India Nifty@23rd May 2016- Reaching close to 7680 – A key level

India Nifty@23rd May 2016- Reaching close to 7680 – A key level
If Index moves below 7745- it could get support in the range 7705-7715 & going below 7700- it can touch 7680-90 which is key level for the market.
Once we breach 7680- Index will confirm that it has started downtrend move. I shall be looking for the zones mentioned above as support zones where a temporary halt could be possible with important resistance@7890.
Incase, if we have pull back & index goes above 7890- then we need to come back again for analysis.
Trading Strategy-
Going below 7745—look for support in the zone 7705—7715 & 7680—7690—Intraday with day’s high as stop.
Regards,
Abhishek H.Singh, CMT
If Index moves below 7745- it could get support in the range 7705-7715 & going below 7700- it can touch 7680-90 which is key level for the market.
Once we breach 7680- Index will confirm that it has started downtrend move. I shall be looking for the zones mentioned above as support zones where a temporary halt could be possible with important resistance@7890.
Incase, if we have pull back & index goes above 7890- then we need to come back again for analysis.
Trading Strategy-
Going below 7745—look for support in the zone 7705—7715 & 7680—7690—Intraday with day’s high as stop.
Regards,
Abhishek H.Singh, CMT
Dagangan aktif
Take short only below 7730 now....Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.