599

Likely Nifty could go very close to 8550-8570 - so we will wait to see the price action
Trade active: 14:18 Hrs 27th Oct2016

Trading@8582

Session low@8576

Vow -what a fall likely I want this little more so I can think of buying with stops below 8550- key level
Comment: 14:25 Hrs 27th Oct2016

Trading@8582

Some of these portions or updates I am writing out of my experience- you guys can take clue, but likely do your own analysis before executing any trade.
Trade active: 14:40 Hrs 27th Oct2016

Trading@8592

Going above 8605-8610 is likely good for bulls. Thanks to one of my colleague Udaya- one more update- New expiry contract is always good for bulls atleast 2-3 days, which has been noticed on historical basis. Also, Diwali is round the corners. So, enjoy with lots of sweets & crackers.
Trade active: 16:18 Hrs 27th Oct2016

Last Price@8615

Hope so we see the new expiry contract running into sweet spot & complete the setup as expected when it opened up as leading diagonal.

All waves overlap from 8968
Nifty- All Waves overlap from 8968- Trouble Ahead


Can you recognize the path
Nifty- Can you recognize the path?
Trade active: 07:03 Hrs 28th Oct2016

Good Morning! Wish You All A Happy & Prosperous Diwali
Last Price-8615

Nifty has bounced back exactly from the gap zone 8530-8555 by making a low@8550- The last hour rally on expiry day looked bullish but still we will take a bullish stand as mentioned below.

If Nifty retraces to 8600-8605 or 8580-8585 with strict stoploss below 8575- we have a bullish stand in today's session.
Trade active: 11:11 Hrs 28th Oct2016

Last Price@8640

Day's High@8650

Amazing Dip of the Market - Enjoyed the bounce of 70 points -exactly from the zone 8580-8585 with just 6 points risk- This kind of risk reward is hard to get 1:14 with a risk of 5-6 points & gain of 70 points.
Trade active: 11:55 Hrs 28th Oct2016

Trading@8641

There was a gap between 8655-8664 so likely Nifty going above 8647-8648 levels shall kiss some portion of the gap

snapshot
Trade active: 12:41 Hrs 28th Oct2016

Trading@8626

Recent Low- 8619

So that's why I said, let Nifty cross 8647-8648 for a target in gap area 8660. Nifty did not cross 8647-8648 & look the fall on smallest degree.

snapshot
Trade active: 12:51 Hrs 28th Oct2016

Trading@8620

Sorry got little late

For Risk Takers who can afford to lose 10-12 points with strict stop below 8609
Trade active: 14:00 Hrs 28th Oct2016

Trading@8633

Likely Let us exit & trade above 8645 or close to 8610-8615
Trade active: 15:03 Hrs 28th Oct2016

Trading@8640

See the thumbs shown at 8645 yesterday there was a severe fall - today after making a high at 8650 -it went down for small candle & came to 8645 -same level shown again as thumb -look the fall

Next a trendline is drawn connecting 8650 to 8645 -Once Candle crosses above one can look for this trendline as support line -most of the time it takes support -you can wait for one candle to see whether it holds -once you know it holds - you can initiate a trade with minimum risk & maximum gain.

snapshot
Trade active: 12:31 Hrs 3rd Dec2016

Can this channel in B-Wave Work- Looks like Bears & Bulls are fighting- Once we cross 8550 -it will confirm for bulls that they have strong holds on the market. Before that there is channel from where the B - wave likely has bounced from day's low.

snapshot
Trade active: 13:22 Hrs 3rd Nov2016

Trading@8500

Prices did not cross 8550 for bullish bias, but likely I will avoid having a bearish bias as well, unless we break the channel- so I am avoiding short trades in current scenario.
Trade active: 13:28 Hrs 3rd Nov2016

Trading@8490

Breaking day's Low - can push Nifty to 8440-8450 zone,
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
Happy Diwali to u n ur family n enjoy money n crackers
Reply
Thank You & Wish You The Same
+1 Reply
MukeshRajpurohit AbhishekHSinghCMT
Sir Happy New Year
Reply
AbhishekHSinghCMT TOP MukeshRajpurohit
Wish you the same Mukesh.
Reply
one big correction before US election result for sure.
Reply
Let us see. Now, in the mood of celebrating Diwali.
Reply
great sir
Reply
Wishing You A Very Happy Diwali, Abhishekji looking at Muhart trading day thing that gap will be filled and may be some more up move to take out the stop loss on up side then Nifty will get in reverse gear for US election.
Reply
Thanks. Yes, That will be amazing & dream will come true of the A-B-C sequence where C-wave as expected since long time almost a month back -travels into 8850-8900 zone- then Nifty should not go beyond 8968 -8969 which I will be keenly watching -if next week it goes close to that zone & fails to take out 8969- That will be the most exciting time which bears will see in month of Nov2016 but that is all dream- May this dream come true.
Reply
Happy Diwali u r best motivator of us
Reply
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