8595--Invalidation Level ...Channel Top (Can EU Make Nifty Fall)

NSE:NIFTY   Nifty 50 Index
300 11 10
Channel Top as per the update-" Can EU Double Top Make Nifty             Fall" is still valid...We haven't seen any strong momentum in Nifty- which was expected above 8600 level..so Risky Traders were asked to take short in the zone 8580--8590 with stop loss( a tick above 8595)...We were expecting the fall ....Look we have started the fall....Risky Traders Enjoy......

.Regards, Abhishek             , H.Singh, CMT
Trade active: 13:35 Hrs--IST--18th July 2016-- Who ever missed do not rush to take short...aloow nifty to bounce back may be close in the 8570--8580 & then put a stop above 8595 for shorts...Regards, Abhishek
Comment: Sorry for typo error--"allow"
Trade active: 14:10 Hrs--IST..Current Low-8536...Looking for a bounce in the zone 8565--8575...to re-enter shorts....Current Price--8555....Regards, Abhishek
Trade active: 15:15 Hrs--IST--18th July 2016--Current Low-8511...similar to previous day's low...Market is about to close ...Risky Traders ..Can Hold With 8595 Stop & Those who have missed ..look to re-enter tomorrow...Safe Traders ...Who Have Taken Short @ 8550-8560 can book at current lows @8515 & come back tomorrow for more fun...Regards, Abhishek H.Singh
Trade active: 10:00 Hrs--IST--19th July 2016--Good Morning to all & Welcome to Indian Session...First --Key Level for the day--8536 (Remember --previous day's low where nifty halted for some time & bounced)..Trading Strategy -1: If Nifty bounces close to key level--one can take short with a 2 ticks stoploss above key level..for target- 8480-8485...Trading Strategy -2: If Nifty goes straight away down from current price of 8500 & goes below 8490..one should wait for 8480 also to be broken..& sustaining for 3-5 minutes for selling ..Trading Strategy- look for a bounce in the zone 8480--8490 zone to the zone 8525--8535... & flipping their position back to sell with stop loss above 8560 (2-5 ticks above)...Regards, Abhishek
Trade active: 13:50 Hrs--IST--19th July 2016--Magic of 2 ticks above 8536...session high@8537.05...I can't believe this...fall was sharp...boom down to the desired zone 8480--8490...makes session low@8476.70...Trading Strategy -1 as per 10:00 Hrs --Update...Bang On...We made a killer again..45-55 points...Current Rate Session Low--8476.70...Current Price--8490...Its worth taking that risk of 2 ticks stoploss below 8476 for Target of same zone 8525--8530...Regards, Abhishek
Trade active: 15:15 Hrs--IST--19th July 2016---Bang On..Nifty Rallied from Sweet Spot as per 13:50 Hrs Update...Bought again with 2 tick stop loss below 8476...Just Made a high@8537...Our Target was 8525--8530...Again 45 points....Regards, Abhishek ...
Trade active: 15:20 Hrs-IST--19th July 2016-- Current Price--8533....Did you took the sell again ...here in current zone...8530--8535......This Time with Stop Loss--8561 & Above...Unfortunately market is closing...Regards, Abhishek
Trade active: 15:25 Hrs--IST--19th July 2016--Risky Traders Should Carry with same stop loss as of 2 ticks above 8595 & carry their position...We have already traded 4- 5 times & right at every swing...Making almost 200 points in Nifty in just 2 days of trading..so its worth taking that risk..Regards, Abhishek
Trade active: 09:55 Hrs--IST--20th July 2016--- Good Morning to all, Current Price --8550..
Trading Strategy-1:.Intraday Traders can take little risk with stop above 8565...for targets--8480--8490....Trading Strategy-2: Going Below 8470...with stop above 8537+2 ticks ...Look for target 8400--8410 (Be careful & book partial if 8440--8445 holds)...Risky Traders as as usual...with stop above 8595...look for deeper targets...Regards, Abhishek
Trade active: 11:40 Hrs--IST--20th July 2016--Current Price --8553...Let us drop the risky call & wait for market direction...or look to sell in close proximity of 8586 +1 Tick as stoploss..Because going above 8586...Whole Structure will change....At present ...let us be out of that risky sell call taken at price--8550..Regards
Trade closed manually: Closed
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
I think 8575-71 might be a good point to sell as we will be ending our wave 5 of 5. Rest it depends on the market.
11:15 Hrs--IST--20th July 2016--Current Price--8550...Nifty is consolidating ...We have only 15 points to lose or even less with strict stop loss above 8565...going below 8535..will confirm the same & shall become less risky...Regards, Abhishek
brilliant ......i hope the short position works now
Too Good.
Hi Vinod...Post Brexit Low...I am also struggling to know the structure & have lot of paths in back of my mind & waiting for key levels to be breched on weekly basis then I only I will put these out...Sorry, Not much help to you at the moment. Regards, Abhishek
Nice analysis but what is the over all structure of the market. from the latest bottom after the Brexit.
What is "8287 coming"--means.....Current Price--8555...Regards, Abhishek
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