Nifty - Stellium Effect - How I cracked The Top at 12295

Güncellendi
Trading Strategy

Plan A -
Sell in 12275 - 12295 strictly only for 12000 / 11900 / 11800 / 11700 / 11500
Method - Bearish Butterfly Harmonic Pattern / Channel Top

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Dow Jones Industrial Average Chart
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Plan B -
Buy Only above 12350 -If holds that means if goes above 12350 & falls below 12300 - Avoid holding buy positions - Continue Buy above 12350 for 14250 / 14800 / 15500
İşlem aktif
13:08 Hrs / 13th Jan 2020

Last Price @12318

Day High @12338

Index at crucial juncture - Plan B activates only above 12350 - So, Risky Traders what's running across your mind as crossing channel on upside - whole world will know it is extreme bullish scenario !!!

Take care & Have a wonderful trading week.

Channel violates if moves above.

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İşlem aktif
12:19 Hrs / 14th Jan 2020

Last Price 12345

Day High @12350

Intraday Trading Strategies

Safe Traders Selling
Going below 12320 / extending below 12295 would be signal for selling to safe traders

Risky Traders
They have been suggested to sell close to 12350 - No selling if goes above 12350 mark.
İşlem aktif
14:16 Hrs / 14th Jan 2019

Last Price - 12327

Intraday key level - 12320 is not breaking that is clearly suggesting it won't fall so selling happens only if 12320 / 12295 gets broken next. Thanks
İşlem aktif
15:07 Hrs / 14th Jan 2020

Last Price@12361

All long positions are for Intraday - avoid long positions if fails to hold above 12350
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10:00 Hrs / 15th Jan 2020

Last Price - 12299

First Target Downside comes at 12210-12220 zone - Next Selling below 12180-12200 or expect bounce upside above 12210-12220 if holds as support. Enjoy / Thanks for all support.
İşlem aktif
12:35 Hrs / 15th Jan 2020

Last price@12293

Day Low @12285

Avoid selling at day low -if you missed selling at start of the session- Trader should sell at next bounce upside as close as possible somewhere in 12340-12360 with stops above 12375.

One should never over trade else you get into sticky situation where to go down or up.

Thanks
İşlem aktif
13:50 Hrs / 15th Jan 2020

Last price - 12281

Nifty Index update

when new break down happens 2nd time as of today's scenario - allow index to move 10-12 points down then only sell that means sell if 12275 gets broken as it still looking doubtful to take more traps at day bottom - guessing a bottom is tough but I am doing my best.

It should keep holding below 12285 later once 12275 is breached downside as new selling opportunity.

Thanks
İşlem aktif
15:26 Hrs / 15th Jan 2020

Last Price @12349

Congrats for the bounce as suggested at day low @12280's - " Sell only below 12275" or Sell in 12340-12360 zone with strict stops above 12375

120 points for the day in Nifty Index - Selling Yesterday at channel top & Buying at bottoms.

Cheers & enjoy.
İşlem aktif
13:23 Hrs /16th Jan 2020

Last Price - 12350
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New Status Update
(13:13 Hrs / 16th Jan 2020 - Last Price @ 12351)Index at fulcrum level- 12350 that means important level - if goes below & have little power then it can slip in no time to 12200-12220 zone - Holding above 12350 - shall spend some more time with bulls.
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İşlem aktif
11:43 Hrs / 17th Jan 2020

Last Price@12347

Selling Already Suggested close to 12370's - Latest Status Update

11:06 Hrs / 17th Jan 2020 - Nifty Index ( Last Price-12375) - I still believe 12350-12360 is important zone & falling below the zone - It will most likely visits 12320 / 12250 / 12220. Thanks
İşlem aktif
13:27 Hrs / 17th Jan 2020 -

Last price @ 12359

Trend change from up-down / down-up will always take time so traders have to keep patience.
Sellers to be cautious only if Index moves above 12375 else you need to do time investment to reap the fruits.
Thanks
İşlem aktif
09:41 Hrs / 21st Jan 2020

Last Price@12217

Pukes from Throw Over of Channel Top at 12430 - Yesterday & Slipping 125 Points downside.

What Next ?
If Index holds above 12180-12200 zone - Traders should book profits & continue sell only below 12180 -12200 zone next - if it holds below the zone else it can surprise the street by making or close attempt of all times highs at 12430's.
İşlem aktif
10:59 Hrs / 21st Jan 2020

Last price @12177

Avoid Selling if Index consolidates close to 12180-12200 zone - moves holding or going above 12200 -It can relieve markets from oversold conditions -Taking Index as high as 12290-12300 / 12350-12370 / Above or close to 12430 - which is all time highs.

Thanks & have a wonderful day ahead.
İşlem aktif
12:59 Hrs / 21st Jan 2020

Last price@12188

Market is consolidating that does not mean you should trade all directions - if market is taking -it is always advisable we should also take rest.

Consolidating for an hour + between 12180-12200 zone

Going above 12200 or 12165 as key levels will initiate or respective direction trades.

Buy above 1200 & Sell below 12165. Thanks
İşlem aktif
13:21 Hrs / 21st Jan 2020

Last Price@12188

Warning Bell !!! - Nifty Index failing to cross 12200 - so be careful

Keep in mind -It is very important for Nifty to cross 12200 & stay above if it fails to move above 12200 & slips below 12165 -It will crack more on downside. Last price.
İşlem aktif
14:47 Hrs / 21st Jan 2020

Last Price@12190

Just Turned upside above 12165 - Getting Resistance at 12200 - What Next ?

If you are a smart trader you will sell at tops of the range which is 12200 & buy close to 12165 which is bottom range but that too not frequent trades & later join which ever side it breaks
That means direction trades which takes big on either side below 12165 for 12050-12070
Above 12200 for 12280-12290 zone.
İşlem aktif
09:35 Hrs / 22nd Jan 2020

Last Price@12190

Opened Gap Up & reached 12225- It would have been better if 12190-12200 zone holds for bulls to get some relief.

Unfortunately, Markets don't listen anyone so we should start listening to markets what it is trying to tell us.

Index is in middle of choppy move & failing to hold 12190-12200 would be early sign for negative / sideways bounce.

Anything above 12200 shall be good as short term bounce.

Downside below 12160-12165 - It can slip to 12050 - 12070 as suggested yesterday.
İşlem aktif
10:35 Hrs / 22nd Jan 2020

Last Price - 12133

Profits Time !!!!!!!!!!!!!!!!!!!!!! - Don't miss what you get.

Book Your 60-70 Points Profits --------- If you took sell at the tops between 12190-12200 as suggested an hour back.

Next Selling once 12120-12125 is broken
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10:42 Hrs / 22nd Jan 2020

Picture Time - Say Cheese!

Photo Shoot just below 12200 - warning suggested since yesterday - careful below 12200

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Photo shoot at day Low at 12125

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İşlem aktif
10:58 Hrs / 22nd Jan 2020

Last Price @ 12146

"If crosses 12160-12165 ------------&------------ Holds above then only we expect upside push in tranches means 12180/ 12200 - later we decide if goes above 12200

Else -------------------- Not able to cross 12160-12165 ---------- Selling Resumes Back for 12125 - 12120 / 12050-12070 target as suggested in Morning. Thanks
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11:19 Hrs / 22nd Jan 2020

Last Price @ 12134

Next Selling only below 12120-12125 zone. Thanks
İşlem aktif
12:55 Hrs / 22nd Jan 2020

Last Price @12131

Expecting Bounce from 12120-12125 zone as suggested in Morning updates above !!! or next Selling below 12120 - with selling pressure.

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İşlem aktif
14:04 Hrs / 22nd Jan 2020

Last Price @12124

Never get emotional with price - Index has done good job of holding in 12120-12125 for almost 2 hours - 12 pm to 2 pm so if it breaks down then one can trade on downside for 12050-12070 but careful as 12130 as stops later as going above 12130 - It will attempt 12200 / 12280 & higher levels
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15:01 Hrs / 22nd Jan 2020

Last Price - 12114

Take further selling only below 12095 or close all sell calls either ways markets are about to close
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15:26 Hrs / 22nd Jan 2020

Last Price @ 12106

12095 protected on downside as suggested 30 mins back. Good Bye
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09:34 Hrs / 23rd Jan 2020

Last Price - 12159

It was second chance to buy today above 12095 !!!

Yesterday's level 12095 - wow !!! - It opened gap up today & came on top of 12095-Holded & bounced to 12142 ---- 12165-12175 would be next halt -if stops book partial profits in long position taken yesterday or today morning as Risk was only -1 point

If crosses 12165-12175 zone on upside - carry your long positions for 12210-12225 zone
İşlem aktif
09:57 Hrs / 23rd Jan 2020

Last Price - 12167

Wow!!! ------- Nifty Index halted in 12165 -12175 zone - high so far is 12178 !!! if zone holds upside - Index drops to 12120-12125 our yesterday's zone

or crossing above 12178------ it could attempt 12200-12225 as suggested above. Thanks
İşlem aktif
10:21 Hrs / 23rd Jan 2020

Last Price @12162

Bounce Expected Yesterday above 12095 ---------------- Gave 2nd chance today at 12095 ------ which market never does!!!

Bounce done exactly in 12165 - 12175 zone --------- Halts for Tea break

If upside zone holds then we expect 12120-12125 zone to be revisited or crossing above 12178/ 12180 ------ Index shall attempt 12200-12225 zone upside

Happy Start for the day !!!

22nd Jan 2020 ------- On closing
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23rd Jan 2020 ----------- Early Start
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İşlem aktif
10:59 Hrs / 23rd Jan 2020

Last Price @12129

It's a century 100 + for the day in Nifty Index - What a opening !!!

Fall done very close to 12120-12125 zone as expected from upside zone 12165 - 12175 zone

Keep in mind - Markets don't care what we think -------If by chance Index drops below 12120-12125 - Traders have to be careful else holding 12120-12125 zone - We expect bounce again to 12165-12175 zone upside
İşlem aktif
11:21 Hrs / 23rd Jan 2020

Last Price @ 12124

Let us not get excited as lose our focus------- Next Selling only below 12088 or chances of bounce still exist for 12165+
İşlem aktif
12:25 Hrs / 23rd Jan 2020

Last Price @12145

3rd Time in a row - Moving in line - Got bounce so far 12125 to 12150 - Trail your stops below 12140 to take some profits or if 12140 is protected then expect upside to 12165-1275 zone.
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12:42 Hrs / 23rd Jan 2020

Last Price @ 12161

Just Kissed 12170 - Wow!!!

Index Nifty in the zone 12165 - 12175 as expected ---150+ points currently running for the day.
İşlem aktif
12:50 Hrs / 23rd Jan 2020

Last Price @12155

Extremely Risky Call ------- Selling Strictly below 12160 for 12130-12135 zone or avoid selling at present. Thanks
İşlem aktif
09:52 Hrs / 24th Jan 2020

Last Price - 12203

Market Commentary for 24th Jan 2020 -

Another Important Resistance we reached which was 12225 - Today's high was 12221
So selling with 10-20 points stops is always advisable -----If you can afford to lose & Buy above 12225 for 12270-12290 zone target upside - Last Price - 12208 ---------Don't hurry in trades. Thanks

Holding 12225 Highs - Downside target - 12150-12160 & below 12150 - strictly for 12110-12120
İşlem aktif
12:07 Hrs / 24th Jan 2020

Last Price @12225

Nifty Index moves suggesting that it may cross 12300 & go close to 12350-12375 - also high chances of crossing 12430 highs which will coincide with "Budget- 1st Feb 2020"

We will review the moves only if 12150 gets broken downside & 12100 which are key & critical levels so far. Thanks
İşlem elle kapatılmış
14:57 Hrs / 1st Feb 2020

Last Price @11720

What was so bad about the Budget 2020 - Why did Index fell so hard ? Welcome the start of Wave - C

Hope, all those who trusted me - enjoyed. Thanks for all support till date.
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Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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