AbhishekHSinghCMT
Short

India Nifty Update@20th May 2016- Expect Downside Thrust to 7750

NSE:NIFTY   Nifty 50
173 0 8


11:00 Hrs             Update

There is a triangle forming in red wave iv- so taking time as it is consolidation ..we shall expect downside thrust & target 7750-7755 intraday with stop@7838. This will achieve equality with yellow wave -i.

7750 can work as support-in that case we will see bounce back.

Current Price - 7795
Trade active: Ideally Nifty should not go above 7811...We will give some leeway & consider 7816 as stop for Intraday Trade...I have modified stop loss from 7838 to 7816....If hits ...Let us be out & take short once 7789 is broken to downside.
Comment: Thrust was seen but never made low which I was expecting....Kindly trail your stop losses to cost if taken short between 7800--7810...Do not stand in the short trade above 7810. Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out