India Nifty--Gulab Jamun Zone Back -8550-8570

22 Jul 2016

As per previous update-- I am waiting for a pull back in the zone 8550-8570--which is my sweet spot (Gulab Jamun Zone)..Hope so we have that much appetite & can digest one more ..but have patience...I learnt this lesson of "having patience" in almost 7-8 Years....On a lower degree we have formed a bottom@8490...Here onwards...we shall look for a bounce in the zone 8550-8570...if you want to trade from top...

Trading Strategy 1- Let nifty bounce to the zone 8550-8570 with strict stop loss@8597 --Look for 8430--8440 ...This is for Risky Traders who can afford to lose 30 odd point as stop...

Trading Strategy 2- If Nifty Breaks 8490...Look for target 8430--8440 with strict stop loss@8566....

Regards,
Abhishek H. Singh, CMT

22 Jul 2016

Dagangan aktif

12:35 Hrs--IST--22nd July 2016-- Session High-8538-------Trading Strategy -2.....I am modifying it --to sell below 8470...as compared to selling below 8490...Regards...

22 Jul 2016

Dagangan aktif

13:50 Hrs--IST--22nd July 2016-- Session High--8543...Close to A-Wave Top..Current Rate--8528

22 Jul 2016

Nota

14:20 Hrs--IST--22nd July 2016--Current price--8541...Session Low--8507...Please do not trade...Its all risky & very volatile..Even Experienced guys get trapped...Let it fall first or come to top zone as per trading strategy -1...where one can take risk of 30 odd points then only trade. Regards, Abhishek

22 Jul 2016

Dagangan aktif

14:30 Hrs--IST--22nd July 2016--- I cannot update faster than market movement...but still I guessed it correctly A-Wave Top@8543...Then a fall in B-Wave--8504....Then we are heading for C-Wave ...Which will kiss our trading strategy-1 ...where are already planned for selling...as per morning update

22 Jul 2016

Nota

Sorry for typo--"where we have already planned for selling"

22 Jul 2016

Dagangan aktif

15:15 Hrs--IST--22nd July 2016--- C-Wave is still incomplete....this could be a possibility of opening gap down...but we can't do much ...Yaa ..if we get a chance to sell in the range 8550--8570...strict stop loss --8595 + 2 Ticks...Have a nice weekend...Regards, Abhishek