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.
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.
Thanks falcon sir,10144 can be expected by when?
ReplyDeleteThat may take some time. More than aix months....possibly.
ReplyDeleteThanks
DeleteThanks a lot Sir .
ReplyDeletesir,bottom formed yestrday?
ReplyDeleteIt may have. I would have been more comfortable, had it done lower than 7665. May still do within the tolerance. But it is time now to start hunting for longs.
Deletesir as per previous view can we expect as follows :-
ReplyDelete07 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.
Posted by S Falcon at 7/28/2015 12:30:00 P.M.
please dont take me wrong holding 7200 october puts@110
07 Oct is still more than a month to go. For now, let us tackle this one. 11000 may or may not come but there is more likelyhood that a rise will soon commence. And that may again test the 8500 zone. If the fall is not over yet, then a rise to 8200,and down for a.new low could also be possible. Let us see what happens next.
DeleteI think stage is nicely set for initiating longs. Target could be 8010/8220/8500/8840/9200/........
ReplyDeleteThis comment has been removed by the author.
DeleteThanks a lot Sir !
ReplyDeleteWhats the target For September Expiry Sir
ReplyDeleteTarget figures are given above in one of my comments. Let us begin with 8100 for now.
DeleteThe low made at 7636 may be low for some time to come. Breach of 8500-8550 band will indicate bullishness for a new high. For now 7790 is the immediate resistance. Scaling above this will enhance possibility of 8100/8500 within this expiry.
ReplyDeleteIdeal time to go long now. SL 7635.
ReplyDeletegreat sir!!!!
ReplyDeleteSir,so 7586 to be watched now?
ReplyDeleteThat figure is 7486. I had erred initially. It has been corrected in the post.
DeleteSir,
ReplyDeleteMonday open may well be below sl 7635 (as per sgx). Advice please..what next ?
Thanks
7635 was broken on Friday itself. Which does show potential for further dip. Let us see. There are supports within 100 points from the low. 7550-7450 may be tested, if it decides to continue downwards.
DeleteI will continue to hold longs till 11 Sep without cover.
Deletethankyou sir
DeleteThank You so much Falcon sir... missed your lovely analysis all this time :)
ReplyDeleteWe should not forget that the biggies may be ready to lap up what the titbits
ReplyDeletethrow now.
Possibilities as perceived are placed here...
ReplyDeletehttp://niftytradesetup.blogspot.in/2015/09/nifty-as-perceived-on-teachers-day.html
sir,whats next bounce area for a meaningful bounce
ReplyDeleteCaution zones are 7850 and 7910-20. Above this 8100 may get tested. Otherwise a new low. Sep/11-12 may be high.
DeleteThe Us Int Rate Hike Deferred to Nov Dec Effect on Charts , ,
ReplyDeleteDo not bother with junk and obsolete inputs. By the time you come to know about these, they are already factored in.
DeleteAwesome come back sir,congrats!!
ReplyDelete:) Thanks Rashmi.
DeleteShorter term high may be done for now. Low may come at 1410 today. If below 7680 at that time, a new low may come otherwise 7910 may get tested, thereafter.
ReplyDeleteThanks SPR
ReplyDeleteYesterday Nifty faltered near 7840 and today gap down touching 7680 what next Sir ?
ReplyDeletesir,today is last day of rise in nifty or we wait till monday as 12th is a holiday
ReplyDeleteWait till Monday should be fine. Aim to enter around 7900 with SL 7920 or so. Choose your own SL as I am not very good at SLs.
ReplyDeleteToday after 1210-1215, a rise may take place for 7880/7910, which may finish between 0920-0930 on Monday. So Aim should be to short right at the opening 15 minutes on Monday IMHO.
ReplyDeleteToday it should dip to around 7770 or so.
ReplyDeletethnx sir,i ws hoping fr new highs at least till 8250,but tht seems ruled out now
ReplyDeleteBreak out has taken place and now we should be heading to 7910 atleast. 8200 remains in consideration.
ReplyDelete7780 almost tested with some time delay ..
ReplyDeletethanks a lot
ReplyDeletethanks a lot
ReplyDeleteNow if it sustains above 7830, we may see 7900+/8200 very soon. The high may have been redefined for 21 Sep.
ReplyDeleteLooking at two possibilities. One is ED from 7680 or so. If it is indeed an ED, it should finish above 7880 and below 7930 roughly. May finish today around 1330-1400.
ReplyDeleteSecond possibility is that Nifty is doing a CT from 7846. If it so, then C has started now. A rise of 200-500 is quite possible. Sep/21-22 could be the high zone in this case.
ok sir,that means higher trgets for nifty that is new high postponed fornow.
ReplyDeleteYes. As long as it trades above 7819.
ReplyDeleteSir,
ReplyDeleteLow broken. So now journey south starts ?
No. Keep SL at 7760 for longs. Once above 7860, shift SL just below the low made in current dip.
ReplyDeleteShorts avoidable till 22 Sep.
ReplyDeleteIdeally, Nifty should go above 8230. Possibly there is extensive deception going on. Do not give too much importance to Fed hike. If at all there is something, it would already be factored in. Let us first see what Nifty does on 18th. Expecting C3.3 to peak there. If so, Nifty is looking at 8000+.on 18th itself with possibility for higher levels on subsequent days.
ReplyDelete7840-50 is a crucial band for now. Expect a close above this today or may be very close to it.
ReplyDeleteMeanwhile, If I may write it here, Amtek Auto may head towards 110/150, if it sustains above 54.5.
ReplyDeletethnx sir,seems shorts will be taken for a ride.
ReplyDelete8000 done today 18 sept ..Hats off !!
ReplyDeleteSir after making high on 22Sept do you think new lows can be made?or just consolidation and then new highs
ReplyDeleteAfter it makes the high today or tomorrow, it should make a low on Oct/07-10. Whatever it may be. Aim should be to look for shorting opportunities till 07 Oct and avoid keeping uncovered longs. Options should shift to next expiry.
DeleteSir any idea tentative what can be the low,thanks
ReplyDeleteSir,
ReplyDeleteCan we initiate short tomorrow ? Any shorting levels or time ? Thanks a lot ..
After 1300 hrs.
DeleteThanks a lot Sir !
ReplyDeleteWhat a timing ........Hats off !!
ReplyDeleteNeed to book profit now.
ReplyDeleteDownside levels?
ReplyDeleteSep 21, 2015, 7:29:00 AM
ReplyDeleteAfter it makes the high today or tomorrow, it should make a low on Oct/07-10. Whatever it may be. Aim should be to look for shorting opportunities till 07 Oct and avoid keeping uncovered longs. Options should shift to next expiry.
any levels till 7th oct Sir
The ferocity of the fall was alarming.are you seeing lower levels than 7476 by 7-10 Oct? I want to buy stocks fr my pf so asking.
ReplyDeleteThe levels are difficult to specify as of now coz the scenario is wide open. The fall may take any form or pattern. I am still not convinced that this was the final high. I would be more comfortable if levels of 8200-8250 are seen. That said, the fall has a very wide range, 38% of the rise to 425% of the previous fall. Keep the dates in sight. In bears start to paw, we may see 7200/6700 very easily. I feel covering the shorts with 9K CEs when spot is around 7730 (which is the first support) should give decent protection.
ReplyDeleteTo keep the long story short levels of 7730/7480/7200/6700 could be achieved. Cut off on 07 Oct or an upward breach of the falling channel. These two events should prompt to tighten the SLs.
Thanks falcon.
DeleteSir, what is the level for the upward breach of the falling channel? Beyond which shorts have to be covered.
DeleteVery well written,especially the 2events mentioned at the end of the post.
ReplyDeletethanks a lot
ReplyDeleteperfect place to book shorts sir,7730.but why have you asked to hedge with 9000ce,it can be done with a lower strike like 8600or so?
ReplyDeleteTomorrow let us see if it does 7970/8040 or 7700/7650.
ReplyDeleteNow chances more for 7700 or 7970 ? Please guide...
ReplyDelete1150 is low zone. We may see a test of 7908/7970 but it is likely to come in Monday opening hour. Probability of a CT also exists. Shorts below 7825 only. Otherwise wait.
ReplyDelete8500 CE may be taken as cover at this time.
ReplyDelete1350 can be a high zone. Be cautious if long.
ReplyDeletewonderful falcon!!!!
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSir,
ReplyDeleteNifty struggling to cross 7900 ...any update ?
7900 tested !!
ReplyDeleteUp move over or still some left ? Please guide ..
ReplyDeleteAs long as 7723 is held, 8225/8360/8570 is under threat. Possible to see this 0n 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.
ReplyDeleteIn all likelyhood, nifty seems to be headed higher and ideal long zone would be 7760-7770, with SL of 7723/7530. Target could be 8225/8360/8570 and may be much higher later. Sensing 11000+ may be coming in Jun 2016.
ReplyDeleteTransferred last two comments as new post.
ReplyDelete