AbhishekHSinghCMT

Nifty- Buy Above 12625/12625 for 12770/12850

Long
NSE:NIFTY   Nifty 50 Index
This is short term view & holds valid till Nifty Index holds above 12625/12650 - You can expect impulsive move towards 12770/12850 - targets upside ( careful at tops) - if crosses 13K then structure has to be reviewed back. Thanks

You need to be careful as suggested in closing comment of Reliance Idea published last (mentioned below)

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Last Reliance Idea
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Trade closed manually: 11:55 Hrs / 13th Nov2020

Got small push upside today post making lows - 12600 (Approx.) - Index moved upside to 12725-12750 zone


Till the time it holds above 12625-12650 zone - Look for upside rally again to 12770 (Target 1) & Move Above 12770 for 12825-12850 (Target 2)

Later -Once Both the Targets get achieved -as a trader you need to be careful at the tops close to 12850 as Index can get resistance from "Trendline which is passing from 12430- Jan2020 Fall Happened"

Getting Resistance from the trendline - Index can fall - "So, Careful AT Tops"

Thanks & Good Bye- Wish You Happy Diwali
Comment:
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 finally you turned Bullish on Nifty! I absolutely meant No Offense, when you were giving Bearish Views (Isn't Elliot Wave Forecasting in Nature) as Yes one should be careful at the Tops but every so call Top you were assuming got Broken on Upside so far. Also Sir I don't understand why I got Blocked by you on Twitter just because I made a comment saying something like Nifty heading to All Time Highs when you were presenting a Bearish View on it. I respect your analysis and meant absolutely No Offense. Sorry if you found my comment offensive. I'm here to Apologize that's it. Whether you decide to block me or unblock me on Twitter is upto you Sir.
+3 Reply
bikramkm T_Harth
@T_Harth sir as per you analyses nifty will bullish on 13 November?
Reply
@T_Harth you are critizing without any logic and reason which you have been doing for long time so you were blocked and if you don't know my contribution for last 4 years than you should not comment at all.
+3 Reply
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, *criticizing
Reply
T_Harth AbhishekHSinghCMT
@AbhishekHSinghCMT, I wasn't criticizing for long time but if you think so fine, and I was giving logic also. I barely would comment. Sir if you can't take a Contra view against your view in Social media, then I don't know what to say. You will find many ppl like this some who are even Disrespectful. Take care Sir and Sorry if you got offended once again. Peace
+1 Reply
Analysis given by Abhishek is on price action and with solid technical analysis . You should see the movement in reliance today if paid attention to the idea given by him would have made 50 Rs at least both the ways. I do not agree with your comments
Reply
Nice one. Glad to see I had same analysis.
12840-60 and then 13000 are crucial for nifty.
+2 Reply
Thank you for your valuable analysis so far, we have gained good from your analysis. Happy Deepvali :)
+1 Reply
Thank you sir.
+1 Reply
Can nifty touch 13500 given on GDP and PMI nos, where until now we have seen Low urban consumption, second wave of Covid-19 impacting opening up of certain high contributing states to GDP.
Reply
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