Nifty-Alternate Bullish Call (Long Above 7980)

NSE:NIFTY   Nifty 50 Index
60 0
Nifty's bounce from 7822 from the crucial zone 7800--7825 was unexpected & gave sharp rise & touching previous high zone 7970--7980 which has been strong selling zone since Dec 2015. So, Once if it crosses 7980- Bulls can go long for targets 8025--8050 with stop loss 7924 once call is active. Long term Once we close above 8000- Bulls can trial the stop losses wherby expecting Nifty to touch upper boundary of the channel which comes in the zone 8200--825 where it shall complete equality target of its respective "a" wave (7517--7980). Regards
Comment: sorry...once again for typo...Once we close above 8000 on daily basis. Bulls can trail the stoploss to keep moving for final target zone 8200--8250...This way long term traders can make good money. Regards
Trade closed manually: Do not take any intraday buy calls & close all positions@7975 or close to 7980 to exit with minimum loss of 5-7 points. Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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