Nifty Turns from 9700-9725 - Look at past trading sessions -nifty halted in the zone 9700-9710. If Nifty holds this zone we can look Nifty to push intraday for 9790-9850- if extends upside then 9890-9920
When resistance turns its role into support which is the current case we call the zone as "polarity zone" & level as "polarity level" - useful for guys who are doing their CMT Exams.
But be careful of geo political tensions between America & North Korea.
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14:04 Hrs 11th Aug2017
Last Price@9702
Below 9700 Is risky to hold long positions. Bulls will be alive if it remains above 9700
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14:12 Hrs 11th Aug2017
Last Price@9700
Also remember - when harmonic pattern fails it will be sharp move on opposite direction so below 9700 -it has to move sharp downside for trader to take short positions or there could be trap downside for sellers- it can't drag slowly & slowly downside.
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17:38 Hrs 11th Aug2017
Last Price@9710
Only war like situation can make matters worse from here for Nifty immediately below 9680-9700 else if it sustains here then we should see some bounce next week. In war situation- it will be a gap down. We hope & pray that - There should be no war between U.S. & North Korea & matter is solved amicably.
Have a nice weekend.
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08:05 Hrs 14th Aug2017
Last Price@9710
Likely no bad news to start & we look for the upside as expected on 11th Aug2017 - staying above 9700-9710- the bounce.
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09:25 Hrs 14th Aug2017
Last Price@9760
Opens Gap Up! Awesome
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09:47 Hrs 14th Aug2017
Last Price@9779
Day High@9790 - Kisses our 1st Target
Looking for a pullback - if I get it in the zone 9750-9760 - I shall use it for taking long positions.
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10:11 Hrs 14th Aug2017
Last Price@9788
Holding 9775-9780 - Not going down can push nifty above 9800 levels & shall enter into our next target zone.
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10:40 Hrs 14th Aug2017
Last Price@9791
Turns exactly from 9775-9776 - Awesome!
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Last Price@9785
It is struggling to cross 9792-9793 so be careful as it is trying to give us some signal.
We should wait for clear breakout above 9792-9793 for an upside push else it goes in the gap zone 9718-9755 as of today & search for support.
Gap Zone should act as support to next set of moves.
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11:39 Hrs 14th Aug2017
Last Price@9787
By this time, one must have realised how important some levels or zones are - at present it is 9792-9793. It is not able to cross above that zone. If crosses above 9792-9793 - It will explode upside why? because positions build up tightly so don't hurry - let market show you the way & be ready to press + if you see excitement for upside else wait for downside support zone of 9718-9755 - Enjoy the Trading - Feel the Trading!
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11:52 Hrs 14th Aug2017
Last Price@9796
Crosses above 9792-9793 - Time to trail your stop loss - where?
Some time back it was dancing in 9780-9785 zone- we will keep stoploss below 9775 (1 point below) & enjoy!
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13:50 Hrs 14th Aug2017
Last Price@9797
Cash / Spot Nifty
Best Buying Zone for the day was 9775-9780 & 9790-9793.
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14:50 Hrs 14th Aug2017
Last Price@9813
Day High@9817
Looking for short term pullback with bearish Cypher between 9810-9825 for Risky Traders & Safe Traders can join below 9790-9793 Zone.
Trade closed: target reached
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14:51 Hrs 16th Aug2017
Last Price@9885
Target @9890 - Done & Out - 200 Points from 9680-9710 Zone.
@Bravetotrade, patterns have no favourites. They work equally well on all financial structures as I have been getting 85% strike rate with harmonic patterns. Obviously, you should avoid becoming emotional & tarde failed harmonic patterns also depending on situations.
OO ji oo , Nifty wholesale bhav mai hai ,
Aur retail ka bhav bhi ayega , tau aap decide karo kya karna hai .......
WaveTalks
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@neneram, After long time with wholesale bhav - hmmm!
Parasuram
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Where have u mentioned ur target levels?
WaveTalks
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@Parasuram, 2nd line of the main update above target mentioned- "Turns from 9700-9725 - Look at past trading sessions -nifty halted in the zone 9700-9710. If Nifty 0.68% holds this zone we can look Nifty 0.68% to push intraday for 9790-9850- if extends upside then 9890-9920 "