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.
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.
Master, thanks a lot ..
ReplyDeleteSustaining below 7723 ..
ReplyDeletePossible 7590-7600 around 1350-1400.
ReplyDeleteSir, plz give ur views after RBI policy
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ReplyDeleteSir, Nifty struggling to touch yest high after very positive .50 rate cut...
ReplyDeletePlease guide..
sir whats your view forpositional trader short or long and any target
ReplyDeleteSomewhere around this time the rise should halt and we may see Nifty dipping towards 7540. Possibly 7590. Confirmation on break down of the recent rising channel.
ReplyDeleteFor now, 7810-7800 at 1250-1300 may be watched. If it doesn't sustain below 7800 after that, a rise towards 8050+ will ensue, otherwise a minor rise towards 7900 will happen.
ReplyDelete1215-1230 is also a low zone of significance. Should be cautious with shorts from this point onwards.
ReplyDeleteI feel it is better now to go long with SL of 7870.
ReplyDeleteBearish WW. Baseline 7913. Target could be 7845 around 1030 tomorrow. Shorts should have a SL above the recent high of 7927. Longs should have a strict SL of 7870.
ReplyDeletesir,as it has closed over 7927,what are the likely targets
Deletesir is it spot level ?
ReplyDeletesir is it spot level
ReplyDeleteyes,all spot
DeleteSir, now tgt 8050+ ? Time Zones please...
ReplyDeleteI am sorry, I do not have access to charts now. Targets are given in the post. 8050 remains a key level. Keep an eye on 7910-7930 band. This has base line of a bullish as well as a bearish WW. As I perceive, this band is going to play a pivot. Since nifty is very close to this a covered position will not disappoint through the expiry, even if it is a long shot. I will be off for a week or so.
ReplyDeletethankyou sir
ReplyDeleteSir,
ReplyDelete8050+ done today ..what next ?
Possibly a dip to 7900-7890 and rise further.
ReplyDeletePossibly a dip to 7900-7890 and rise further.
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ReplyDeleteSeems 8225 is insight.maybe higher till 8330.congrats sir!!
DeleteSir,
ReplyDeleteNifty near 8200 ..What next ? Thanks !
A rise may commence from 8110-8100 band. SL could be kept at 8099 or lower for longs for a visit above 8250 possibly 8300+.
ReplyDeleteSir,
ReplyDelete8099 breached but not sustaining ...please advise
I am still looking upwards. Things need to get back above 8110.
ReplyDeleteSir,any levels higher than 8300 on nifty now?
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ReplyDelete8322 is crucial My expectation is that nifty may follow the path as below:
ReplyDelete21 Oct - Low...which could be 8220/8170/8050
26 Oct - High...which could be 8245/8370/8750
04 Nov - Low....magnitude may be defined later. But quite likely to test 8170/7950 below which a new recent low may be expected around 10 Dec.
A bearish trading opportunity is emerging with a good risk reward ratio. A short can be initiated between 8250-8300 with SL of 8322 for a target of 8220/8170/8050 by 21 Oct. A tick at 8322 will bring Nifty into confusion zone with a possibility of further rise to 8400-8410 or 8655-8750.
ReplyDeleteThanks.over 8322 new levels coming.
ReplyDeleteSir,
ReplyDeleteThanks a lot ..
Rise till 1430 and then another fall for a low at around 1400 on 23 Oct.
ReplyDeleteSeems 8360 will come on 26fh Oct.kudos to you sir!!!
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ReplyDelete