Time Tuned Nifty
Time Tuned Nifty for 17 Apr 2015
The High/Low zones for tomorrow the 17th of April 2015:
0930 - High zone (Should not go above 8715)
1030 - Low zone (8685/8660/8625 may be on cards. But at this time if Nifty holds above 8685, longs may be initiated)
1130 - High zone (If Nifty is trading below 8685 at the previous low, this high may test 8700 and only if starts to trade above this level, the target can be shifted for 8765. If Nifty is already trading above 8685, 8765 should be the target)
1345 - Conflict zone (This may have a high or a low or both with lot of volatility. Downside targets could be 8645/8600/8535. Upside targets could be 8725/8835)
Note: These timing would change if the extremities of the past move change. Readers are requested to use discretion while trading on these views.
Time Tuned Nifty for 17 Apr 2015
The High/Low zones for tomorrow the 17th of April 2015:
0930 - High zone (Should not go above 8715)
1030 - Low zone (8685/8660/8625 may be on cards. But at this time if Nifty holds above 8685, longs may be initiated)
1130 - High zone (If Nifty is trading below 8685 at the previous low, this high may test 8700 and only if starts to trade above this level, the target can be shifted for 8765. If Nifty is already trading above 8685, 8765 should be the target)
1345 - Conflict zone (This may have a high or a low or both with lot of volatility. Downside targets could be 8645/8600/8535. Upside targets could be 8725/8835)
Note: These timing would change if the extremities of the past move change. Readers are requested to use discretion while trading on these views.
Oh lord,so very confusing.this volatility will kill us.
ReplyDeleteI think the low is done and a rise of 120 points should come from here.
ReplyDeleteI think going long from here, with 10 points SL, should fetch juicy returns.
ReplyDeleteHigh zone shifts to 1345-1400.
ReplyDeletegreat sir!!!
ReplyDeletenifty seeems highly manipulated
ReplyDelete8625 ns achieved
ReplyDeleteYes. Even did 8597.
ReplyDeleteHello falcon!plz post yr take on nifty for expiry.also plz read ramki Ramakrishna's interview on money control.com.he gives gud ewave analysis
ReplyDeleteRashmi, I am no professional or anywhere close to being a master as Mr Ramki Ramakrishna is. But I try to do my due diligence with whatever little knowledge I have gathered from some of the best that I have personally experienced. I will rather arrive at these figures myself than relying on figures given by someone else. Because I find most of these inputs become history before they come to a common man like me. I wonder if Mr Ramki mentioned about this dip to anyone on the day I was howling my throat out that Nifty is likely to dip. I have seen the EW myself long back and do keep a track of it. What Mr Ramki is quoting is just one of many possibilities that exists right now. Can anyone trade based on these MT views especially in options? I have my doubts. I have myself talked about these figures long back in September 2014 and in some other posts later at http://niftytradesetup.blogspot.in/2014/09/nifty-04-september-2014-last-week-did.html. Problem with me is that I have stopped relying on the intent of any professional. I will prefer my own lack of knowledge with an intent that is known to me rather than relying on a professional, who makes these statements when half or more of the move is already done and in some cases when the moves are already ended. For example, he quotes 8560 now, when we are already below 8600. What is the use of this input, when the subsequent input is a MT input, which is of no use to me as well as to any trader. I know a few whose intent is clean and would like to rely on them and derive the inputs myself. I really do not know Mr Ramki to trust his inputs and the timing of these inputs. Add moneycontrol to it and I would run from it at a speed of a jet aircraft.
ReplyDeleteThnx falcon,I truly respect ur view.I would like you to give ur views on nifty.I am stuck in longs from friday.if u feel markets to go down more ill close my position.thnx Rashmi
DeleteRashmi, if Nifty falls and sustains any level lower than 7590, it is likely to test 8525/8400/8350 by 21 possibly. It needs to rise above 8640 and sustain for any indication of bullishness. If it does this, then a ST high could come around 1300 hrs on 20. If it does happen, covering positions to the calls must be taken.
DeletePS. Even at the cost of appearing to be preachy, I would again like to reiterate that please learn to manage your trades independently. Closing your positions on my perceptions or for that matter on anyone else's perceptions may not be the best thing to do. Who knows, you may be sitting on a jackpot, if Mr Ramki's perceptions turn out to be true in value and false in terms of time. Don't rule out the possibility of another pop towards 9000 so soon.
In any case, with me, the communications may again turn out to be one sided without notice if I get busy with my primary tasks, which hold much more importance to me....for you and the likes. This blog is just a hobby for me and can be handled only when I have some sparable time. I hope you understand.....:)
Also remember that if it has to really confirm bullishness from here, it should close tomorrow above 8780. But it needs to close below 8565 tomorrow to complete the pattern. Not mandatory, but desirable. Let us see, which path it takes.
DeleteThnx falcon
ReplyDeletehttp://niftytradesetup.blogspot.in/2015/04/possibilities-and-ww-20-april-2015.html
ReplyDelete8535 done.
ReplyDeleteTime and value both are approaching a point where thing may just become bullish anytime now.
ReplyDeleteYou were right. All media ppl just mislead the common investor. I guess your lower target's wil come now
ReplyDeleteIt may still test 8565 today. 8510 needs to be taken by bulls else more doom will follow.
ReplyDeleteSeems unlikely and seems now we may touch 8175 which is 200dema
DeleteNot relying on the day of low? High may come tomorrow 1300 or so. Further fall after that only.
ReplyDeleteOk. N after that high v again fall?
ReplyDeleteThat is what I expect.
ReplyDeleteThnx
ReplyDeleteFalcon sir. Nifty is only going down. Two more low days are left. Where can it go to
ReplyDeleteIt has done almost everything that I had mentioned. Will it go down further, I really wouldn't be sure. The key now is an upward breach of the falling channel. In any case, any bullish position should be held till clarity emerges.Holding your money is better than loosing it to someone else due to hasty decisions. I am expecting a pop to peak at around 1300 tomorrow. How much will it do? ....is a million dollar question. But I will not be hopeful for anything above 8510/8550 for now.
ReplyDeleteHmm. Today food have done huge buying in cash. But then we can't depend on that. But I am waiting for your target of 7980 -8000 on nifty to initiate buy, which may come in April or may.
ReplyDeleteSorry it's not food but fiis. This auto correct mode is a curse at times.
ReplyDelete