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

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.