India Nifty--I am B.B.--Diamond Pattern (Bulls -Take Care)

29 Jul 2016

Hello, I am Mr.Bear Boss(B.B.)

Rarest of Rare Patterns are -"Diamond Pattern"-when there is lot of euphoria in market..You won't even know -slowly & steadily it will keep attracting you...Diamond Patterns are expanding for first half & contracting in later half...but results are havoc...This is also true that we are not getting close below important swing lows like 8440--8470--8490 in current scenario..due to which we cannot confirm that downtrend has started....SO, One should really be on their toes & sniff every danger which could be knocking your door...Hello, I am Mr.Bear Boss(B.B.)-

Regards,
Abhishek H.Singh, CMT

29 Jul 2016

Dagangan aktif

14:35 Hrs--IST--29th July 2016....Current price--8537---Key Levels for Today...Once Nifty Breaks 8620...Nifty will attempt to kiss 8580-8590...On Top we will trade only If Nifty goes beyond 8680--8690...Regards, Abhishek...

29 Jul 2016

Nota

Sorry...Current Price--8637

29 Jul 2016

Nota

14:45 Hrs--IST--29th July 2016---Yes...Euro has also started to move in the last gasp...desperate to complete that deeper wave -ii....guys...tighten your seat belts....This Baby Euro is going take Nifty as well...Regards

1 Ogo 2016

Nota

10:49 Hrs--IST--1st Aug 2016-- Nifty close above 8700- crucial mark on daily basis then only we start thinking for further upside...but be careful...momentum is reducing...we yet don't have confirmation for shorts but yes going 8620..Intraday & closing below 8570 on daily basis will be crucial signal for bears in action...till then be careful keep taking profits at regular internals ---& do not take shorts ...it is tempting but you will get stuck..unless key levels gets broken...Regards, Abhishek

1 Ogo 2016

Dagangan aktif

11:40 Hrs--IST--1st Aug 2016-- I am searching for a distribution pattern...unless we see some kind of explosive upside movement above 8700...do not participate in bull rally further, infact take profits & come out & be alert...Downside also, we need either a thrust to start giving us hint that important top is in place, taking out 8570 & on intraday basis 8620--8630 ---we can take short trades.. Regards, Abhishek