Swarnendu_Mitra

Swarnendu_Mitra

Based on World Markets tonight, tomorrow we might open gapdown or give a low in the morning. If 11832 doesn't break, go long with 11832 as SL. Target ATH. Take trade as close to 11890 as possible.

Swarnendu_Mitra Updated 

Go long with 11570 CBSL (Day candle close below) . Target ATH. If SL hits, attempt another long near 11500 with 11480 SL touch basis. Final SL for long is 11420 touch. NIFTY remains bullish as long as 11420 is intact. Short the bounce only after 11420 is taken out for target 103XX/102XX.

Swarnendu_Mitra Updated 

Long with 11070 CBSL (Day candle close below) If SL hits, reverse and go short for target 102XX. Long target 117XX/ATH.

Swarnendu_Mitra Updated 

SL 11060 (Ideal SL day close below 11070) Go long For 117XX target. Can go to ATH also.. Only hurdle between entry and target(s) is Descending Trendline Resistance from ATH.

Swarnendu_Mitra Updated 

Details in the chart...

Swarnendu_Mitra

All three possibilities from here. Black & Green count point towards ATH, Red count is bearish towards 10300/200. NIFTY is making a bullish Flag on chart, so bullish counts are preferred over the red one. NIFTY has gap to fill up at 11381, so black count is preferred over the green one.

Swarnendu_Mitra Updated 

On a larger TF NIFTY is doing ED from 9951 and if one hrly candle closes above Friday's high, it's either going for 11490/11540/116XX (B of D of ED) or ATH (E of ED) . As long as a day doesn't close below 11100, I'd prefer to stay bullish.

Swarnendu_Mitra

If C4 was done at 11146, NIFTY might go for a bullish breakout soon. But, it's still not clear whether it'll be a journey towards new ATH, or just a good bounce before more lower levels. Still, it'll be prudent to go long on breakout, as even a bounce will be big enough.

Swarnendu_Mitra

If C4 was done at 11181, NIFTY might consolidate in a range trending downwards. Expect two more lows below 10636.

Swarnendu_Mitra

It's somewhat clear that C.3 was completed at 10782. But, it's not clear if: 1. C.4 was done at 11181 2. C.4 did WXY at 11146 3. C.4 is still running (not preferred, but possible)

Swarnendu_Mitra

As long as 10746 is saved, target is new ATH. Below 10746, more lows below 10636 is expected, but 10004 should be saved before new ATH.

Swarnendu_Mitra

As long as staying within the red channel, stay short Break out from red channel, exit short and attempt another short near black channel top Breakout from black channel, close short and go long.

Swarnendu_Mitra Updated 

Short NIFTY at CMP or near/around 11720 (if comes/highly probable) SL marked in the chart, but sustaining (day close) above 11720 will be a signal to cover at minimum loss. Target 11395-11306->>>>

Swarnendu_Mitra

Ideal SL is 11650 for this long trade, but it's still too far away. Not good RR yet. A more logical SL could be break and sustain of the next Trend line. Suggest long entry on sign of reversal as it is still bearish, or above 11880 for safe traders. Target new ATH+++ Short the hell out of NIFTY if Bank NIFTY breaks down on Monday.

Swarnendu_Mitra Updated 

Long NIFTY above 11714 with 100 points SL at 11614. Target 12000/12100++ Use Fibo levels to move TSL as shown in the chart. Have TSL on day close basis to avoid whipsaws.

Swarnendu_Mitra Updated 

SHORT NIFTY at CMP or above with an SL of sustaining above Channel. Target gap filling at 114xx. Buy there with SL sustaining below channel for another ATH and much more..

Swarnendu_Mitra

Between 11200-11350 is no trade zone. Short sustaining below 11200 for a minimum target of 10940. SL sustaining above 11350. Or else short as close to 11350 as possible if it's going up for a low RR trade. Sustaining above 11350, low done and reverse for 12K+

Swarnendu_Mitra

NIFTY most possibly doing expanded ED as W5 and D of 5 running which will go somewhere below 10940 and E will bring another ATH above 12K.