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.
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.
Thanks a lot Sir !
ReplyDeleteRegards,
Thnx sir.what do you make of today's move with 8370 at a stones throw from 8331.
ReplyDelete8370 is a crucial zone. If it does not head towards 8400/8460 by EOD tomorrow and remains below 8370, then I will short for 8K or so. But if it goes above 8370 and sustains, I will be wary.
ReplyDeleteIntraday low zones at 1155, 1345 today and 1200 tomorrow.
ReplyDeleteAgain dancing to your tunes sir
ReplyDeleteNo Rashmi. It is dancing to its own tunes. I just happened to figure out some of it. And the way it is closing towards the ultimate target it may have some surprises in store for bulls. I am still trying to figure out, why it is reaching the ultimate limits so early and not around 20th. Is it going to dig deeper?
ReplyDeleteCan it be like this that if lower targets reached earlier,we may start moving up much before 20th or is it something else.
DeleteThere are possibilities for everything. Some indications or conflicts may emerge later. Filhaal, eyes down to 1200 hrs, a low zone. Another pending at 1400.
ReplyDeleteWhat a fall and still going on
ReplyDeleteWhat is today's level fr high low sir
ReplyDeleteAgain close to a very favourable risk reward zone. My SL for longs is 7994 strict. Longs can be initiated and held for tomorrow or Monday high. Low zone around 1445-1500 and immediate high would come tomorrow.
ReplyDeleteExcellent sir.stop saved at 7994 low was 7997.Do you still think we can reach we target 9000+ as posted in ur nifty blog.plz reply in view of nifty hns pattern and inr quoting at 64.24 as also the poor results of the Indian cos this quarter.warm regards
DeleteRashmi, 7994 will remain the key point for me. I am expecting a rise of 1300-2100 from hereon and atleast 520 points out of this should come in this expiry. What is bothering me is the low zone on 20th, but that may remain higher than the low made today. Why it bothers me is because it will come very close to the expiry.
ReplyDeleteThere are three Wolfe Waves. The one at the smallest degree is active and targets around 8150. The other two would get active when the smaller one meets its target. The second one has its sight trained on 8500 or so. Timings for these will emerge later but the immediate high zone in 1230-1300 tomorrow.
Another key point is a close above 8181 tomorrow. If that happens, things will change to bullish. Let us see.
Thanks a lot sir.
ReplyDeleteExcellent sir and now hoping for 8500by 20th.
ReplyDeletePlz post your views on nifty for now.
ReplyDeletehttps://www.youtube.com/watch?v=qyMH-B_Sonc
ReplyDeleteplz watch this
IMHO...that much is shear waste of time. Fact is, I do not know who the individual is. And I would still wonder, if he had sudden enlightenment now. Otherwise, why the volatility was not shown when Nifty was fluttering near 2500?
ReplyDeleteFact also is, that things are not so simple. They are much more complicated. I wonder why he omitted the volatility near 6357 when the markets fell to 2252. I can go on and on. As commoners, we need to educate ourselves. Remember it is one vs all in the markets. Once you put your money at stake, the entire world is aiming to get it. And you are aiming to get from everyone. That is the most basic fact of speculative market. Makes me wary all the time for quite some time. I listen to and discuss with very few individuals that can be counted on fingers of one hand.
That was quite a bashing.
ReplyDeleteBut I dont mind it.:))
Not at all a bashing Rashmi. Just a caution. As I understand, volatility in a range indicates indecisiveness. Subsequent moves may go either side. When will that decisive move happen, is anyone's guess.
ReplyDeleteFor now, a close below 8220 is dangerous for bulls. And I will not be surprised if the lows get retested. Remember, 20 th is a day of low. While the day of high on 15/18 doesn't seem to be yielding much.
Yes I know sir,but if the risk of lows is only till 20th then I'm prepared.at least we will see 8370 in this series.
ReplyDeleteLooking at nifty charts do you think we can go below 7997 in the three days of low yet to take place that is 18th,19th and 20th or has the low been made and we will keep shunting between 8150-8300 before any decisive upmove to start 20th onwards.
ReplyDeletesir,8370 crossed,can we think of 8600 now?
ReplyDelete