AbhishekHSinghCMT
Short

India Nifty - Crack & Crab -250 Points Down & Plus

NSE:NIFTY   Nifty 50 Index
Hello Readers,

Crack from 11760 Highs
Excited to have the crack & the fall which was amazing in major indices Nifty & Bank Nifty -. Nifty Cracked 250 + points making close by low of 11400 mark & Bank Nifty 1000+ points.

Crab- Pushed to 11600 Highs

Bullish Crab Pushed pushed Nifty to 11600 Highs in last trading day of the week.

What Next?
The move from 11400 to 11600 -looks extremely choppy & hard to digest as crabs can't be digested easily on a lighter note.

Trading Strategy
Look to sell in 11610-11625 zone for downside target of 11485-11500 & Below 11450 for 11400+ more on downside
also careful once starts trading below 11450 - it should not stay or move above 11450 otherwise 2nd selling should be deleted.
Target 1- 11485-11500

Target 2- 11385-11400- No selling if it stays above 11450 levels


Note - No selling above 11625 levels

Last Published Idea- Revisiting Monthly Wave Count - click the idea




Shall be happy to have your comments
Happy Trading
Trade active: 10:07 Hrs 10th Sep 2018

Last Price@11507

1st Target Zone 11485-11500 Kissed at current low@11496 and Bank Nifty falling 200+ points makes the session - Wow! session

Trade active: 10:17 Hrs 10th Sep 2018

Last Price@11517

Can we bounce - Yes Please if that zone is intact as suggested earlier.
Trade closed manually: Done & Out

Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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