10:00 Hrs--IST--11th Aug 2016
Current Price-8578
Nifty---Amar ...Akbar ...Anthony(Looking for Your Support)....If Market Supports Anthony...You Know ..He had potential to become a superstar & he turned his dream into reality...So, Guys......
In Traditional Analysis--Its 3 point contact for a valid trendline----
Won't you support Anthony....in the range 8525--8540...Yaa in doing so...be careful Anthony should not tumble below 8518 with strong momentum...
Trading Strategy-1--- Look for a support in the range of 8525--8540...with stoploss slightly below 8515..One can go with Anthony for his life push towards...8700--8750 zone....back....
Trading Strategy-2--- Let Nifty Bounce in the zone 8600--8620...& fall below 8590...Putting a stop slightly above 8645...one can look for 8525--8540 zone ....where our trading strategy --1 gets activated....
Alternate Strategy-- If Anthony fails to get support & goes below 8518...in that case look for the momentum downside & can go short with stop above 8665..for downside targets of 8470--8480...
Regards,
Abhishek H.Singh,CMT