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Nifty- Bang On for 80 points- Double Top To Start The Fall

Atualizado

As expected in the zone 8580-8600- Likely we are putting a top- a double top- Amazing. The excitement which I run through- cannot be explained in words.

I am looking this sequence as ABC -but in premature stage- which requires further clues from the market.

Nifty- Alternate Count-Strong Bearish (need further clues)

Trade ativo

09:09 Hrs 11th Nov2016

Good Morning Guys

Gap Down to Start- Unfortunately Income Tax Raids yesterday has shocked markets.

Trade ativo

09:38 Hrs 11th Nov2016

Last Low@8392

No Shorts Please as we will wait for the bounce to sell. Only Risky Traders look to buy in this zone

Trade ativo

09:52 Hrs 11th Nov2016

Key Level- 8394 (should not be broken downside)

Low@8392 is holding & Nifty Spot has a support zone between 8390-8395, so we Nifty can look for a bounce after this gap down opening

I am very clear if you can afford to lose 10-15 points then trade else avoid

Trade ativo

11:36 Hrs 11th Nov2016

Last Price-8382

Nifty has taken pause -if holding shorts do not take bigger risk than 8420+ (1-2) points up as extended fall can have extended bounce back.

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13:01 Hrs 11th Nov2016

Last Price@8360

Excited as I had good fall from 8390's - Day's low@8352. We are at prior swing high, which was 8351- The rally, which started from 8002 on account of Trump victory. We will see whether this act as support or not.

Trade ativo

13:12 Hrs 11th Nov2016

Last Price@8385

Now at pullback we will see whether we will close our short positions or not

Trade ativo

13:41 Hrs 11th Nov2016

Last Price@8391

Looks like 8350 acting as support as Nifty turned very close from that level. But Likely, I will see we get to exit in that zone of 8350-8360.

Trade ativo

14:03 Hrs 11th Nov2016

Last Price@8362

Close to our desired Zone of 8350-8360 which is support likely let us book profits in Sell taken in the zone 8390-8385

Trade ativo

14:24 Hrs 11th Nov2016

Recent Low@8352

Done & Out- Bang on Target- 8350-8360 zone

Trade ativo

14:28 Hrs 11th Nov 2016

Last Price@8338

Prices are melting like hot cake -8300-8310 will be support zone now.

Nota

14:30 Hrs 11th Nov2016

Last Price@8342

Likely Risk Takers only carry their selling trades & others if booked profits from 8390 to 8350- avoid taking any shorts for the day.

Trade ativo

14:45 Hrs 11th Nov2016

Last Price@8318

Recent Low@8308
There is support in the zone 8300-8310

Trade ativo

14:50 Hrs 11th Nov2016

Last Price@8326

Possible to make a new below 8300 -8310 zone

Trade ativo

14:55 Hrs 11th Nov2016

Last Price@8326

Its possible to make a new but do not hurry if want to take a trade -let us if we get bounce close to 8350-8360 again

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14:56 Hrs 11th Nov2016

"new low" missed above

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14:58 Hrs 11th Nov2016

Last Price@

Bounce does not mean that you will buy - avoid any buying in current scenario

Trade ativo

15:06 Hrs 11th Nov2016

Day's Low@8288

Who is selling Nifty from Tops 8600?

Trade ativo

15:25 Hrs 11th Nov 2016

Day's Low@8285

Last Price@8300

Have a nice weekend - Nifty likely has strong support zone between 8280-8300 but next week MOnday-14th Nov2016 - is holiday & Truncated Week- So, Avoid taking any risk. Have a Nice Weekend

Trade ativo

11:57 Hrs 15th Nov2016

Last Price@8145

It is so eye pleasing to see a fall like this which happens once in a while. Bears are in full control

Trade ativo

10:38 Hrs 21st Nov2016

Last Price@7985

Now - You know it is impulsive because the earlier wave was 3 wave sequence bouncing from 8000 to 8600- look the fall- can it become aggressive- time will let us know.

Trade ativo

11:15 Hrs 21st Nov2016

Last Price@7950

What will happen if USDJPY joins the party. Japanese Yen becoming stronger will add more pressure on Asian indices. Nikkei will come to Nifty's Party. Wow

Trade ativo

13:03 Hrs 21st Nov2016

Last Price@7956

Going below 7940-7945 -Nifty may start further down move or holding 7940-7945 zone expect a bounce so that oversold indicators will be relieved for further down move.

UJ- USDJPY likely has put a double top at 111.18

If Japanese Yen becomes stronger against the dollar than Asian indices will be in pressure.

USDJPY- Can it be a double top@111.18? (180 pips + last wave)

Trade ativo

14:22 Hrs 21st Nov2016

Last Price@7960

Day's Low@7922

Liklet short term bounce could be expected in 8000-8025 zone for fall to resume later. Getting a dip to buy for the bounce with strict stops below 7928.

Nota

14:24 Hrs 21st Nov2016

Typing Mistake- Day's Low@7928

Trade ativo

14:57 Hrs 21st Nov2016

Last Price@7935

We got the dip, but looks risky to buy so I will suggest to buy only above 7955

Trade ativo

15:00 Hrs 21st Nov2016

Last Price@7926

Taking 10 points stop in small buying attempt with strict stops below 7928 but likely got a big move down below 8000 to 7930-7940

Now I shall wait to see further market moves

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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