AbhishekHSinghCMT
Education

Nifty /Gold / USDINR - The Important Juncture

NSE:NIFTY   Nifty 50 Index
Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"


Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.

Wish You all a Happy & Colorful Holi


This video idea talks about long term outlook on various asset classes such as
Gold
USDINR
Nifty


& get some clue for these asset classes.

Starting with last stock update - Indusind Bank which was published in Jan 2020 & suggested the fall from 1565 to 1050 - all targets were done & stock touched the channel bottom at 913 lows. Kindly check the idea below

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Indusind Bank - Never miss channel bottoms
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USDINR Ideas
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24th March 2019 Idea - USDINR - The Box Match at 69

10th Jan 2020 Idea - USDINR - The Next Path (Holding 70.35 - Expect 72.25 & 74.50

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Gold Futures
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17th Sep 2018 Idea - Plausible 1350-1375 Zone
https://in.tradingview.com/chart/GC1!/bM...

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India Nifty
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29th Feb 2020 Idea - Nifty (India -Buy & Hold) - C-Wave or Corona Wave - What Next ?

12th Jan 2020 Idea - Nifty - Stellium Effect - How I cracked the top at 12295

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Thanks for checking the idea. Wishing you all once again a happy holi -
Comment: Status Update - 09:01 Hrs / 25th March 2020 –
Nifty update - "If" ............."if".....We get 700 /800 points move upside from 7650-7700 zone upside or crossing 8000-it travels 500 points minimum to 8500-8600-That will be early clue that minor bottom is in pace 7511.

Status Update – 15:38 Hrs / 25th March 2020 –
Nifty update – Join me for next Video Idea soon – “Wonder Waves– Picking the bottoms at 7700”


Status Update – 10:26 Hrs / 26th March 2020 – Last price - 8700
Nifty Made High at 8750 & completed 800+ points target. Index strictly holding below - "8700" can pull back to 8400 /8280 / below 8250 for 8150.

Status Update – 14:24 Hrs / 26th March 2020 –
Book Partial Profits in Sell below 8700 at 8550 ------Strictly holding above 8500 next –we shall look for 8950
Comment: 09:36 Hrs / 27th March 2020

Last Price @ 9015

As expected yesterday - Nifty touched our target of 8950 with gap up move & day high so far - 9038 (09:34 Hrs IST / 27th March 2020)

Record gain of 1500 points from the bottoms of 7700 - Please check all status updates which put on my profile page.

Hope it was wonderful journey for all the followers. Take Care & Bye - Have a nice weekend.
Comment: 14:56 Hrs / 27th March 2020

Last Price @ 8688

8450-8550 is strong support zone -----------strictly If Nifty holds & stays above the zone - It can attempt upside levels of 9000 / 9100 - 9200 / If moves above 9250 then 9400 -9500 is also as upside target next week.

Keep in mind support zone 8450-8550 .
Comment: 14:51 Hrs / 29th March 2020

Good Afternoon All,

Last Price @ 8660

Repeating that strong support is 8450-8550 - Till Index is above 8450 - It has all possible chances of reaching upside target of 9000 / 9100-9200 / If moves above 9250 then can extend to 9400-9500.
This buy call is not valid if Index slips below 8450- critical support level.
Trade active: 09:50 Hrs / 30th March 2020

Last Price @ 8500

Opening Gap down below 8450 - 8550 - made low at 8335 & bouncing next above 8450 - still keeps the wave alive for 9000 +

Only Risky Traders who can afford to trade in such volatile markets are suggested to watch for higher levels of 9000+ others who can't take higher risk should avoid trading.
Comment: Last price - 8396 / 13:33 Hrs / 30th March 2020

Opportunity close to day low at 8335 (Recent low - 8369)

Traders getting a chance close to day low at 8335 should be watched carefully. Just needs a kick & push for upside & it shall run on its own.
Comment: 15:13 Hrs / 20th March 2020

Last Price @ 8295

8350 - 8400 tried holding but failed as we are not getting the desired push upside atleast 100-200 points from bottoms- Last it was suggested only risky traders should trade.
Structure has become too messy.

So, closing all follow up.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Sir, what are the probable target on the downside, i mean on weekly or monthly basis how much downside can we see?
Thank you
Reply
@rooptv, Coming soon with next video idea - "Wonder waves -Picking the bottoms on 7700" could be tonight or early morning next day. Shall discuss in details.
Reply
rooptv AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you for replying sir :)
Reply
Thanks ji
Reply
Sir as you suggest 8450-8550 is a strong support. And today Nifty holds your prize action and close your support level at 8660. Is it clear indication for upside target 9000 and above?
Reply
Kudos ! thanks for your timely update
Reply
can you update mid term view on nifty.??
Reply
@SujeetJha, Apologies, I was on vacation & not available.
Reply
thanks for your time and effort sir...your ideas really helps to understand markets
Reply
@satyam15, Welcome
Reply
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