Welcome you all in the exciting update on WaveTalks !!!
As per the idea published on 12th Jan 2020 - Nifty : Stellium Effect (Stellium - Astro term)
Have Suggested Dow close to a primary top on 17th Jan 2020 & India Nifty made a top next week on 20th Jan 2020 - Looking for a fall close from 29500 which is psychological level update in later videos - just broke the channel convinced all bulls nothing is wrong & revisited - made new high above 29500 - Here's a catch !
Penultimate waves always have painful end. Time & again it has proved correctly - This time wasn't any surprise !
As usual Bulls convince themselves nothing is wrong & bears get excited but unfortunately market never listens anyone be it a bull or a bear - it just does what it likes the best!!! - Don't trade with emotions else you are calling for trouble.
Most Important clue suggested for proposed India Nifty Fall from channel top at 12350-12450 are mentioned below
DJIA - Dow Jones Industrial Average
Dollar Rupee - Expected move above 70.50 for 72.25 & above 72.50 for 74.50+
Nifty - Ab tera kya hoga ??? ( I still suggest don't be a bull neither a bear -never get excited in trades - control your emotions & trade what market tells you )
13th Jan 2020 - Dow Jones
25th Feb 2020 - Dow at 27081
10th Jan 2020 - Dollar Rupee Expected to fall on smooth talks post Geo-political tension between U.S. & Iran - meanwhile -both Global Markets & Indian markets rallied for new highs. India Nifty rallied from 11930 to 12375-12430- where caution was already suggested as channel top.
Nifty - Ab Tera Kya Hoga ???
Check the TradingView profile page for previous ideas at https://in.tradingview.com/u/AbhishekHSi...
Thanks for reading the update, your precious time & be careful in trading - don't listen anyone -neither bulls nor bears only practice hearing what price talks.
Nifty at channel top 12350-12400 -Ready for Big Move Down - Can this be a big C-wave ??? for 11500 -11600 / Below 11500 for 11100
Last Price @ 11713
There is a strong support zone in 11680-11715 - Don't Forget the History !!!
Post Corporate Rate Tax Cut on 20th Sep 2019 - Index had Sharp bounce from 10670's & rallied upside to halt in 11680-11715 zone so today's low @11680 can hold markets back.
Any further selling has to be in tranches - so next selling only below 11680- today's low.
"Don't listen anyone -neither bulls nor bears only practice hearing what price talks"
Thanks & Enjoy the Day.
Last Price @ 11729
Nifty Index bounced 6-8 points above day low @ 11680 - this was 2nd attempt of holding as support zone between 11680-11700
We are expecting upside push next if this zone is intact - Kindly manage your risk properly. Thanks
Last Price @ 11765
Minor Resistance & profit bookings can happen close to 11780's
Last Price @ 11693
Nifty Profit Bookings were done in correct time between 11750-11760 - later it falls to 11697 - Isn't this amazing !!!
Last Price @ 27360
Dow is up 275 points at the moment - Reason the Technical Bounce - Extend The Upper Trendline of the Triangle & See The Short Term Magic with your own eyes. Enjoy
Last Price @ 27015
Moving above 27000 on sustained basis - reversal is next what we expect towards
27275 - 1st Target
27525/ 27625 - 2nd Target (Above 27350)
28150 -3rd Target (Above 27650)
Idea is closed. Thanks for all support.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw