Nifty@7th July 2016-- Bang On for the push in 8355-8365

7 Tem 2016

As per previous update"Nifty- Kissing the temporary resistance"--As soon as Nifty dipped below 8319--I Took Short ..but hardly few minutes --it made a low@8317.70 & started moving up at 8325..I realised something is wrong & immediately figured out that it could be irregular structure which is very tough to realise in running market -but did my best job for visualising the zone 8355--8365 ...Session High was 8361-62...Bang On...

Once Nifty starts moving below 8340--8345 zone - one can go short there or short at rise but do keep stop of session high from risk management point of view.

Regards
Abhishek H.Singh, CMT