My First Private Note

Time Tuned Nifty

Time Tuned Nifty for Jun 2015

Today on 26 May 2015, the fight was for 8365.9, which the bulls lost.

Tomorrow on 27 May 2015, the fight will shift to 8423.  Expected that the bulls will loose again.  A close above 8398 is highly likely.

1000-1015 could be the immediate high zone tomorrow.

The rising UTL lies at 8325 tomorrow and will also be the crucial level. 8345, 8450 and 8540 will remain crucial resistances for tomorrow.

27 May could be a possible high day for now.  28 May could be a day of low.

Currently, there are no high zones visible for Jun 2015.  The nearest significant high could be on 15 July and the peak may be around 08 August

There is one low zone on Jun 05/06 provided 8489 remains intact.  On that day, as low as 7990 could be targeted.

29 May 2015 1100 hrs

1145-1200 hrs is a possible high zone.  I do not expect Nifty to go beyond 8425.  Aim to go short between 8415-8425 for 8000.  SL will be around 8430, but will be kept mentally.

Jun/03-06 remains a possible low.

Today, the battle is for securing 8370 at close.  Let us see, who wins.

 03 June 2015 1230 hrs

The band of low has started from today.  Shorts should become cautious.  Critical zone is 8130-8140 and 7980-90.  If the former is reclaimed and sustained, initiate long.  Otherwise, remain on short side till 15 June 2015.

Today's close is critical at 8335.  Below this the bears will still have the upper hand. 

Extreme targets could be 9000 on the up and 7300 on the down side.

Adieus

Time Tuned Nifty

I had written in my initial post that I have severe constraint on the time that I can devote to this blog.  In past, I wrote few posts, which may have benefited some and may have confused many.  During the time since I wrote my first post on the blog, the constraints of time continued to be felt and now at this juncture, I am unable to find any more time to write the blog.

Due to these constraints, I have decided to discontinue the blog and convert it to a place of personal notes, which I can access from anywhere.  Other readers will be unable to see my posts after a week.

Inconvenience, if any, to any reader, is deeply regretted.

All the best to all of you and adieus.

What now?

Time Tuned Nifty

I had been sensing a high on 18 May 15.  Nifty did make a high, but did not go to the extent I thought it would go.  What may follow now is as below:

20 May : A low is scheduled and it may stretch to the forenoon hours of 21st.

Subsequent moves later, as much lower levels are likely to be targeted and higher levels may have to hold for some time now.  Key zones are 8380-8400 and 8200-8210.  Above the higher band, it may go on to make higher levels to reset the high.  Below lower band, it may even target 7300 or lower.  How and when?  Will emerge later.

For now, 1045-1100 is a high zone and may not cross 8380 for the day.

May 2015

Time Tuned Nifty

Time Tuned Nifty for May 2015

The current fall from 8844 is likely to continue till 20 May 2015.  Subsequent move will be a fresh upmove or a correction to the current fall will be visible later. 

For now, Bears should tighten the SLs on 20th.  Bulls should hold their horses till then before entering positions  with appropriate SLs.

After 20th, the targets I am looking at are 8370/8600/9100/9900 on the upside.  But before that, it  troubles me to notice that 5th of Wolfe wave is still incomplete. The fall may stretch till 8000 or a little lower, if it chooses to do so.. 

All the best to the readers.

PS: I am going to be very busy these days to be able to provide much help on the updates.  Readers must keep appropriate cover for any positions taken.