AbhishekHSinghCMT

NIfty -Looks bearish as distribution pattern in Y-Wave

Short
NSE:NIFTY   Nifty 50 Index
10
Trading@8717

Posted in comment section to exit Nifty at 8745 -Looks Risky --Out-Out -Out. Shall look for pullback to see what kind pullback it is?.

Trade active: 14:23 Hrs- 6th Oct2016

Trading@8728

The pullback is currently taking place from day's low-8707. Going Below 8707 - we will look for this move to continue down- which I shall update.
Trade active: 15:11 HRs 6th Oct2016

Trading@8705

Fall Started below 8707 - made a low@8685- New Low - Looks like it will retrace this fall so -coming tomorrow I will monitor the price & take fresh selling positions.
Trade active: 16:20 Hrs 6th Oct2016

USDJPY -Nifty's Brother called me saying that I am going to fall -Take care of my brother. So, I got the clue.

Expected this in USDJPY last Night


What Happened in USDJPY


Finally What Happened -Before a phone call from UJ(USDJPY)


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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