India Nifty@27th May 2016--Kissing the important resistance 8160
Diupdate
As per previous short term analysis...I guessed it again that we have running triangle...w hich will explode on upside-our conservative target of 8160 is reached.
Let us be careful as this whole leg which started at 7717 can be retraced deep so be ready for the show.
Going below 8125 & 8114 ....Bulls ...Please pack your bags..& go home & relax...its our turn ...I am a bear so be careful.
Any fresh buying should take place above 8160 --Index should sustain atleast 15-20 minutes ...Regards,
Abhishek H.Singh, CMT
Let us be careful as this whole leg which started at 7717 can be retraced deep so be ready for the show.
Going below 8125 & 8114 ....Bulls ...Please pack your bags..& go home & relax...its our turn ...I am a bear so be careful.
Any fresh buying should take place above 8160 --Index should sustain atleast 15-20 minutes ...Regards,
Abhishek H.Singh, CMT
Catatan
Short Trades to be executed only below 8114....else we are having little bit more on upsideCatatan
The way index is holding above 8114....don't surprised ....guys who have put stop loss above channel resistance all will be taken & bulls will continue little upside...making new high above 8162Catatan
Going above 8162 current will fetch us more 30-40 points & target should be 8190--8200. Regards but be careful ...any move below 8125 is warning bell for bulls. Regards, Abhishek H. Singh, CMTCatatan
As suggested above 8160--we are long...Catatan
Intraday Long Targets should be between 8210--8215....one should book atleast 70-75% of their longs & do not create any fresh longs...we can expect 20--30 points above 8220 but be careful as indicators are slowing down...so leverage less.Catatan
Index should not go below 8125 for current intraday longsCatatan
Keep very low long positionsCatatan
There could be thrust downside ....keep in mind 8125 is very crucial & important...Intraday break also --bulls should be careful ...exit all long trades...Incase thrust comes downside & fails to go below 8125--one can add long with that crucial support.Catatan
Index whole day consolidated...looking for 8140 tomorrow i.e. 31st May 2016 with day's high stop ...Catatan
Be careful...If Index stays above 8200...it should touch 8250--8260
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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