AbhishekHSinghCMT
Short

Nifty Midcap-- Why Markets could be sitting on Time Bomb

NSE:NIFTYMIDCAP50   NIFTY MIDCAP 50
80 5 4
Since Feb 2016 low in the midcap@2633--It has moved to current highs @3640... Midcap             could be running into 5th (let say red wave -not shown or counted) within v-th blue wave-shown as question mark...which is within 5th Yellow Wave...so effectively we are into nested structure...5th red wave...within v-th blue wave...within 5th -Yellow Wave....& Seriously lot of Euphoria has been created ...At these times one has to be extra cautious...Anytime Bomb can explode....you know what happens when bomb explodes ...for sometime...you won't even realise what has happened & every one will start running for shelter....

One should also be careful with Nifty             as well.

Regards,
Abhishek H.Singh, CMT



Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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abhishek whether i should purchase lot of puts
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No Nitesh Ji...Biggest Mistake We Traders Do, is unless market confirms you --you should not...till the time 8470--8490 gets breached anytime next ...we have no confirmation that market will go down...Regards.
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We have to be cautious...& likely Take Profits Intraday wise wherever possible...Hope so,,no forgets Brexit Day...Market Opens Huge Gap Down...& we get stuck in overnight position.
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okk thankuuu vvv much but absolutely u helped me a lot i always keep ur advice in mind
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There is a possible daimond pattern in Nifty also....So we should be cautious..& Take Care While Trading..
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