AbhishekHSinghCMT

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

Short
NSE:NIFTY   Nifty 50 Index
31
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 - TradingView India

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