India Nifty@25th May 2016-- Look for Gap Up Opening

NSE:NIFTY   Nifty 50 Index
133 3 5
Global Update
The Dow Jones Industrial Average             surged Tuesday as a rally in financial and technology shares underpinned a sharp, broad-based stock-market advance.
The Dow Jones Industrial Average             DJIA             , +1.23% added 206 points, or 1.2%, to 17,698. All 30 of the blue-chip’s components traded higher, led by financial firms

The S&P 500 index             SPX             , +1.32% climbed 25 points, or 1.2%, to 2,073 as all 10 main sectors traded in positive territory.

Let us jump back to India Nifty

As per comment section of "India Nifty             Update of 24th April 2016--7680 a key level" –mentioned that we could start fresh upside move above 7740 which was my ruin point for shorts taken. As soon as we moved above 7740 in last half an hour trading for 24th May 2016—It hurriesd up to 7761.
Now., we have double bottom in place in the zone 7710—7720 so I was clear today that we shall exit all shorts above 7740 & shall move up.
Now, It looks that we will have gap up opening & could reach target zone 779—7805 which was mentioned as “c-wave” in previous update.
Abhishek             H.Singh, CMT

Comment: target zone 7795--7805
Comment: 7870--7880...we will book complete longs...Regards
Comment: Price is close to resistance area....7870--7880....Any bearish confirmation...look for pull back in the zone 7800--7810. Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Yes...look to book close to 7860--7880 ....
hisandesh AbhishekHSinghCMT
Thanks got it :)
GAP Up it is Abhishek ... :)
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