Nifty - Magical Charm (Totka) @11320Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Trading Strategy
Plan A - Sell below 11265 on closing basis as discussed
Plan B - Risky Sell close to 11300-11320 zone with stops above 11325
Downside Target
11000-11025
Below 11000 - 10940
Below 10890 for 10750
Below 10730 for 10620
Only further selling if double bottom@10585 gets broken
Commodities
Gold - Golden Triangle Journey- 2018Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which was expected in tha last published idea.
Also, If you get time -do visit the three places which appear to be golden triangle on India Map- Delhi , Agra (Taj Mahal) & Deserts of Rajasthan and explore more about Indian History.
Humayun's Tomb (Delhi)
Taj Mahal (Agra)
Jama Mosque (Fateh Pur Shikri)
Hawa Mahal (Jaipur)
Wish you once again Merry Christmas & Happy New Year 2019
Thanks for watching the video and your precious time.