Time Tuned Nifty
Time Tuned Nifty for 15 Jun 2015
Today is 15 Jun 2015 and as expected, Nifty is sitting at the lows of current fall. 7930-7935 could be the immediate support.
WW - The current fall could be the backtest of a WW that was formed in the previous fall to 7997. In addition, another WW has been completed from 8065 on 07 Jan 2015. Targets of both WWs are way North of previous high of 9119 and may go above 9800 with possibility to shave off 10K by Aug 2015.
The fall from 9119 may be either complete as a CT, or , it may just be E.a of this CT with b and c to follow. Immediate resistances are at 8300 and 8380. Above these, the rise may pick up pace for re-testing the lifetime highs.
Time-wise 15 Jun 2015 may see an attempt to test the recent low of 7940, which may stall at 7930-7935 band. If this happens, longs to be initiated for 8300/8380 by 19 Jun 2015 with a tight SL.
On 19 Jun 2015, if Nifty stays below 8380-8400, close all longs and go short. However, if it crosses 8400 and sustains, cover longs and hold.
Crucial dates-
15 Jun 2015 for a low.
19 Jun 2015 for a high. Look for 8300/8380/8570
13 July 2015 for a low. If remains below 8380 on 19 Jun, look for 7670/7500 else look for 8210/8120.
Review 16 Jun 2015
Battle of bulls and bears should now shift to 8125+5 points. In all likelihood, the bulls should win and push the battle zone higher towards 8380-8400 . Will they be able to sustain their gains may be clear on 19 Jun 2015. Bears should hold their horses and bulls should hold their positions.
Time Tuned Nifty for 15 Jun 2015
Today is 15 Jun 2015 and as expected, Nifty is sitting at the lows of current fall. 7930-7935 could be the immediate support.
WW - The current fall could be the backtest of a WW that was formed in the previous fall to 7997. In addition, another WW has been completed from 8065 on 07 Jan 2015. Targets of both WWs are way North of previous high of 9119 and may go above 9800 with possibility to shave off 10K by Aug 2015.
The fall from 9119 may be either complete as a CT, or , it may just be E.a of this CT with b and c to follow. Immediate resistances are at 8300 and 8380. Above these, the rise may pick up pace for re-testing the lifetime highs.
Time-wise 15 Jun 2015 may see an attempt to test the recent low of 7940, which may stall at 7930-7935 band. If this happens, longs to be initiated for 8300/8380 by 19 Jun 2015 with a tight SL.
On 19 Jun 2015, if Nifty stays below 8380-8400, close all longs and go short. However, if it crosses 8400 and sustains, cover longs and hold.
Crucial dates-
15 Jun 2015 for a low.
19 Jun 2015 for a high. Look for 8300/8380/8570
13 July 2015 for a low. If remains below 8380 on 19 Jun, look for 7670/7500 else look for 8210/8120.
Review 16 Jun 2015
Battle of bulls and bears should now shift to 8125+5 points. In all likelihood, the bulls should win and push the battle zone higher towards 8380-8400 . Will they be able to sustain their gains may be clear on 19 Jun 2015. Bears should hold their horses and bulls should hold their positions.
Thnx sir.what's a CT and A.
ReplyDeleteCT=Contracting Triangle.
DeleteHi !
ReplyDelete#cnx #Nifty #NSE Index with #elliottwave #Oscillator suggests #topping at 9119 http://t.co/lGFZQdl4Es, wave A in correction in play
I am not in the league of "Ashwini Gujral"s and "Sudarshan Sukhani"s Lalit ji. I have my shortcomings but I will live with them. Thanks for the input.
DeleteSir,amazing perception of the markets.I salute your understanding and calculations!!!
ReplyDeletethnx sir,for the regular updates inspite of ur busy schedule,what can be the immediate high on 4 aug?
ReplyDelete9100-9150
ReplyDelete