Time Tuned Nifty
Time Tuned Nifty for 18 June 2015
Nifty did go on to battle at 8125+5 as perceived in my update yesterday, but bulls were unable to retain the gains in the closing hours.
What could be possible tomorrow during the intraday trade may be as below:
Open to 0940 - A pop to 8110-8120.
1045 to 1100 - A dip to 8030, which may further dip to a level between 7960-7950.
1415 to 1430 - A high, which may go to 8330.
7939 remains the SL for now for bulls. Any dip to 8030 (or to 7960-50) should be used to go long.
Today's high could be taken as datum by those who wish to ride the dip, not advisable though.
Review 19 Jun 2015 at 0930 hrs
It seems that 8330/8380 will be postponed for another day. High may be already in place. 8230 could be the extreme and above this, bulls may regain confidence.
Today is 19 Jun 2015, a day of high. Next low may come on 25 Jun 2015, which may or may not make a new low. Keeping 8230 as SL and going short. I must hold till 25th or till 8230 is taken out.
Review 19 Jun 2015 at 1015 hrs
Shorts may be initiated now or may be held till 1100 hrs, where I will double up my positions in shorts.
Review 25 Jun 2015 at 0850 hrs
The high has not only extended beyond 19 Jun 2015, it has now reached a phase where it may continue higher. The rise may end on 17 August 2015, with an intermediate high around 04 August.
8315 and 8420 will remain crucial for the respective side move.
Review 02 July 2015 at 0850 hrs
The high of 8480 becomes the key. If 8435 is breached, a possibility for a dip to 8310-8300 by tomorrow, expectedly at 1030 or later, will emerge. If 8300 is also taken, the possibility of a test of lows by 15 Jul 2015 will be highly probable.
8435/8300 and 8490 will remain crucial for the respective side move.
Time Tuned Nifty for 18 June 2015
Nifty did go on to battle at 8125+5 as perceived in my update yesterday, but bulls were unable to retain the gains in the closing hours.
What could be possible tomorrow during the intraday trade may be as below:
Open to 0940 - A pop to 8110-8120.
1045 to 1100 - A dip to 8030, which may further dip to a level between 7960-7950.
1415 to 1430 - A high, which may go to 8330.
7939 remains the SL for now for bulls. Any dip to 8030 (or to 7960-50) should be used to go long.
Today's high could be taken as datum by those who wish to ride the dip, not advisable though.
Review 19 Jun 2015 at 0930 hrs
It seems that 8330/8380 will be postponed for another day. High may be already in place. 8230 could be the extreme and above this, bulls may regain confidence.
Today is 19 Jun 2015, a day of high. Next low may come on 25 Jun 2015, which may or may not make a new low. Keeping 8230 as SL and going short. I must hold till 25th or till 8230 is taken out.
Review 19 Jun 2015 at 1015 hrs
Shorts may be initiated now or may be held till 1100 hrs, where I will double up my positions in shorts.
Review 25 Jun 2015 at 0850 hrs
The high has not only extended beyond 19 Jun 2015, it has now reached a phase where it may continue higher. The rise may end on 17 August 2015, with an intermediate high around 04 August.
8315 and 8420 will remain crucial for the respective side move.
Review 02 July 2015 at 0850 hrs
The high of 8480 becomes the key. If 8435 is breached, a possibility for a dip to 8310-8300 by tomorrow, expectedly at 1030 or later, will emerge. If 8300 is also taken, the possibility of a test of lows by 15 Jul 2015 will be highly probable.
8435/8300 and 8490 will remain crucial for the respective side move.
