Nifty - Careful at The Tops of 10K

NSE:NIFTY   Nifty 50 Index
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Video Description

In This Analysis, I have shown NASDAQ 100 Another Global Index which becoming messy upside & could also top out soon with wedge pattern- I suggest don’t hurry up & let the market show its own way down. Once Index starts falling we look for 8800-9000 as important support breaking that It can even test 6700 levels which was March 2020 low.
Previously, SP500 Index also checked which is giving the same impression of topping out- so, let it fall first- you just join the trend & don’t assume anything
Nifty could slip below 9950 for more on downside & take channel support close to 9400 levels if falls below channel then 9175/9000 levels will be tested
Going below 8800- Levels of 8000 will be on the menu.

Alternate Strategy
Taking support of channel close to 9400 could be a sign of explosive move upside for India Nifty which you need to take care – I back this strategy as I have done a lot of Portfolio stocks like TataSteel, ONGC , Reliance Industries etc.

Please check the profile page for analysis on major stocks

Trading Strategy

Sell Below 9950 for 9700 – Below 9600 for 9400 & further down if the channel gets broken to the downside.

Thanks for watching this video & your precious time.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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Hope everything good at your side. Awaiting next updates / new videos / new posts. God Bless.
+1 Reply
Your levels are amazing sir. One suggestion, if I may, it will help the beginners if you make individual videos (which you do) and not club two-three stocks and indices into one video. This may also work better for you to update and for your followers to check the updates.
@spbhatt, I am sorry as I have limited time. Cannot do regular update & club most in running or latest idea. Thanks for understanding
Guru Nifty has taken support at 9549 exactly as mentioned in the channl support and Same Like Nasdaq and S& P 500 also Seems it has taken a support of DMA 100

So Can we expect Nifty to sustain these lows DMA 100 above

We could see retesting 200DMA 10850 as the next channel Top
Hello, is there a next update on this video? can not see on your profile sir.
Your staus is absolutely right, your disccus idea dated 12 jan 2020 Nifty stellium effect.
Thanks for coming us with woderful idea about index . Thanks for your excellent efforts.
Vvvv nice analysis ur analysis are vvvv much helpful for me thanks
you were dead correct sir in this bull campaign....Thanks for ur analysis made great profit with patience...I guess my bet is it will go till 9400--9600 and than a new upside rally...Let us see what happens....Price bhagwan che....
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