AbhishekHSinghCMT

India Nifty--Gulab Jamun Zone Back -8550-8570

NSE:NIFTY   NIFTY 50
332 18 8
4 months ago
As per previous update-- I am waiting for a pull back in the zone 8550-8570--which is my sweet spot (Gulab Jamun Zone)..Hope so we have that much appetite & can digest one more ..but have patience...I learnt this lesson of "having patience" in almost 7-8 Years....On a lower degree we have formed a bottom@8490...Here onwards...we shall look for a bounce in the zone 8550-8570...if you want to trade from top...

Trading Strategy 1- Let nifty             bounce to the zone 8550-8570 with strict stop loss@8597 --Look for 8430--8440 ...This is for Risky Traders who can afford to lose 30 odd point as stop...

Trading Strategy 2- If Nifty             Breaks 8490...Look for target 8430--8440 with strict stop loss@8566....

Regards,
Abhishek H. Singh, CMT
4 months ago
Trade active: 12:35 Hrs--IST--22nd July 2016-- Session High-8538-------Trading Strategy -2.....I am modifying it --to sell below 8470...as compared to selling below 8490...Regards...
4 months ago
Trade active: 13:50 Hrs--IST--22nd July 2016-- Session High--8543...Close to A-Wave Top..Current Rate--8528
4 months ago
Comment: 14:20 Hrs--IST--22nd July 2016--Current price--8541...Session Low--8507...Please do not trade...Its all risky & very volatile..Even Experienced guys get trapped...Let it fall first or come to top zone as per trading strategy -1...where one can take risk of 30 odd points then only trade. Regards, Abhishek
4 months ago
Trade active: 14:30 Hrs--IST--22nd July 2016--- I cannot update faster than market movement...but still I guessed it correctly A-Wave Top@8543...Then a fall in B-Wave--8504....Then we are heading for C-Wave ...Which will kiss our trading strategy-1 ...where are already planned for selling...as per morning update
4 months ago
Comment: Sorry for typo--"where we have already planned for selling"
4 months ago
Trade active: 15:15 Hrs--IST--22nd July 2016--- C-Wave is still incomplete....this could be a possibility of opening gap down...but we can't do much ...Yaa ..if we get a chance to sell in the range 8550--8570...strict stop loss --8595 + 2 Ticks...Have a nice weekend...Regards, Abhishek
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
Imprimus
4 months ago
Setup, Looks nice to me. :)
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mithun15
4 months ago
thank you for the warning
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You are welcome
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mithun15
4 months ago
your updates are timely for sure....thank you
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AbhishekHSinghCMT PRO mithun15
4 months ago
You are welcome
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KunalDasLIONOpenNetwork AbhishekHSinghCMT
4 months ago

Dear Bro,as per your analysis r u expecting gap down..expected levels as per EW...thanks
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
Yaa ..we should 70-80 chances are their that gap down could be expected but markets are very weird...can't bet on gap downs & gap ups
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KunalDasLIONOpenNetwork AbhishekHSinghCMT
4 months ago
That's true...Bro..also GST results expected Wednesday
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
If we go below 8500...we are going down...that is for sure
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
Also..The Way Nifty is doing up down up from 8480--90 levels ...its not good for bulls...this looks that Nifty wanted to buy some time...mean time Euro has also done with its correction...both are moving in sync...

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KunalDasLIONOpenNetwork AbhishekHSinghCMT
4 months ago
Most ironical part this expiry there hasn't been any decent retrace meant compared last months where due to Brexit or other factors we had correction..but this month has been for bulls...very strong buying coming every time nifty tries to go below 8490 levels...
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
True
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
70% -I am sure Nifty should go down...sustaining below 8500--I will give 20%...10% in God's Hand...Market Forces...Buyers & Seller Flux...Regards
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KunalDasLIONOpenNetwork AbhishekHSinghCMT
4 months ago
True...also timely corrections good for healthy markets..thanks for ur advice and opinion
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AbhishekHSinghCMT PRO KunalDasLIONOpenNetwork
4 months ago
welcome
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Very nice update..since wave C still incomplete..will it mean opening gap down on Monday...thanks
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If yes to what levels of gap down r u targeting...ur advice will be of gr8 help...
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Dear Bro,as per your analysis r u expecting gap down..expected levels as per EW...thanks
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