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As per the last update- as expected weakness in the nifty- got the move to yesterday's low@8507 which was close to our target zone 8480-8490 (some leeway should be given to markets).
What Next
Going above 8550 -Likely it travels back to the previous swing zone 8610-8615 - can be expected Intraday. If It gets resistance in that zone & nifty is unable to cross, then likely bears will return back for selling in that zone for targets below 8500.
Previous Update- Nifty Struggling between 8550-8600
As per the last update- as expected weakness in the nifty- got the move to yesterday's low@8507 which was close to our target zone 8480-8490 (some leeway should be given to markets).
What Next
Going above 8550 -Likely it travels back to the previous swing zone 8610-8615 - can be expected Intraday. If It gets resistance in that zone & nifty is unable to cross, then likely bears will return back for selling in that zone for targets below 8500.
Previous Update- Nifty Struggling between 8550-8600
Transaction en cours:
10:59 Hrs 18th Oct2016
Trading@8582
Likely It is heading for 8610-8620 where resistance will be seen next.
Trading@8582
Likely It is heading for 8610-8620 where resistance will be seen next.
Transaction en cours:
12:50 Hrs 18th Oct2016
Trading@8598
Heading for Target Zone 8610-8620
Trading@8598
Heading for Target Zone 8610-8620
Transaction en cours:
13:20 Hrs 18th Oct2016
Trading@8618
As expected, it is giving an impression that it could be leading diagonal & they are retraced deep, so it could travel 8850-8900 zones-possible, but we need to get some retracement back which can give us confidence of going long & holding.
Trading@8618
As expected, it is giving an impression that it could be leading diagonal & they are retraced deep, so it could travel 8850-8900 zones-possible, but we need to get some retracement back which can give us confidence of going long & holding.
Transaction en cours:
14:18 Hrs 18th Oct2016
Trading@8646
Session High@ 8650+
Exit All Long positions
Trading@8646
Session High@ 8650+
Exit All Long positions
Transaction en cours:
14:49 Hrs 18th Oct2016
Trading@8658
Even though the market is dragging upside, above 8650 those who have booked longs should wait for retracement for going longs as likely Nifty should go into 8850-8900 zone also watch on today's gap as support for upside moves in days to come.
Trading@8658
Even though the market is dragging upside, above 8650 those who have booked longs should wait for retracement for going longs as likely Nifty should go into 8850-8900 zone also watch on today's gap as support for upside moves in days to come.
Transaction en cours:
15:09 Hrs 18th Oct2016
Trading@8675
Leading Diagonals are always going to retrace that way - I just told even though I am long & took profits you should wait to get some correction for going longs again as most likely it will retrace in 8850-8900 zones.
Financial Markets never move in straight line.
Trading@8675
Leading Diagonals are always going to retrace that way - I just told even though I am long & took profits you should wait to get some correction for going longs again as most likely it will retrace in 8850-8900 zones.
Financial Markets never move in straight line.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)