AbhishekHSinghCMT
Short

Nifty@7th July 2016-- Bang On for the push in 8355-8365

NSE:NIFTY   Nifty 50 Index
198 1 6
As per previous update"Nifty- Kissing the temporary resistance"--As soon as Nifty             dipped below 8319--I Took Short ..but hardly few minutes --it made a low@8317.70 & started moving up at 8325..I realised something is wrong & immediately figured out that it could be irregular structure which is very tough to realise in running market -but did my best job for visualising the zone 8355--8365 ...Session High was 8361-62...Bang On...

Once Nifty             starts moving below 8340--8345 zone - one can go short there or short at rise but do keep stop of session high from risk management point of view.

Regards
Abhishek             H.Singh, CMT
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
nice observation, lets see how this plays out...That was a 618 retracement on Fibs as well.
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