Time Tuned Nifty
Time Tuned Nifty for 28 Jul 2015
Nifty made a high of 8654 during the current rise and it seems that bears may have started to regain control.
However, it did start the downmove for the earlier defined low day of 27 July, which has now shifted to 30 July 2015. 8510-8520 zone again becomes crucial and will probably be the defining zone to indicate whether Nifty will make a new high in August 2015 (between 02-08 Aug) or it will go down to make a new lower low in October/November 2015.
What could be possible now may be as below:
30 July - A dip to 8175/8060 zone.
03-06 Aug - A rise to 8520, which may further go to a level around 9100, if 8520 is taken and sustained.
07 Oct - A low zone, which may correspond to 7000 or so.
A high zone that may be defined later and may test 7700-7800.
30 Nov - 06 Dec - A low zone, which may test 6700 or so.
Recent high and low remain crucial.
Time Tuned Nifty for 28 Jul 2015
Nifty made a high of 8654 during the current rise and it seems that bears may have started to regain control.
However, it did start the downmove for the earlier defined low day of 27 July, which has now shifted to 30 July 2015. 8510-8520 zone again becomes crucial and will probably be the defining zone to indicate whether Nifty will make a new high in August 2015 (between 02-08 Aug) or it will go down to make a new lower low in October/November 2015.
What could be possible now may be as below:
30 July - A dip to 8175/8060 zone.
03-06 Aug - A rise to 8520, which may further go to a level around 9100, if 8520 is taken and sustained.
07 Oct - A low zone, which may correspond to 7000 or so.
A high zone that may be defined later and may test 7700-7800.
30 Nov - 06 Dec - A low zone, which may test 6700 or so.
Recent high and low remain crucial.
