AbhishekHSinghCMT
Short

NIfty -Looks bearish as distribution pattern in Y-Wave

NSE:NIFTY   Nifty 50
359 10 9
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?.

Nifty- Looking for 8815-8820 with critical support@8735
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

snapshot


What Happened in USDJPY

snapshot


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

snapshot
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
great call on jpy.....some light on nifty plz?
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Hope so you got the update -new one on nifty as of today. yaa, I was stuck in a meeting in morning session so could not update. Regards
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uttamtrader15 AbhishekHSinghCMT
NEW one? no Abhishekji
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I published a new update on Nifty
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you have t follow me to get the updates on time
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Watching your analysis it is accurate (also the comment in USD-JPY). Well my estimation is nifty should now test 8820 and if goes above that should form a inv h&S ultimately moving much higher if that happens pls if you can look at it that way. Await your feed back.
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Need to wait for price action unfold -Then only can get some clue
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great call
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Hope so you enjoyed. Regards
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mragarwal AbhishekHSinghCMT
I enjoy the discussion and the community of similar minded professionals more.. :)
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