A clear strategy shall be to wait & watch for the trigger levels like 8275 taken out on top shall open for approx 150-200 points range leading to 8375-8450 or if 7893 is broken downside shall be clue for big downside which Indian Markets are poised for in next 5-6 months.
Leading Diagonals in Wave-(1) can take Wave-(3) deep down in coming months with no move above 8600 in the near term which will invalidate the counts.
This is how we moved in 2016
Larger Picture -Painful C-Wave in 4th Wave Downside
A Bigger C-Wave in 2017
Bang on to catch top@8600 on the neck
Bounce to relieve oversold indicators
Chaap Daala-Local Traders Language
Hitting Bulls Eye for 140+ points
Use the Bounce 8000-8025 to sell
Happy to catch the top@8020
Sell the bounce 8000-8025-Part2-- Before Sell "Buy Please Above7940"
Crossing Across Bullet Train at 8100-Amazing
Did Nifty took Bank Nifty Healing- When BN came close to the level of 17828 as mentioned in its respective post-"BN 2016 Diary"& Nifty as well had an intraday upside push from 8130-8140 zones to slightly above 8200+
Against 8155 stops in current position - We are bullish in Nifty till 8235-8240 having said that - one should not enter in buy call here - as the train has already left from 8155-8160 station.
Bank Nifty was good bounce 2 times close from 17828- magic wand.
The zone of 8130-8150 is a very important zone -in today's session if it drops in between & holds for some time-later pushing above 8160 can be looked as upside with strict stops below 8130.
Incase, 8130 is broken- let me come back again.
Heading Close to next hurdle 8275 -we want nifty to cross 8275 + with some extra points -let us take 4-5 points more -if it does so then it travels cleanly to 8380-8400 zone.
Last Night's USDINR Capsule has started showing its power to Nifty & Bank Nifty
Last Night Report - Waiting for USDINR to break the channel
Channel Broken by Dollar Rupee (USDINR)
Bank Nifty has to support Nifty move - Now its facing resistance of 8275 so likely be careful as Nifty moves next above 8275 only if sustains for 10-15 mins
Gone so deep & now looks scary for bears!
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Phenomenal is the word i have for you. Never seen anyone with such precision. At the same time i have one request. Could you please do the same as nifty for bank nifty. Iam sure the larger crowd would appreciate the same from you. I can understand how difficult it is to make precise projections.Please consider my request.