UJ(USDJPY) & India Nifty- Update(Is it time to run away)…….

NSE:NIFTY   Nifty 50 Index
44 0 3
UJ( USDJPY             ) & India Nifty- Update(Is it time to run away)…….

UJ- has both opportunities long & short....One can make 200-300 pips if traded with proper dedication.

UJ as suggested from previous updates that we were looking for 111.90 as lowest target & beyond 112- we shall have 112.50—112.70 as second possible target.
These targets are still valid but we have to sweat out to earn as pattern which could be forming in this 4th wave can be a triangle & that is the reason it is taking so much time to even cross 111.35. Triangles are always patience testing pattern & one should not give up as we are clear that UJ has one more leg to go up & it could be minimum 111.90’s & beyond 112-112.10 can reach 112.50—112.70’s.

Trading Strategy:
Post triangle, it is always the last leg so there is a selling opportunity as well in the zone 112.20—112.50’s (once you get bearish confirmation) for target zone 110.60’s ---110.75’s.
If this 4th wave happens to be a triangle- we will make 100 pips atleast in current buying & 150-200 pips in selling opportunity which will follow immediately post rising from triangle.

India Nifty:
India Nifty             surprised everyone on 26th April 2016 –when it jumped 140—150 points making a low@7822 while jumping beyond 7950 to test very important supply zone 7970—7980.
In today’s session- index consolidated in narrow range while peeping out of 7980 couple of times in trading session whereby momentum indicators having started slowing down.
Traders to be careful in the session of 28th April 2016- Fed meeting effects as well as decision by BOJ(Bank of Japan) could make session volatile.

Short Term Traders
Short Term Traders to be careful as Index 7950 could show pressure

Long Term Traders:
One should take long positions If market sustains above 8000 for hour long time for targets as mentioned in previous updates-8200 to 8250( where C-wave             = A-wave             ).

Abhishek             H.Singh, CMT            

Comment: Index going below 7950 can be under pressure.
Comment: Patterns shown in India Nifty ....(Ending Diagonal) is so lethal that once identified...It can fill your bag & UJ (had a triangle which was in 4th wave--as per the update-there is always a last leg post triangle & possibility of retracing complete....USDJPY as well crashed or Yen rocketed....Regards, Abhishek H.Singh
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out