Bank Nifty--760 points profit from 17470...One Leg Upside More

Bank Nifty- A Thrust is expected Upside & BN could kiss 18050-18070 above 18000...When I first found flag pattern just below 17470's that was the start of leg & slowly & steadily we had 760 points in our pocket which was planned & executed perfectly & 50-60 which is left more above 18000 shall make 800 points complete gain. In my comment section as I was executing the trades -I have updated real time with stop losses & profits to be taken. The best day was 8th June when I got 260--300 points in one day -which was one the most difficult pattern --I am fortunate that figured out triangle pattern so I was keen not to carry trades above 17990 & below supports & turning points were also calculated exactly to the neck. Hope so you enjoyed the rally & fun in this complete leg from 17470..Request you to like the update.

Regards,
Abhishek H.Singh, CMT

Comment:

12:00 pm-9th June 2016...Our Key Level Now for Intraday Long is 17854 --we will expect upside thrust...If you get that feeling of buying ...do join for the rally in 18000 home. Current Price -17935..Regards

Comment:

12:05 pm--9th June 2016...Nifty Key Level for the day--8180..Plan your shorts only if we get dip below 8180 mark...Current Price --8225..Regards

Comment:

12:40 pm--9th June --Pattern is doing time wise correction...consolidation ...unles BN goes below 17854 & Nifty Goes below 8180--One should avoid taking bearish view or sell calls. Regards

Comment:

Avoid Taking any sell calls as Nifty 8180 not broken & Bank Nifty has potential to trap...

Comment:

13:50 Hrs--10th June 2016 --Kindly Do not Short BN...as 17798 is not breaking which is key level now...Daily close only will confidence else...again BN will trap bears. Current Price--17865.. Regards