Nifty- Bulls Trap@8825- Irregular Flat Short Term Structure

AbhishekHSinghCMT Updated   
NSE:NIFTY   Nifty 50 Index
Likely it could become a trap which was visualized in real time trading session on 2nd Sep2016 in my previous update. I warned all my followers that -we shall look for a long position only above 8825. Nifty made session high@8824.10- Good enough to trap bulls.

Now, Immediate focus shall be downside with short term resistance@8825.

Abhishek . H. Singh, CMT
Trade active: 09:15 Hrs- IST-6th Sep2016

Opening Gap Up- Has been happening for Nifty - now for so many days. Always wait for a pullback which could be 8800-8810 important zone for targets above 8900.
Comment: 09:15 Hrs- IST-6th Sep2016- Staying Above 8850 is a good sign from small time frame perspective
Trade active: 10:20 Hrs-IST-6th Sep2016- Nifty is about to touch 8900- let us book & just wait outside markets. to get further way ahead.

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

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.