AbhishekHSinghCMT
Short

Nifty - The Culmination Point -Part 2

NSE:NIFTY   Nifty 50 Index
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


Trading Strategy

Plan A
Holding above 11890 – 11910 zone – Expect upside short term push to 11950-11980.

Plan B
Sell in 11950-11980 ( No Trades if crosses above 12000 mark) for target 11900 / 11840-11850 / 11690-11715

Plan C
Sell only below 11690-11715 for 11490-11510 zone

Plan D
Sell below 11490 for 11080-11100 & Below 11080 for 10750-10800 zone

Nov 13
Trade active: 15:22 Hrs / 13th Nov 2019

Last price @ 11842

Traders to be careful as market is volatile & can trap you -Kindly do not become emotional if it starts trading above 11840-11850 zone. Avoid taking sells in hurry!!!

Only clue is sustained move below 11840 triggers downside but likely market seems choppy at present so better trades taken tomorrow.

Plan A
Above 11840-11850 ----------It is buy for 11950-11980

Plan B
It could be small moves below 11840 for 11790-11800 next & below 11790 for 11690-11710 zone.


Thanks
Nov 13
Trade active: 10:07 Hrs / 14th Nov 2019

Last price - 11825

First Part - Plan B -Accomplished

Small target done moving below 11840 - post opening gap up close to 11860's - Had a fall to 11802 low at present.

Next Selling only below 11790
Nov 13
Trade active: 10:32 Hrs / 14th Nov 2019

Last price @ 11825

First clue to buy only above 11840 else expecting 11775. If taken long -do not hold below 11810.
Moving below 11810 - It will be attracted to fall from the cliff for 11775.
Nov 13
Trade active: 10:55 Hrs / 14th Nov 2019

Last price @ 11859-

Bravo!!!

Index holded 11790-11810 zone downside. Expect upside target 11890-11910 & Above 11910 for 11950-11960 zone. Thanks
Nov 13
Trade active: 11:13 Hrs / 14th Nov 2019

Last price @ 11873

First Target Zone Done in 11890-11910. Recent High @ 11894. Look at the halt !!! -

It's Tea Break
Nov 14
Trade active: 11:38 Hrs / 14th Nov 2019

Last price @ 11865

Hope you enjoyed Tea Break!!!

Getting a chance to buy close to 11830-11845 with stops below 11810 -look for 11895 & Above 11910- zone 11950-11960. Thanks
Nov 14
Trade active: 12:58 Hrs / 14th Nov 2019

Last price @ 11828

We got the chance to buy in 11830-11845 -Our stops @ 11810 - recent low @ 11811 holded so far.
Don't forget danger zone 11790-11810. Prior -It halted at 11895 in the zone. Thanks
Nov 14
Trade active: 13:07 Hrs / 14th Nov 2019

Last price @ 11825-

Kindly Trail Stops below 11815 as it could surprise market if goes below 11790-11810 Danger Zone.

Thanks & Enjoy Your Day
Nov 14
Comment: 13:39 Hrs / 14th Nov 2019

Last price @ 11836-

Last Comment for the day. Enjoy!!!

Never ever become emotional to markets else it is always painful experience.

50% of 11890 is 11845 -If Index fails to cross 11845-11850- Be cautious & careful & that will be clue one for the later disaster to come.

Have already informed 11790-11810 is Danger Zone which needs to hold if any upside is expected.
Nov 14
Trade active: 15:27 Hrs / 14th Nov 2019

Last price @ 11865

Do not take any long positions home. Only above 11910 -It is good. Thanks
Nov 14
Trade active: 09:32 Hrs / 15th Nov 2019

Last price @ 11935

Moving above 11910 - Reached 1st Target zone 11940-11950 - Next only above 11950. Thanks
Nov 14
Trade active: 10:34 Hrs / 15th Nov 2019

11936

After doing lot of ups & downs for so many days - Index Nifty reached 11972 which is exactly what I wrote as the zone in "Plan B" above in main idea.

Let me put down that plan B again

Plan B
Sell in 11950-11980 ( No Trades if crosses above 12000 mark) for target 11900 / 11840-11850 / 11690-11715

So, Traders Plan very carefully as 11980-12035 is the supply zone - we would rather sit outside if Index trades in 11980-12000 Above 12000 -Psychological effect will be there & you can consider to be part of bulls space.

Below 11980 - I will be cautious every time. Thanks & Enjoy.
Nov 15
Trade active: 15:11 Hrs / 15th Nov 2019

Last Price@11900

Selling from the top @ 11950-11980 Three times in last two days🤣🤣🤣Will it crack more & bears will have party time🥳Only time will let us know. Happy Weekend !!!
Nov 18
Trade active: 09:46 Hrs / 19th Nov 2019

Last Price @ 11897

11910 is the fulcrum level - Intraday if Index is below 11910 - it can be selling opportunity for 11840-11850 target zone & below 11840 for 11790-11810 earlier support zones. Going below 11790 -can extend further which has to be reviewed. Thanks
Nov 19
Trade active: 11:23 Hrs / 20th Nov 2019

Last Price @ 12014

Moving Above 12000- Extremely risky to take short positions. Last update before short break. Not valid above 12035. Thanks for all support.

As per plan B in main idea - Please re check & read again. Thanks

Nov 21
Trade active: 10:32 Hrs / 22 Nov 2019

Last Price @ 11923

Hope you enjoyed 100 points fall below 12035 to 11935+

Get ready to turn your position if 11875-11900 support holds for 12050-12075 (Remember - I am very clear "if--------if" 11875 - 11900 holds only then .........Thanks & Happy Weekend.
Nov 24
Trade active: 10:47 Hrs / 25th Nov 2019

Last Price @ 11991-

Double Century 12035 to 11935 & picking from bottoms last week 11885 to 11995. Careful if fails to cross 12000 mark. 💯💯 cheers!!!
Nov 25
Comment: 12:12 Hrs / 25th Nov 2019

Last Price @ 12017-

Profit bookings can make index slip to support zone 11930-11945 as next buy opportunity. No buy trades below 11880- same as last week level.
Nov 25
Comment: 12:35 Hrs / 25th Nov 2019

Last Price @ 12031 -

At All time Highs @ 12038 - Kindly do not listen to any one apart from price which should be your main indicator- If goes above 12038 & falls below 12000 that is your early clue. Thanks
Nov 25
Trade closed manually: 08:23 Hrs / 26th Nov 2019

Closed Thanks. Next Idea coming soon. Thanks
Nov 25
Comment: Pictures from last week trading album

20th Nov 2019 - Selling with Butterfly below 12035


22nd Nov 2019 - Buying Alternate Bat from 11875-11900 for 12050-12075


26th Nov 2019 - It reached 12050-12075

Nov 26
Comment: 14:38 Hrs / 26th Nov 2019

Last price@12020

Hope you enjoyed the status updated selling @ 12:56 Hrs / 26th Nov 2019.

12:56 Hrs / 26th Nov 2019 - Kindly do not get emotional which is my all time suggestion. 12110-12115 is 2nd upside zone for selling if fails to hold below 12120 then avoid selling & we look for 12200/12250. Thanks for all support!!!
Nov 26
Comment: 14:48 Hrs / 26th Nov 2019

Last Price@12043

As suggested earlier in status. 11980-12000 is support zone. Index dropped close to 12007 & bounce can be expected so plan your next selling close on tops is 12110-12115 is protected as resistance later.
Nov 26
Comment: 15:13 Hrs / 26th Nov 2019

Last Price @ 12034 -

Even we got small bounce to 12065 from 12007 day low. We still expect bounce close to 12080-12100. So, Sell later at tops or below 12005. Happy Day!!!
Nov 26
Comment: 10:47 Hrs / 27th Nov 2019

Last Price @ 12095-

Got the bounce in 12080-12100 as expected yesterday. We are selling here if holds below 12110. No selling above that level. Downside look for 11980-12000 & below 11980 for 11925/940.

Thanks for all support !!!
Nov 27
Comment: 11:42 Hrs / 27th Nov 2019

Last Price @ 12084

Range bound market for the day. So sell only close to tops at 12110. No selling above 12110 or Sell below 12070 later. Thanks
Nov 27
Comment: 12:28 Hrs / 27th Nov 2019

Last Price @ 12063

This is how index traps in range bound market. Hardly moving below 12070 so do not sell at day low- Sell only at tops & that too if holds below 12110. Thanks

You can continue if you see sudden fall.
Nov 27
Comment: 09:05 Hrs / 28th Nov 2019

Got the bounce above 12070 again to 12110. Happy to catch all tops & bottoms between 12110 & 12000 in whole week & formed #Kilroy. Bullish "only" above 12110-12120 for 12200+

Nov 27
Comment: 10:32 Hrs / 28th Nov 2019

Last Price @ 12119 -

Don't forget -Bullish "only" above 12110 - 12120 "else" 11980 -12000 & below 11980 for 11940-11950 zone. Thanks
Nov 28
Comment: 12:14 Hrs / 28th Nov 2019

Last Price @ 12135 -

Resistance in 12140-12150 zone. Traders should book partial profits & trail with protective stop below 12120.
Nov 28
Comment: 12:55 Hrs / 28th Nov 2019

Last Price @ 12123 -

As suggested 30 mins back

Holded Just below 12140. Booked & Out at the tops. Look for 12110-12120 & Below 12100 for 12050-12060 & Below 12050 for 11980-12000. Thanks
Nov 28
Comment: 15:09 Hrs / 28th Nov 2019

Last Price @ 12155-

Selling till 12100. Below 12100 - we expected next level of targets. 12100 got protected for the day. Day low@12105 & Index bounced to new highs 12150+ Happy Expiry Day. Yet Another Choppy Expiry. Thanks & Have a good day.
Nov 28
Comment: 08:58 Hrs / 29th Nov 2019

Good Morning All.

Kindly don't get trapped at highs which index is putting every day. Structure is too #choppy so be careful. It is a possibility that Index may take #crack in order 12000 / 11880 /11800
Nov 29
Comment: 12:33 Hrs / 29th Nov 2019

Last Price @ 12047

What a #crack from 12150's to 12017 - Next fall starts below 11980 or sell at bounce close to 12100. No selling above 12100.
Dec 26
Trade active: 10:42 Hrs / 27th Dec 2019

Last Price@12204

Zone 12190-12210 is important zone -if falls below 12190 & later holds below 12190 then it can retest 12120 lows as of 26th Dec 2019 & going below 12120 - Next support comes in 12045-12050 zone.
Dec 29
Trade active: 11:18 Hrs / 30th Dec 2019 -

Last Price - 12251

Trading Strategy for next few days.

Nifty update : Zone 12255-12285 is important - Holding below this zone Index can slip to 12190-12200. Below 12180 for 12120 & below 12100 for 12045-1255. Below 12045 for 11850-11875. Buying only if sustains above 12285. Thanks
Dec 30
Trade active: 11:11 Hrs/ 31st Dec 2019

Last Price @ 12207-

1st target range achieved between 12190-12200. More below 12180. Let the #HappyNewYear #party🥳begin
Jan 01
Trade active: 14:18 Hrs/ 1st Jan 2020

Last Price @ 12172

Volumes are low. Moves will be tough & choppy. Below 12180- Possible 2nd target range 12100-12120 which could provide support to Nifty Index & avoid trading short or sell positions above 12200.
In zone 12100-12120 -If holds then bounce back can be expected back to 12180-12200 later. Thanks
Jan 01
Trade active: 09:34 Hrs/ 2nd Jan 2020

Last Price @ 12219

Unfortunately no move below 12180- so no sell but careful in buying as well if Index stops below 12240-12250 zone- chances of drop to 12100-12120 is still open. Thanks & Enjoy the day!
Jan 01
Trade active: 11:03 Hrs/ 2nd Jan 2020

Last Price @ 12230

Holding below 12240-12250 zone- chances of drop to 12100-12120 is still open. We have #bearish #Gartley

Risky Traders stops = 12263

Target 1 = 12178

Target 2 = 12150-12160

Target 3 = 12100 - 12120

Jan 02
Trade active: 11:44 Hrs / 2nd Jan 2020

Last Price - 12242

Day High - 12245

Entering into Risky Traders Zone - Avoid Sell Position or continue with stops suggested as 12263.
Better Sell if Index holds below 12240.
Jan 02
Trade active: 12:45 Hrs/ 2nd Jan 2020

Last Price @ 12257

Safe selling suggested below 12240 only
Risky Traders Stop taken 20 / 25 points in "Harmonic Bearish Gartley"

Supply zone still exist between 12250 - 12280 & Any fresh buy should be above 12300 trigger price which is the next psychological level. Thanks
Jan 03
Trade active: 14:12 Hrs / 3rd Jan 2020

Last Price - 12216

You should always take some profit home which is good to end the weekend. Thanks

Nifty - 65 points down
Sensex - 195 down
BankNifty - 400 down


-------------------------------------------------------------------------------------------------

Status Update as of 2nd Jan 2020

20:54 Hrs / 2nd Jan 2020- Kindly do not carry any open long or buy positions as you could be trapped at the top of the market. What is the top = That is the serious question which every bear is looking & bulls are ignoring. Thanks
Jan 03
Trade active: 15:10 Hrs / 3rd Jan 2020

Last Price - 12230+

Day Low- 12190

Hope you booked profits in the selling & See the bounce upside - That's the straight drive - Enjoy your weekend.
Jan 05
Trade active: 09:27 Hrs / 6th Jan 2020

Last Price@12088

Day Low @ 12069


Now you got why I suggested in status update as of 2nd Jan 2020 - Repeating the same

"Status Update as of 2nd Jan 2020

20:54 Hrs / 2nd Jan 2020- Kindly do not carry any open long or buy positions as you could be trapped at the top of the market. What is the top = That is the serious question which every bear is looking & bulls are ignoring. Thanks"

Breaking 12100 -----------------Next Support comes at 12040-12050

Below 12040-12050 - Need to review !!! - Thanks
Jan 05
Trade active: 10:00 Hrs / 6th Jan 2020

Last Price@ 12092

Came close to 12040-12050 Support zone at 12065 - Book your profits as it may bounce upside.

Next Sell starts below 12040
Jan 05
Trade active: 11:06 Hrs / 6th Jan 2020

Last Price@12073

It turned again downside -------Just below 12100 - 30 mins back" so 12100 is key level.
Jan 06
Comment: 11:41 Hrs / 6th Jan 2020

Last Price@12043

12040 -12050 is the zone which I suggested earlier for support so profit booking is advisable here & continue next if goes below 12040.
Jan 06
Trade active: 11:56 Hrs / 6th Jan 2020

Last Price@12032

Reaching most important psychological level 12000 - Don't expect more selling & wait for bounce or time consuming move which might kill your time. but Surely next sell take with bounce to 12100 & up. Thanks

Next move could be boring & time consuming. So wait for bounce close to 12040-12050 zone & above 12050 for 12100 -If stops then sell later. Thanks
Jan 06
Trade active: 12:13 Hrs / 6th Jan 2020

Last Price@12020

If it fails to stop at 11980-12000 then be careful as it may slip to 11850 which can surprise everyone & bears they get stuck badly
Jan 06
Comment: 12:14 Hrs / 6th Jan 2020

My Bad

Sorry ------------------ "Bulls get stuck badly" who expected bullish scenario for markets
Jan 06
Trade active: 14:46 Hrs / 6th Jan 2020

Last Price - 11989

Index might fool bears now as it dropped below 11980 & bouncing back above 11980 so avoid any sell now at present moment
Jan 06
Comment: Status Update as of 6th Jan 2019

22:36 Hrs / 6th Jan 2020 - Nifty Idea - "Stellium Effect -How I cracked Nifty Index from the top at 12295- shall be published tomorrow post market.
Running commentary is going on in last idea - :Culmination point part 2.
Jan 06
Trade active: ______________________________________________________________________
Status Update as of Early Morning - 7th Jan 2020

______________________________________________________________________

07:22 Hrs/7th Jan 2020- #Nifty #sgxnifty is +68 points (0.5 % up).The closing statement yesterday @ (14:46 Hrs / Last Price - 11989) "Index might fool bears now as it dropped below 11980 & bounced" - Running commentary is going on in last Nifty idea.

_____________________________________________________________________
09:59 Hrs / 7th Jan 2020

Last Price @ 12132

Day High - 12152 at 09:45 Hrs IST

Nifty Index up 150+ points from yesterday's bottom 11975/11990 - reaching first hurdle for the day between 12135 - 12160 - so likely book profits if you took any long positions.

Next Trading Strategy

Plan A
Buy If crosses above 12160 with strict stops below 12140 later - Upside Target 12200 / 12230-12240

Plan B
Sell in the 1st Hurdle zone 12140 - 12160 with strict stops above 12160 - Targets downside - Target 1 - (12100) / Target 2 - (12040-12050)
Jan 06
Comment: 10:10 Hrs / 7th Jan 2020

Some places typing error could be present such as "Year 2019" - instead of "Year 2020" - Apologies for the same. Thanks
Jan 06
Trade active: 11:18 Hrs / 7th Jan 2020

Last Price@ 12064

Its a century in the Nifty Index & Bank Nifty - 3 Ton falls - 300+ points from day high

Reached all targets in Plan B Sell 12140-12160 for 12040-12050 --------Current low is 12053

12040-12050 is support zone - further selling only below 12040-12050 zone. Thanks
Jan 07
Trade active: 13:36 Hrs / 7th Jan 2020

Last price - 12028

2nd selling below 12040-12050 gave 30-40 odd points -

Next selling strictly below 12000 or expect upside bounce for 12050/12100/12140-12160+

Bank Nifty was wiped out from the tops & we were fortunate to sell at the day high
Nifty gave us 275-300 points
Bank Nifty 600 points gain
Jan 07
Trade active: 14:41 Hrs / 7th Jan 2020

Last price@12037

1st Target - 12050 reached

It is struggling to hold 12050 level - if it can cross 12050-12060 zone with little power it will reach 2nd target 12090-12100 zone upside in buy call as suggested with stops below 12000.
Jan 07
Trade active: 08:37 Hrs / 8th Jan 2020 -

How wave taught me that we are looking for such corrections in middle of Dec 2019

So, Updated status as of 2nd Jan 2020
-------------------------------------------------------------------------------------------------
20:54 Hrs / 2nd Jan 2020- Kindly do not carry any open long or buy positions as you could be trapped at the top of the market. What is the top = That is the serious question which every bear is looking & bulls are ignoring. Thanks
-------------------------------------------------------------------------------------------------

Would Nifty crack to 11500/11000- Iran attacks US Air Base making tougher for bulls ?

11th Dec 2019 - Penultimate Wave,

24th Dec 2019 - Market Possible Top at 12295

7th Jan 2020 - Most Volatile Session of 300 points captured both way as suggested above.

11th Dec 2019

24th Dec 2019

7th Jan 2020
Jan 07
Trade active: 8th Jan 2020

last price @11980

Avoid sell if holds above 11950 - Sell only if stops at 12050-60 or Sell close to 12140-12160
Jan 07
Trade active: 09:45 Hrs / 8th Jan 2020

Last price @12031

Suggested not to sell if holds above 12050 = which you need to "Buy" with strict stops of 12050 & below
Reaching our 1st Target zone - 12050-12060

Crossing above 12060 only ---------------------------------

It can push to 12100-12120 where we will little cautious & book all profits to see market reaction
Jan 07
Trade active: 09:52 / 8th Jan 2020

Last Price- 12005

It was close to 12050-12060 at 12045 just now - be careful !!! - It is a downtrend market every bounce or buy is to sell later as suggested above. Thanks
Jan 07
Trade active: 10:10 Hrs / 8th Jan 2020

Last Price @12000

Suggesting once again - Traders should be careful of volatility & have strict stops while trading.

Short Term Traders can expect upside bounce again between 12050-12060 If Index crosses & holds above 11990-12000 zone. Remaining to hold above 12000 will be caution !
Jan 08
Trade active: 12:02 Hrs / 8th Jan 2020

Last Price - 11970

So 11950 is key level as suggested at start of the day - see current low as 11951 -Holding that level strictly -we can expect 12000/ 12050-12060 & above
Jan 08
Trade active: 12:34 Hrs / 8th Jan 2020

Last price@11989

Picking again at the bottoms at 11950 - Wow! -----------Risk /Reward ? Risk was 10 points -gain is the open sky. Enjoy your lunch & bye
Jan 08
Trade active: 14:37 Hrs / 8th Jan 2020

Last price@12005

Last hour of Trading. We started with 11990-12000 zone as important so follow same - moving above 11990-12000 we expect 12050-12060 & above 12060 for 12100-12120. Thanks
Jan 08
Trade active: 07:08 Hrs / 9th Jan 2020

Good Morning!

Nifty Update

Smooth talks From U.S. Post Iran attacks goes inline with the bounce expected above 11950 & we opened for 12000/ 12050/12100/more above 12120 yesterday.

SGX is 80 points up. Gap up day expected.

We shall be cautious in 12100-12120 & later 12180-12200 zone to decide our next course of action.
Jan 08
Trade active: 11:03 Hrs / 9th Jan 2020

Last Price@12183

Day High @12187

As suggested in morning - we reached 12180-12200

Risky Traders who can afford to lose 10-20 points as stop they can sell in 12175-12185 but careful & cautious once it starts moving above 12185/12200 maximum risk in this trade. No selling if crosses 12200.

Safe Traders
They should sell once Index starts moving below 12175.
Jan 09
Trade active: 11:12 Hrs / 10th Jan 2020

Last Price@12283

No More Buying or Long Positions - If crosses 12300 Then long can be taken for 12335-12350 only.

Coming up with "USDINR Video Idea - Next Path" in few mins from now & shall discuss its impact on Equities. Take Care & Enjoy your weekend.

Thanks for all support !
Jan 10
Trade active: 13:00 Hrs / 10th Jan 2020

Last Price - 12284

Take care in long or buy positions - Kindly do not hold "buy / long positions below 12300"
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
OK, Thank you .
Reply
Great , Good analysis....
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ok . Thanks for the update .
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Sir looks like 12200 might be taken out. Nifty Bank is stronger.
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@gameofmoneys, So, that's why suggested that don't trade at all if Nifty holds above 12175 (Safe Traders). Bears should enjoy tea & snacks meanwhile and Risky Traders who can trade between 12175 - 12185 with strict stops above 12200 - Going above 12200 -we assume Bulls have not finished their business yet. Thanks
Reply
Touched 12176 and I think 12120 support will be tested .
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@boindala99, No. Please do not assume anything in such situations else it might trap you big.
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boindala99 AbhishekHSinghCMT
@AbhishekHSinghCMT, I understand . Thank you .
Reply
Thank you
Reply
@krihar, Welcome
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