October 2015 and Ahead

Time Tuned Nifty

As long as 7723 is held, 8225/8360/8570 is under threat. Possible to see this on Oct/01 or Oct/04 or Oct/26. Below 7760, a threat to 7620/7534/7340/7080 will emerge. Possible on Oct/26-28 or Dec/21.

In all likelihood, nifty seems to be headed higher and ideal long zone would be 7760-7770, with SL of 7723 or 7590-7600 with SL of 7530. Target could be 8225/8360/8570 and may be much higher later.

 Sensing that 11000+ may be coming in Jun 2016.

Nifty Nearing the End of Fall

Time Tuned Nifty

Time Tuned Nifty on 02,September 2015

Let us first see EW.

A=9119-7940=1179
B=8040-8665=625
C=8665-7669=996 so far.  Ideal at A=C will be 7486.  So far the moves from 8665 are on course, both in terms of value and time.  As indicated in my previous post,  03 or 04 Sep 2015 can be a major low zone.  Bears should be cautious for a sharp rise.  From tomorrow onwards, bulls will be waiting to lauch the penultimate attack on bears.  Their aim most likely will be 10144or higher.  What I expect for tomorrow is that a minor rise may take place in the morning trade followed by a sharp dip to get below the last low by close or by early morning on 04 Sep.Point to watch is 7586/7450/7300.