Nifty- Support Zone 8770-8780 To Act as Resistance

16 Sep 2016

Nifty was struggling for the past 2 days- Likely we get upside move- we should be careful as it would go into the zone of prior support 8770-8780 when it was doing an uptrend shown as green arrows on left, that area could become polarity reversal zone in coming sessions.

TradingStrategy- Look out for Nifty to go into the zone 8770-8780 prior support to act as resistance but one should keenly watch that area & see for possible reversals. Another opportunity is going below 8704 -which was support level for yesterday shall push Nifty down- Likely looking for the zone 8640-8650

16 Sep 2016

Dagangan aktif

09:30 Hrs- Area of 8770-8790- Market opens with gap that doesn't mean uptrend has started unless monday gap area is protected - Likely its first leg down was completed at 8700-8690 zone & we are retracing back in Second leg - I will change this view once it sustains or go past 8850. Till then there will be another leg which shall start downside if 8850 is protected on top.

16 Sep 2016

Dagangan aktif

10:57 Hrs-16th Sep2016 Nifty 8850 could be the resistance _just went close by at 8847 Currently trading at 8838 going below 8820 -pressure will start building

16 Sep 2016

Dagangan aktif

11:05 Hrs 16th Sep2016-
Never be in a hurry for Markets or Train -accidents are bound to happen- Let market give us a signal so going below 8820 will be the clue that Nifty is looking for a downside.

16 Sep 2016

Dagangan aktif

12:07 Hrs- 16th Sep2016

At submicro degree -there is a sideways move happening -Likely market is going to push higher again -may be 15 -20 odd points in the zone 8850-8860 that will finish upside -you can start trailing your stops once it starts moving above 8850 & later if starts moving below 8834 -Nifty should look down but always maintain a stop of recent high from a risk management point of view.

16 Sep 2016

Dagangan aktif

12:30 Hrs -16th Sep2016
It has started a fall below 8835 support -could be pressure move & carry down to even fill the gap possibly till 8765-8775 with important resistance at 8850

16 Sep 2016

Dagangan aktif

1245 Hrs- 16th Sep2016 -Nifty should not move above 8846 otherwise - I will suggest to throw your short positions & take 10 points stop or continue downside till 8765-8775 with 8846 as critical for short term

16 Sep 2016

Dagangan aktif

13:20 Hrs- Nifty is at 8824 - Book 25% & Rest you should hold with stop at entry point which is close to 8835 + 2 points up

16 Sep 2016

Dagangan aktif

13:35 Hrs-16th Sep2016 - Boom It falls Makes a low 8795 looks to kiss the target zone 8765-8775

16 Sep 2016

Dagangan aktif

13:50 Hrs-16th Sep2016
Bang On Target

Nifty Kissed our Target Zone & the Gaps are filled -Low 8767

16 Sep 2016

Dagangan aktif

14:05 Hrs- 16th Sep2016

8750 - is a current session low -My invalidation level is 8725 for this session- I will likely watch for reversal trade from this zone of 8750-8760 but with strict invalidation level at 8725

16 Sep 2016

Dagangan aktif

14:28 Hrs- 16th Sep2016-

Current Price- 8771

Going Above 8780 or in the zone 8755-8762 shall be the zones for going long with strict stop below 8750

16 Sep 2016

Dagangan aktif

14:36 Hrs- 16th Sep2016

We will go long only above 8780 -Kindly do not take any long between 8755-8762 as mentioned above

16 Sep 2016

Dagangan aktif

15:01 Hrs

Nifty Goes Below 8775 - we will exit

16 Sep 2016

Dagangan aktif

15:04 Hrs

Current Rate - 8771
Maximum Risk taken should be 8760 for current long positions initiated above 8780 -else

16 Sep 2016

Nota

15: 06 Hrs

Bye & Have a Nice Week End

16 Sep 2016

Dagangan aktif

15:25 Hrs 16th Sep2016

Current Price - 8777
Carry all positions on your own risk -market gaps up & down is not in someone's hand

Regards