Dated :- 05.09. 2016                                 NIFTY SPOT : 8809.65

Nifty ultimately refused to come down and proved the breakdown to be the false one and rebounded sharply thus hitting the stop loss which is very rare thing in the history of the blog probably first time the initial stop loss is hit.

Well this is market and it is always right.

That is why there is a saying that Price is GOD.

Now What -

Now Nifty has shown the breakout on the upside.

The next targets are 8872 and 8903.

I would be stock specific in coming week and would like to watch Nifty's movement, that, how Nifty behaves from here. Whether it goes to 8903 or not. And if it goes there then whether it goes there without breaking 8760 again etc. etc.

Positioning of indicators in those scenarios etc.etc.

I will be watching Nifty in current week and will look for opportunities in stock where there are ample trade available.

  

Note :- All Levels are Nifty spot levels always.