WaveTalks

WaveTalks - Nifty: On Cloud Seven- What Next?

WaveTalks Updated   
NSE:NIFTY   Nifty 50 Index
Short Video Idea - How waves unfolded since 8th Sep2021 & we enjoyed back to back all the waves since 15th Sep2021 when consolidation got over.
Next Key Level- 17598 / 17600
Trade active:
09:11 Hrs / 17th Sep2021

Good Morning All,

SGX Nifty is 90+ points. Nifty opening at 17709. Looks to extend upside to 17745-17760 zone.

If halts - small fall can be expected but careful 17650 is our key support & 17600 shall act as critical support.

Thanks
Comment:
09:45 Hrs / 17th Sep2021

Last @ 17725

Reached Expected Target Upside in 17745-17750. Day High @ 17749

Halting or stopping close to 17745-17750 - small fall expected as suggested.

17690-17700 looks minor support at present & holding that zone another push upside expected to 17760 & crossing above 17760 - it can push to 17795.
Comment:
09:57 Hrs / 17th Sep2021

Last @ 17742

Reached close to 17760 ------------New High at 17755 -----------failing to cross 17760 - small fall again to 17690-17700 & Below 17690 - it can slip to 17650-17675 zone downside.

Where it will search for support. Thanks
Comment:
11:02 Hrs / 17th Sep2021

Last @ 17777

High @ 17793

Target done upside close to 17790 - moving above 17760 as suggested last.

Expect a fall to 17690-17700 & Below 17690 - Fall can extend to 17650-17660 zone.

Thanks
Trade active:
11:26 Hrs / 17th Sep2021

Last @ 17730

Fall started & reaching down close to 1st objective or target zone 17690-17700 as suggested last

Trade active:
11:51 Hrs / 17th Sep2021

Last @ 17700

2nd Target Done at 17650 ----------------Day Low @ 17647 ---------Wow!!!

Holding Support Zone 17650-17660 - Bounce has started for upside again & Possible for another all-time high above 17793

Halted close to our key support suggested in morning update - 17650

Trade active:
12:27 Hrs / 17th Sep2021

Current Low @ 17587

Last @ 17642

Critical Zone -17590-16600–--Holding close to the Critical Zone - Upside bounce can be expected for 17790+

If the Critical zone gets violated or breached & Index fails to take support close to 17590-17600 then the structure has to be reviewed back later.

Comment:
12:41 Hrs / 17th Sep2021

Typing Error - Critical Zone 17590-17600. Above mentioned as 16600. Apologies.

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

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