AbhishekHSinghCMT

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

Short
AbhishekHSinghCMT Updated   
NSE:NIFTY   Nifty 50 Index
12
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.

Regards,
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

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