Bank Nifty--Final Push up expected till 17825-17850

3 июн. 2016 г.

From Bottom 17350--I was fortunate to have patience yesterday i.e. 2nd June 2016-- & figured out 2nd wave correction. We have traveled 261.8% of 1st wave from 17350 lows...we shall look for another or fifth wave upside push in the zone 17825--17850 ...Currently we are running into 4th wave which can go till 17600--17625 (Support Zone)...Traders can look to buy at dips for target 17825--17850 ...Going above 17850--we shall get target of 17925..

Regards,
Abhishek H.Singh, CMT

3 июн. 2016 г.

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12:15 pm-- 3rd June 2016-- Bank Nifty trading at 17715...expect 100 points down to 17600--17625 where this 4th wave completes & then a up push. Regards

3 июн. 2016 г.

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12:22 pm- Even though I very confident that Bank Nifty drops 100 points from 17715 to 17600--17625 zone ...you should never sell but use buyng on dips as strategy....because any time market moves above up it will be fast so short time bears get trapped. Regards.

4 июн. 2016 г.

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11:26 pm--4th June 2016- Sustainable move above 17705 shall take Bank Nifty to our desired zone of 17825--17850...If you get 17800 as well one should book partial profits--If BN stays above 17850 then we can target area of 17925--17950. I am scared only for USDJPY & forex pair moves which happened in evening session on friday payroll data--USDJPY had severe fall from 108.20 -area which was strong support -break of 108.20 slipped to 106.50 (As if no floors-- 200 pips down with just a blink---One should avoid taking yen long positions -because it could be a trap-any movement above 109--will indicate that USDJPY wants to move up...same with EURUSD -any move below 1.1220-- can target for 1.0900 area. Regards

4 июн. 2016 г.

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11:35 pm--4th June 2016 --Our Index party will be spoiled if USDJPY goes below 105.54-which is key level. Regards

6 июн. 2016 г.

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8:30 am- 6th June 2016-- Good Morning, I am happy that USDJPY fall has stalled & crossed 107 -latest update- That can give some relief to our indices. Regards, Abhishek

6 июн. 2016 г.

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10:00 am -6th June 2016---Bank Nifty Looks positive till 17900-17950 zone...There is no confirmation that we are going down. Regards,

6 июн. 2016 г.

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12:00 pm--6th June 2016--BN going above 17750 should push till 17850 & above that we shall have 17930--17950 which should complete final push from 17350 bottom. Regards, Abhishek

6 июн. 2016 г.

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12:30 pm- 6th June 2016--- Only Above 17750 --we should be bullish else this can trap becoming distribution pattern so it is always better to trade once resistance is broken on top..Let market only show us the way & let us not predict.
Regards,
Abhishek

6 июн. 2016 г.

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1:00 pm-6th June 2016--- Once BN crosses 17750---It should thrust upside to our target zone 17850-17860....Regards

6 июн. 2016 г.

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1:00 pm-6th June 2015---Partial Target should be booked in the zone 17815--17825....Post Touching the zone put strict stop loss at 17685 because going below that level---it will start bleeding. Regards.

6 июн. 2016 г.

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23:30 Hrs-6th June 2016--- As soon as we went below 17685...there was sharp down movement till 17635...Kindly do not take this as start of downtrend...we are still bullish & upside leg is still pending ...possibly into the zone 17825--17850...Safe Traders can take long above 17762...Risk Traders can take long in the zone 17600--17625...after checking for bullish confirmation at your end. Good Night, Regards.

7 июн. 2016 г.

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8:24 am-7th June 2016---Good USDJPY...looks like it has started its up wave against low@106.35---which is good sign for asian markets. Regards

7 июн. 2016 г.

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9:00 am -7th June 2016---Sorry, There is a RBI policy so kindly trade post policy at 11 am. Regards

7 июн. 2016 г.

Сделка закрыта: достигнута тейк-профит цена

Unfortunately--BN opens gap up & close to conservative target--it might be risky to hold longs--no doubt it can spike post RBI policy but Now we should plan to sell.

7 июн. 2016 г.

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10:15 am--If nifty crosses 8235--One can get target of 8260--8270 or stay away & plan for selling. If 8125 level gets broken then one can get 8060--8070 as downside target. Regards

7 июн. 2016 г.

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11:35 am- RBI Policy Out--Repo Rate Unchanged....Do not Go long at these levels unless BN sustains above 17825 for 10 minutes

7 июн. 2016 г.

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11:55 am--7th June 2016---Bulls be careful.....

7 июн. 2016 г.

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12:45 pm-7th June 2016----It might be frustrating to miss this buy opportunity but It is always good to be sidelined as we are close to some top & It will attract & suck buyers...I just said be careful.

7 июн. 2016 г.

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Nifty Intraday Target of 8270 achieved....Regards

7 июн. 2016 г.

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13:20 Hrs-7th June 2016--- BN should touch 18040--18075 where it shall face resistance but while taking longs be careful.
Current Rate- 17950----Regards

7 июн. 2016 г.

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13:50 Hrs---7th June 2016 --BN current Price--17990...Book Complete & buy tomorrow for target 18040--18050 when retracement happens...Regards

7 июн. 2016 г.

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14:00 Hrs--- BN ...Now you should buy when it retraces & comes below 17900...possibly in the 17875--17900 for that leg of 18040--18050.....Which will be our final target

7 июн. 2016 г.

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14:50 Hrs--7th June 2016----Bang On...We drop exactly 90 points from 17992...make a low 17903....Here we could take support in the zone 17885--17920...for Target 18040--18060...with Strict Stop Loss--17799..(If this hits then 2 calls back to back...90 points down & 150 points up)...Regards

7 июн. 2016 г.

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15:15 Hrs--- Bang On....BN bounced from 17901....Book Intraday & exit if 17988 is not crossed ...Current Price 17960 ....Regards

8 июн. 2016 г.

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9:45 am- 8th June 2016---Good Morning....Unless 17798 is broken...look at your end to buy at every dips...Risk is losing 70 points but If starts moving above 17900--that shall be first clue that BN wants to move up & above 17990--for sure we will touch 18040-18060 zone. Regards

8 июн. 2016 г.

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10:00 am- 8th June 2016---Our Key Level--17798 should not be broken ...if prices start crawling which it is doing now-be alert....any up move could be very fast--like super sonic wave upside for target 18040--18060..(Almost 200 points up) Current Price -17880 --so, don't guess...Market itself should show the sign of moving up solidly.....Regards

8 июн. 2016 г.

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12:00 pm--8th June 2016-- BN is up 80 points from 17880 (Almost at bottom we picked up)...Current Price --17960... Regards

8 июн. 2016 г.

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12:15 pm--98th June 2016...We touched opening highin BN@17990...looks like there is resistance...we should book complete & buy only above 18000 ...or at dips 17850--17860...Regards

8 июн. 2016 г.

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12:30 pm---If BN takes resistance of 17990...we can look again in the zone 17850--17860 for a support....then buying again....Any Up move now will happen only above 18000. Regards

8 июн. 2016 г.

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12:35 pm-- Bank Nifty if goes below -17930-- 17935 then only take short ftarget 17850--17860 else only long please above 18000 for sure.... Current Price- 17965....Regards

8 июн. 2016 г.

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13:00 Hrs IST-- BN takes U-turn exactly from 17935.10---My Goodness........Awesome...Regards

8 июн. 2016 г.

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13:40 Hrs IST---Can you belief ...17990 again resistance....Now Trading at 17955....Awesome...Now It is moving in range 17990 on top & 17930 in bottom--Regards

8 июн. 2016 г.

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14:30 Hrs---Bang On...Look we got another small movement....17935 broke....17886 was low ...I expected 17890--17900....If you get buying opportunity in the range 17840--17860 then buy with strict stop loss@17798...else buy if BN crosses 18000... Regards, Abhishek

8 июн. 2016 г.

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14:35 Hrs---If you get a chance to buy in the zone 17890--17900 Buy with Stop 17854...Target will be again same 17990...Current Price 17935.. Regards