AbhishekHSinghCMT
Short

Nifty- 8400-8450- Harmonic Zone for D leg & larger Wave 2

NSE:NIFTY   Nifty 50 Index
1408 views
31
1408 18
X- 8600 -shall be invalidation level.
Comment: 08:05 Hrs 10th Jan2017

Dollar Rupee Re-entered the channel as per the latest update once it starts moving down likely Nifty & Bank Nifty will resume its upside move.
Trade active: 15:20 Hrs 10th Jan2017

Last price@8290

We saw intraday upside move of 40-50 odd points -rupee is still struggling -if it supports then nifty & bank nifty move shall become aggressive.
Trade active: 09:58 Hrs 11th Jan2017

Last Price@8340

Heading close to the zone on upside.
Trade active: 14:57 Hrs 11th Jan2017

Last Price@8385

Now This picture looks beautiful. Amazing!
Trade closed: target reached: D-leg reacted but it was short @8327 so new update where I expected to bounce from the gap zone of 8295-8322- well it bounced & did so sharply.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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WAVE 2 COMPLETE OR SOME THING PENDING BEFORE START 3RD WAVE?
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I believe this idea still intact. Whats your update ?
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@masoodkwt, Yes, If a 8400-8420 zone crossed as it spent a lot of time, so moving above that zone likely Nifty goes close to 8470-8500 we need to make sure after moving above 8400-8420 it should not dip below 8400 again unless targets are reached.
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GAME START TOWARD 7200?
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What Next move expected
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@ideas2invest, Markets are very dicy at the moment. If Nifty sustains above 8400-8420 zone then can look back for day's high again 8450-8460 & If Bank Nifty goes below 18800 then BN pressure will create selling pressure in Nifty as well.
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Hi Abhishek, can i short nifty
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@ManojDagia, Hi Manoj, there is no confirmation- so it is like putting your finger in electric socket- kindly avoid & have patience & wait till market shows the way.
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real beauty now it shd start to melt...
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Can u please expain me how can i confirm the short trade, at any level say at Nifty at 8400-8450? I mean what is confirmation how can i get that.
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