Nifty- Complex Channel Correction Unfolding-Below 8775

NSE:NIFTY   Nifty 50 Index
406 17 13
Break below 8775 shall take Nifty             in the zone 8745-8755-there it should get support-once getting a support look for a price bounce till 8800-8810.

Remember Any Break Above 8820 will carry Nifty             upside in new zone or else if it gets hurdle close 8810-8820 zone -one can take a small stop loss above 8820 for targets again 8745-8755.

Selling close to channel top in the zone 8810-8820 with a strict stop slightly above 8825 for Targets 8745-8755

Abhishek             H. Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
super move ....following the line upside
15:30 Hrs-IST-2nd Sep2016- My God -High was 8824.10- This is seriously a dream -I saved my self going long- which I was interested only above 8825. This is called a trap which I visualized realtime. Regards
uttamtrader15 AbhishekHSinghCMT
Sir you mean bull trap...? or only for intraday?
Its was Intraday- as soon as we cross 8825- we will start zooming upside. Like we get a drop in the range 8745-8755- that is the best range to buy. Aren't you using an Indian version of tradingview- change the country symbol on left top corner or open https://in.tradingview.com - tradingview specially for Indian Traders
14:50 Hrs-IST-2nd Sep 2016- Going Above 8825 - Likely it should be in the zone 8850-8860
uttamtrader15 AbhishekHSinghCMT
Any long term counts?
Long term counts- Sorry, there are so many counts, which is why I am interested. Short term counts are currently working fine.
AbhishekHSinghCMT PRO AbhishekHSinghCMT
I am not interested in long term counts as there are so many -which I can count - something which can give money is short term so I am going with short term counts
14:32 Hrs-IST-2nd Sep2016- We won't take short if Nifty crosses 8815.
14:25 Hrs-IST-2nd Sep2016- Nifty touched the channel top- High of the Day@8809.40 - we shall look for some confirmation if Nifty wants to fall from here else going above 8825- It will go into a new trending zone.
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