Time Tuned Nifty
Time Tuned Nifty for 23 - 24 Apr 2015
In one of my previous posts "Finale 15 Apr 2015", I had mentioned low days as 20, 23 and 25. While I regret the mention of 25(being a Saturday) instead of 27, what I intend to bring out is the possibilities that may emerge within this framework. If the intent of Nifty is to indeed go towards 8140, then it may dip to 8230-8220 on 23 without breaching 8463, then subsequently it would come to 8380/8432 roughly before dipping again in the morning hours of Monday, the 27th to make 8140.
It may also happen that the entire setup I have narrated here turns into rubbish at the opening bell itself. Indicator would be a breach of 8463.
The timings for the high/low zone for these three days are as below:
23/1300 - Conflict zone. I expect it to favour a low and this is where the low may be made. May coincide with 8230. Confirmation will be a breach back of UTL of last channel sharply.
Time Tuned Nifty for 23 - 24 Apr 2015
Before I give the timings, let me touch upon some generic issues. Nifty seems to have gone into an ED from 8463 and has completed first two fractals of this ED. If this perception is correct, then Nifty is unlikely to cross 8463 till the ED gets completed.
There is a WW developing and the current fall is shaping the last leg of the pattern. If it indeed is developing as a WW, then it must go below 8160 roughly and 10 points of error on both side may be kept in mind for inaccuracies in my drawing. This apart, the last leg by itself may get completed at 8140 or so. As long as this leg gets below 8170, any number would be fine.
There is a WW developing and the current fall is shaping the last leg of the pattern. If it indeed is developing as a WW, then it must go below 8160 roughly and 10 points of error on both side may be kept in mind for inaccuracies in my drawing. This apart, the last leg by itself may get completed at 8140 or so. As long as this leg gets below 8170, any number would be fine.
In one of my previous posts "Finale 15 Apr 2015", I had mentioned low days as 20, 23 and 25. While I regret the mention of 25(being a Saturday) instead of 27, what I intend to bring out is the possibilities that may emerge within this framework. If the intent of Nifty is to indeed go towards 8140, then it may dip to 8230-8220 on 23 without breaching 8463, then subsequently it would come to 8380/8432 roughly before dipping again in the morning hours of Monday, the 27th to make 8140.
It may also happen that the entire setup I have narrated here turns into rubbish at the opening bell itself. Indicator would be a breach of 8463.
The timings for the high/low zone for these three days are as below:
23/1300 - Conflict zone. I expect it to favour a low and this is where the low may be made. May coincide with 8230. Confirmation will be a breach back of UTL of last channel sharply.
24/1300 - High zone. Provided 8230 is ticked on 23rd. Otherwise, this will have to change. A rise to 8380/8430 may be expected.
27/Morning hours - Low Zone. The fall may finish possibly at 8140.
All the best.
27/Morning hours - Low Zone. The fall may finish possibly at 8140.
All the best.
Ok falcon sir. What if it breaches 8463in the morning. What would be the counts then.
ReplyDeleteThe ED has already become invalid. The rise may now test 8510/8550 as C4 and then fall as a fresh C5.
ReplyDeleteLow may be over now.
ReplyDeleteNext rise may shave off the high. Minimum expected is around 130 and may go beyond 350 points, if it indeed goes past 8505.
ReplyDeleteThnx sir for the regular updates
ReplyDeleteNext rise may shave off the high. Minimum expected is around 130 and may go beyond 350 points, if it indeed goes past 8505.
ReplyDeleteI AM CONFUSE WITH THIS SENTENCE.. IT IS LONG OR SHORT CALL
There are no calls here AJ. I stated that there was a possibility of rise. So, if you do want to take the input, the action would demand going long. But for now, it is not really moving and when it does, it may go either side. If you are not already in, it is better to remain out and wait for 8550+ for going short or 8220 for going long...IMEHP.
ReplyDeletethnx lot sir very good explanation .. Nifty Tune to your level alwys..
ReplyDeletefalcon sir,i had red your other post on usdinr.the stoploss for moving towards 54 is 63.52?
ReplyDeleteIf it crosses 8415-20, in all possibility, the low is done for the day.
ReplyDeletetrget in that case wud be 8562 spot,i think
ReplyDeleteIf it closes below 8387, close all longs. Low in that case may come at 1000 tomorrow.
ReplyDeletesaved for the day.
ReplyDeleteRashmi, I am very poor at SLs. Choose yourself based on your risk appetite.
ReplyDeletethnx sir,i also follow illango sirs just nifty blog,gives good insight for this.
ReplyDeleteMay be panic down after infy result towards 8280 then rise to 8480/8510... With Final Low on Monday .. ( My Thou After reading today review of S.falcon )
ReplyDeleteIn any case, I think the last I wrote about USD/INR must have been more than an year old. WOnder if the setup will still be valid.
ReplyDelete