India Nifty@27th May 2016--Kissing the important resistance 8160

2016年5月27日

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

2016年5月27日

註釋

Short Trades to be executed only below 8114....else we are having little bit more on upside

2016年5月27日

註釋

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 8162

2016年5月27日

註釋

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, CMT

2016年5月30日

註釋

As suggested above 8160--we are long...

2016年5月30日

註釋

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.

2016年5月30日

註釋

Index should not go below 8125 for current intraday longs

2016年5月30日

註釋

Keep very low long positions

2016年5月30日

註釋

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.

2016年5月30日

註釋

Index whole day consolidated...looking for 8140 tomorrow i.e. 31st May 2016 with day's high stop ...

2016年5月31日

註釋

Be careful...If Index stays above 8200...it should touch 8250--8260