Nifty - Destiny or Demand Leg@10900-10925

NSE:NIFTY   Nifty 50 Index
Hello All,

This is really exciting for me as well because I have no clue why it stopped exactly at 10921 in first hour of trading on 28th Sep 2018 - suggested on 27th Sep 2018. Hope you enjoyed 100 points push from 10925 to 11025 -What was that - Destiny or Demand from 10921.

Let's get started...

Key resistance zone 11035 - 11050

Key support zone 10850 - 10875

Any move above or below key zones mentioned above shall open respective market direction.

Previous Updates

Nifty - Market Opens -Magic Starts 10900 - 10925

Nifty - Naughty Nifty - Panic- Batti Gul (Target Done 11700-10900)

Nifty Revisiting Monthly Count @11760 Highs

Thanks for Reading
Trade active: 10:42 Hrs 1st Oct 2018

Last Price@10891

Day low@10961 - lies in 10850-10875.

Hope you guys have picked nifty futures in support zone suggested as support is always considered as buy and resistance zone is considered to be sell till the time it breaks in either direction.

One has to keep trading intraday if you get a chance to buy in support & sell in resistance zone.
Comment: 10:46 Hrs 1st Oct 2018

Last Price@10878

Pardon for using wrong figure - "Day Low - 10861"
Trade active: 11:10 Hrs 1st Oct 2018

Last Price@10859

New Low below 10850 - small dip

We will wait and won't hurry to take sell trade.
Trade active: 11:21 Hrs 1st Oct 2018

Last Price@10865

This was extreme bottom for the day -just went for new low@10847 but holding support zone is always buying opportunity for upside target -10950-10975
Trade active: 11:48 Hrs 1st Oct 2018

Last Price@10825

"If" you have taken sell -just take care only of level 10850 -once it starts trading above that level - you better be out or high chances of re visiting zone 10950-10975.
in other words
You can hold sell call till the time it trades below 10850.
Trade active: 14:22 Hrs 1st Oct 2018

Last Price@10950

Nifty Bounced 125 points from day low@10822

Bank Nifty Bounced 400+ points from day low.

Done - Take The Profits & Enjoy the day.
Trade active: 14:45 Hrs 1st Oct 2018

Last Price@10970

Day High@10980 +

If it fails to stop below 10980 & crosses above 11035 next - it could be early sign of new uptrend - Happy Bulls else we wait below 10980's
but again we won't hurry - Take a "Sprite" - as 'Sprite Bujhaye Only Pyaas...'
Trade active: 15:08 Hrs 1st Oct 2018

Last Price@11000

Trade closed manually: 15:18 Hrs 1st Oct 2018

Last Price@11010

Yet again we joined from the bottoms at 10825 - What a day! - As suggested crossing 11035 - we could be in early upside trend- Happy Bulls Day!
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ


Sir if crossed 11034 will it goes to touch 11234 ? and one more thing on sep 21 when market recovers from 10866 sharply will u consider it as wave or just spike ?
Very Nice Explanation, Sir will u able to place wave counts of Current Corrective Wave please.............
Wrong analysis...We are still in wave 4 ----And running fall is 4 C .....
@dirana, Cheers!
Your analysis is very good and I make it a point of going through your analysis every time you post your analysis on Nifty. Have something to learn each time, good for beginners like me.
@manojkrj, Welcome
Comment removed.
@nanosoft, Be careful of putting 3rd party link, as you may get moderated and chances of strict action.
nanosoft AbhishekHSinghCMT
@AbhishekHSinghCMT, well i posted it as both of you hv similar views. I watch analysis on YouTube and tradingview both as I am learning. Gyan jahan se mile lelo - my philosophy.
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