Nifty In between Range : Wait on Sidelines

NSE_EOD:NIFTY   Nifty 50 Index
309 7 5
Nifty Remain on Sideline :

Buy Above : 8350 ( Closing Basis )
Sell Below : 8000 ( Closing Basis )

View : Above 8000 - Nifty             is safe and could rally above life time high in coming months !!
But a break below 8000 might take Nifty to approx 7400 or below !!
INR - Trading above breakout & FII's Not buying - compounds this problem !!
i shorting @8375 .... now maintain short or long
AnbHfund ChandanPoddar
Short With sl @ 8360 !! Targets below 8000 !!
Buy Around : 8090 - 8170*
Sell Below : 8000*
(* Closing Basis )

Nifty completed it's a-b-c correction pattern from highs of 9100 to lows at 8000. Nifty is now moving in between range of 8000 to 8500. Wave 1-2 formation is forming up !! Look to long Nifty at current levels 8100 - 8200.

View: Enter with Long Bias !!

Watchout: Stop Loss remains 8000 !!
I see a break and possible harmonic pattern setting up...I come back
+1 Reply
AnbHfund WallStScalper
But now fundamentals are coming into play !! INR - breakout & FII pulling out !! Both are negative !! More downside ahead !! But as you said this pattern would even work if it goes a bit lower - that's bingo !!
WallStScalper WallStScalper
I see this Harmonic Pattern in Spe:
Yep ... Nice :)
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