Nifty - The Power of M - Magical@11550

Review of last Idea
Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea.
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Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570 zone as

• Bullish Bat Pattern
  Bullish Alternate Bat Pattern
  

You can learn more about such patterns in Harmonic Trading Book Volume 1 & 2 by Scott Carney(Author).

Trading Strategy

Holding 11550-11570 as updated in status – it pushed in line & closed at 11600 mark. We look out for following targets
11675
11710
11760
11825-11850

Traders can plan to sell at the highs of 11675 / 11710 / 11760 but surely avoid selling if index moves above these levels as bulls could control the move.

Hoping for new all time highs with 11550-11570 holding as support downside.

Thanks for watching this video & your precious time.

Сделка активна:

20:54 Hrs 11th April 2019

Say Cheese Moment of the Day- Power of M at 13:36 Hrs / 11th April 2019

Сделка активна:

08:09 Hrs / 12th April 2019

Last Price@11596

Good Morning!

Intraday Supports are 11570-11575 & 11550-11555 - These are buying zones incase Index falls & holds in these zones -bias shall be bullish that means you can hold your buy / long position from these zones.
Upside Targets - Don't forget to book with updated level -11640-11645 / 11675 / above 11675 - book close to 11710 - above 11710 -book close to 11750-11760
& Plan Your Sellings at above mentioned levels if you see index halting & stopping.

Note - No Buying below 11550 --------------Critical Level as I have suggested that going below 11550 -slippage could be fast & furious taking it all the way to 11300-11325 zone downside & going below 11300 -it will attempt 11100-11125 zone.

Thanks & Enjoy The Day.

Сделка активна:

14:03 Hrs / 12th April 2019

Last Price@11619

Minor Resistance in 11620-11627 zone if fails to cross then look for a drop to 11600 & below 11600 to 11585 where buying can take place next

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14:19 Hrs / 12th April 2019

Crossed 11645 as well likely to kiss 11675 / 11710 next

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09:55 Hrs 16th April 2019

Last Price@11775

Toucheddddddddddddd 11760 ------3rd Target Upside

As per status update - SBIN also picked at 315.05 --- Wow! - Risky Traders - Are U lovin it ! - Currently Trading at 319.

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10:00 Hrs / 16th April 2019

Last Price@11769

Mini Target at 11775 - " If holds" on upside then look for slip downside to opening levels 11735-11710 & likely holding above 11690 is another buying opportunity next. Cheers!!!

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10:12 Hrs 16th April 2019

Last Price@11773

We most likely should touch 11825-11850 zone next so either it takes a dip & next buying or hold your buy positions open if keeps moving above 11775 highs & same goes with SBIN (state Bank of India) stock as well.

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11:55 Hrs / 16th April 2019 -

SBIN pukes -vomits from 319 to 315.60 just now -trading at 316.50-----Hot Trade!!! of the day

As suggested we look for a dip in Nifty / SBIN - Nifty is holding in 11775-11785 zone & SBIN mean time does the job of vomiting from top- now trading at 316.40

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12:19 Hrs 16th April 2019

Last Price@11774

Just Like SBIN Nice Fall from 319 to 314.80's - Nifty is not falling as expected below 11775

So, we are moving one notch below 11760 as support & look for upside push going above 11786 highs for our target 11825-11850 next or expect falls in Nifty below 11775

If Nifty keeps dancing in 11770-11780 ------ Sell only below 11760 next & look to buy above 11786 for upside targets

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12:45 Hrs / 16th April 2019

Last Price @11785

Nifty heading next to 11825-11850 once it starts moving above 11786/11787 highs our final target upside from 11550 - It was an amazing journey since 11th April 2019 when this idea started

Another Parallel stock - SBIN (State Bank of India)
This stock gave us 3 entry points to Risky Trader close to 315 as it was suggested in the status update.
Two selling points from 317.50 to 315 on 15th April 2019 - suggested risky traders to buy from 315 -now trading at 317.50

If you noticed SBIN had similar kind of fall in last 2 days close to our entry point which is 315 levels- Wow!!!

Hope you enjoyed the both -Index & Stock.