Long

Nifty-Alternate Bullish Call (Long Above 7980)

Updated

Nifty's bounce from 7822 from the crucial zone 7800--7825 was unexpected & gave sharp rise & touching previous high zone 7970--7980 which has been strong selling zone since Dec 2015. So, Once if it crosses 7980- Bulls can go long for targets 8025--8050 with stop loss 7924 once call is active. Long term Once we close above 8000- Bulls can trial the stop losses wherby expecting Nifty to touch upper boundary of the channel which comes in the zone 8200--825 where it shall complete equality target of its respective "a" wave (7517--7980). Regards

Note

sorry...once again for typo...Once we close above 8000 on daily basis. Bulls can trail the stoploss to keep moving for final target zone 8200--8250...This way long term traders can make good money. Regards

Trade closed manually

Do not take any intraday buy calls & close all positions@7975 or close to 7980 to exit with minimum loss of 5-7 points. Regards

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

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