AbhishekHSinghCMT
Long

India Nifty--Boom...Have you heard the sound (40 points profit)

NSE:NIFTY   Index of the 50 listed India companies
80 6 3
Exploded from 8120--8162 in few minutes....That is the power of the running triangle.....Reached very important resistance ...I guess if we move below 8125..bulls pack your bag....
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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what would be the expected move of nifty in 1st week of June?
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I guess we are very close to making a top but no confirmation of going down...Think that It should once down & later again up close 8350 which is very crucial mark for the market...then deep down retracement....to 7200--7100 to form a super bullish structure
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close to 8350
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That is one assumption...but let us not guess as guessing can go wrong & we shall hold for market directions
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Your comments on Three soldiers candlestick pattern is requested

After a downtrend, there are three consecutive bullish candlesticks.
The bodies of the second and the third candlesticks should be of approximately the same size – if the third candlestick is visibly smaller than the preceding two candles, this means that the buyers are not completely in control and may indicate weakness among the buyers.

By your views it seems nifty top is capped at around 8240 - 8350
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Three White Soldiers is good candlestick pattern bookwise as any ..movement below gap up area of last candle can trap bulls so you can take this setup as good pattern with the risk that there should be no close below last gap up area. Regards
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