Time Tuned Nifty
Time Tuned Nifty for 13 November and Later
I had written about my perceptions on Nifty at Nifty on 05 Nov 2015 and Later : Possible Impact of / on Bihar Election where I had mentioned that 13 November would be a day of low. So far, it has turned out in that manner, but question remains whether the fall is over and done with. As far as I am concerned, I may have flawed due to some holidays this month, which may have been missed. Currently, the low zone of Friday the 13th, looks good to me, but there is possibility of another low on 19 November.
This is what I perceive for the time being. Nifty needs to hold 7720-7710 band. If it does so, it should rise to first test 7850/7950/8130 on 17-18 November and then make the low on 19 November, which may not go lower than the recent low it makes. I expect a dip to 7739 at the most. After 19th, Nifty may again rise to make a high on 24/26 th. I perceive that 8130 should be tested during this expiry and it would be a crucial level to identify further course Nifty takes.
As long as the UTL of 9119-8655 is held, broader trend remains down. This TL will be hovering around 8250 on 24/26 November.
The trade setup for now is simple. SL 7710 or 7530 as per risk appetite. Go long as close to 7720 as possible (or above 7780) for targets of 7850/7950/8130/8250. If and when it reaches above 8130, prepare and go for shorts as close to 8250 or below 8130 for a new recent low with SL of 8260 or 8340 depending on the risk appetite.
Summary
18 Nov 2015 - A high around 1200-1215 when 7850 is highly probable.
19 Nov 2015 - A low zone. Time yet to be defined. A retest of the low would be possible on this day.
24/26 Nov 2015 - A high at closing hours. 7850/7950 are very likely. May test 8130/8250. The corrective to the entire fall from 8337 should finish at this time.
02-04 Dec 2015 - Not accurately defined, but possibly on these days the next leg of the fall may finish. If it indeed does, we may see levels lower than 7530 and may be lower.
Readers may again keep in mind that major moves may not come in this expiry. The extremes are indicated in Mid December.
All the best.
Time Tuned Nifty for 13 November and Later
I had written about my perceptions on Nifty at Nifty on 05 Nov 2015 and Later : Possible Impact of / on Bihar Election where I had mentioned that 13 November would be a day of low. So far, it has turned out in that manner, but question remains whether the fall is over and done with. As far as I am concerned, I may have flawed due to some holidays this month, which may have been missed. Currently, the low zone of Friday the 13th, looks good to me, but there is possibility of another low on 19 November.
This is what I perceive for the time being. Nifty needs to hold 7720-7710 band. If it does so, it should rise to first test 7850/7950/8130 on 17-18 November and then make the low on 19 November, which may not go lower than the recent low it makes. I expect a dip to 7739 at the most. After 19th, Nifty may again rise to make a high on 24/26 th. I perceive that 8130 should be tested during this expiry and it would be a crucial level to identify further course Nifty takes.
As long as the UTL of 9119-8655 is held, broader trend remains down. This TL will be hovering around 8250 on 24/26 November.
The trade setup for now is simple. SL 7710 or 7530 as per risk appetite. Go long as close to 7720 as possible (or above 7780) for targets of 7850/7950/8130/8250. If and when it reaches above 8130, prepare and go for shorts as close to 8250 or below 8130 for a new recent low with SL of 8260 or 8340 depending on the risk appetite.
Summary
18 Nov 2015 - A high around 1200-1215 when 7850 is highly probable.
19 Nov 2015 - A low zone. Time yet to be defined. A retest of the low would be possible on this day.
24/26 Nov 2015 - A high at closing hours. 7850/7950 are very likely. May test 8130/8250. The corrective to the entire fall from 8337 should finish at this time.
02-04 Dec 2015 - Not accurately defined, but possibly on these days the next leg of the fall may finish. If it indeed does, we may see levels lower than 7530 and may be lower.
Readers may again keep in mind that major moves may not come in this expiry. The extremes are indicated in Mid December.
All the best.
Sir,
ReplyDeleteThanks a lot for sharing your insights.
"..........Nifty needs to hold 7920-7910 band......." typo error ?
Regards,
:) Couldn't be a typo. Possibly got mixed up. Corrected. Thanks.
ReplyDeleteAbove 7732, it should target 7770/7805. 1030 hrs could be the final low in the short run.
ReplyDeleteShorts should have a really tight SL now. Long should be initiated SL 7714.
ReplyDeletethanks falcon sir,taken small qty calls today
ReplyDelete7850 spot almost done today ..what next ?
ReplyDelete7810-7820 becomes crucial. If held, Nifty may rise sharply towards 8130, with intermediate halts at levels mentioned in the post. If broken, then 1400-1430 should see Nifty reaching 7775 or so, where longs could be initiated again for higher levels.
ReplyDelete7810-7820 broken ...
ReplyDeletenow 7775 in contention
ReplyDeletenow 7775 in contention
ReplyDeleteTouched 7750..
ReplyDeleteLow around 1500 hrs may touch 7724, which should provide a good risk reward ratio for going long with a SL at 7714. Below 7714, it may visit 7620.
ReplyDeleteI hope longs were initiated.
ReplyDeleteSHould rise to test 7775 zone tomorrow and then a final fall should come, which should briefly get below 7714.
ReplyDelete7785 done ...perfect buy yesterday at lows ...Thanks !
ReplyDeletecan we see expiry above 8000?
ReplyDeleteFinal fall coming .. 19 th NOV ....?
ReplyDeleteLow zones at 1120-30 and 1220-1230. Either of them could define the lowest point of the day, which could be a low for a week or so. 8130 is what I expect to be hit by 26th. If that has to has to happen, the moves after 1230 should be swift. If it drags, one should be wary. SL remains 7714 unless breached by 1230.
ReplyDeleteMust get below 7776, if the lows are to be tested. If it does not, it may be looking much higher.
ReplyDeleteWent above 7812. What could follow is going to be a corrective, which means 7714 should remain intact. Any dip could be used to initiate longs with SL 7714.
ReplyDeleteTimings for lows should shift by 10 minutes.
ReplyDeleteAll longs should be closed. We may be in for a surprise. Let us where it goes at 1245 hrs.
ReplyDeleteclosed longs ...Initiated small shorts ..looking for surprise down...
ReplyDeleteThis is the best place to go short, with SL at 7825.
ReplyDeleteAnd hold for going long till 1330-1345. If there is a surprise it should be cleared by then. And this low zone of 1330-45 is of a higher degree. Has a potential to go below 7714. The falling channel has been maintained so far and if it has to remain intact, possibly we may have seen a high for a long time. Decision zones will be 7714 and 7825, whichever side it breaks out.
ReplyDeleteThings are not really going the way I thought they will evolve. However, broader outlook of a high on 24th or 26th remains intact till 7714 is held. Let us see if there is any corrections coming or it goes higher in a straight path. I am still out of any positions, waiting for a fall. 7820-30 is crucial for this decision. If held at close, staying long will be preferable for those who are already long.
ReplyDeletesustaining above 7825...
ReplyDelete7905 touched ..
ReplyDeleteHello sir.do u think it can still revisit 7715 or go lower?
ReplyDeleteVery unlikely before 26 Nov. After 26th, it may go below 7530.
ReplyDeleteAny update Sir ?
ReplyDeleteKeep an eye on 7810 levels. If that breaks, we may have a possibility of testing the lows. Otherwise, still good for higher levels. 1430-40 is low zone, when 7820 may be touched. Longs, if closed, can be re-initiated at this levels with SL of 7810 for a new high.
ReplyDeleteShould rise anytime now. Expect 80+ points.
ReplyDeleteNeeds to get back above 7850 otherwise it may retest 7811 levels again by 1230 hrs.
ReplyDeleteIn fact, above 7855 now.
ReplyDeleteNifty in narrow range and mkt closed tomorrow ..
ReplyDeleteDecember Expiry started ..any update please...
ReplyDeleteDecember Expiry started ..any update please...
ReplyDeleteFalcon Sir, please update ...
ReplyDeleteThanks a lot !
sir for december nifty buy or sell.............
ReplyDeleteI think Nifty has possibility to swing both ways. With a high indicated on 19th. Letus wait and see if it gets above the initial LT of the rise and sustains. The extremes I would expect for this expiry could be 8800 or 7300. Positions should be kept covered for this expiry IMHP.
ReplyDeleteThanks sir but is the bias towards 7390?
DeleteVery difficult to say at this juncture. Keep an eye on 7910-7930 zone. If sustains below his band, it may go further down. Otherwise, I feel the close for today, should be a low zone. Opening next day could be a gap up.. May easily go past the high of 7977 and even more. Caution zone for the rise are 8060, 8170, 8260 approximately.
Deletethanks
ReplyDeleteLooking at the scenario seems we will go down tomorrow.
ReplyDeleteDear Falcon ji
ReplyDeleteWish you MOST N MORE ...today n always ...
Happppppppy Birthday !
Regards
Thank you Amitabh. God bless.
DeleteMany happy returns of the day !!! Stay blessed forever!!!!
ReplyDeleteThanks Rashmi. God bless.
Deletesir,wats the call in nifty now
ReplyDeletewww.abhaymehrotra.com/?m=1
ReplyDeleteHave a look at this sir.would like to know your views
Looks fine.
DeleteSir,
ReplyDeleteNifty moving down very slowly but steadily ...what to expect ?
Regards,
Nifty is at a very crucial state. Today it broke below an important band of 7765-7775. We need to watch if it sustains below this band. If it does, Nifty would possibly remain in a bearish phase for 3-4 months. If it goes back above 7775-7785, bears should be wary. Because if that happens, Nifty may head towards 8200, a resistance, which will have a high probability to get breached this time around. Dec 19 remains crucial for now.
ReplyDeleteNifty sustaining well below 7765...
ReplyDeleteCurrent fall should be over or almost over. If it indeed is, then Nifty should rise to peak on 14 Dec-16 Dec. Those short should tighten the SL. Those intending to go long should keep SL below 7530.
ReplyDeleteSir what can be approx tgt for longs ?
ReplyDeleteSir,plz update on nifty.
ReplyDeleteIf I sense it right, it should rise anytime from now 1330 and may head for 7735-7740.
ReplyDeleteNow 1230, buy now or at 1330 ?
DeleteNifty making new lows ..
ReplyDeleteNifty making new lows ..
ReplyDeleteAny update sir ? Thanks
ReplyDeletesir please give your view on nifty for tomorrow..........
ReplyDeleteA high is possible between 0950-1000 today. Subsequent fall may head for 7740/7610/7480/7200. Let us see where Nifty settles at close today. If it closes above 7740 most likely the rise would continue and may end on Dec/21 or 23. If settles below, a test of low, if not a new low, will be quite likely. All the best.
ReplyDeletePS. I am sorry, I am pretty busy till Jan end and it would be very difficult for me to give regular updates.
thnx sir........please update time to time ......its our request sir.....
ReplyDeleteMay rise 70-180 points from the low it makes.
ReplyDelete7810-20 band may pose a resistance. If it rises in this zone Nifty can be shorted with 10-20 point SL, especially if it happens on Dec 21. Conservative targets could be 38.2 % correction for the entire rise and may happen at close of 21st or open of 22nd. Even if it does not happen at that time, shorts should be closed.
ReplyDeleteFor now, eyes down for a new high for the current rise.
ReplyDeleteExpected time for the high could be 1245-1300 today.
ReplyDelete1350-1400 is possible high now. SL 7730.
ReplyDeleteClose all longs. Initiate shorts.
ReplyDeleteHi can you share target for shorts?
ReplyDelete7720/7650. Expect on 23 Dec between 0945-1030 roughly.
ReplyDeleteLows for today should be marked at 1230 and 1445. Key levels at this time could be 7802/7742/7702/7650. Let us see which one is achieved.
ReplyDeleteLow at higher degree can be at 1045-1100 on 24th. And for that to happen, Nifty should start trading below 7790.
ReplyDeleteThanks a lot Sir..
ReplyDeleteSir any update for today ...
ReplyDelete8030-40 becomes a possibility as long as Nifty stays above 7790. Possibilities for lows still remain. Should target 7800 PE at 9 or less and wait for a dip to 7790-8000 to take a covering position through 7900CE. Either it will dip to 7650 or it may rise to 8030, very likely within this expiry itself. 1030 was a high zone and 1430 is another high zone. Between this duration, a low should come, but the time is not yet defined. However, the dip may target 7843/7815/7790/7955. Let us see how it goes.
ReplyDelete1320-25 could be low zone.
ReplyDeletePlease update us with your views please...Happy New Year i advance ..Wish all your wishes materialize in 2016 !!
ReplyDeleteRegards
Nifty is at high zone now. Shorts may be created as close to 7940 as possible with SL at 7950 or so (or at own discretion) for a target of 7865 by 1300 tomorrow. After that a journey to 8030-40 may start, which may happen on 03 Jan. Happy New Year to all and all the best.
ReplyDeletethankyou sir,wish you a very happy and joyous new year-2016!!!
ReplyDeleteSir 1300 time zone or target 7865 valid or any modification ?
ReplyDeleteNow the close today should be at low. It may still target 7865-60.
ReplyDeleteWishing everyone here a happy, healthy n prosperous 2016 !!
ReplyDeleteThanks and same to you Amitabh. God bless.
Deletehappy new year sir..........
ReplyDeleteThanks and same to you, Prema. God bless.
Deletesir plz give your view............
ReplyDeletenow near 7755 sir........what next???????
ReplyDeleteMay consider going long near and below 7770 with SL just below the low made today. Target could be 7840/7900/7970/8050/8200 roughly. 14 Jan could be the high in this expiry.
ReplyDeleteThnx sir
ReplyDeletesir whats your view in nifty on this level......
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteUnable to get hold of charts. But a Wolfe Wave should be completed now. Would remain active as long as Nifty trades above 7460 and targets somewhere around 8400-8500 zone or may be higher. Below 7460, Nifty may continue to target 6700 or so. In any case, reversal will be indicated only above 8150, if and when it reaches. High zone may have shifted to a later date around 21 Jan or so. I will get back to the time tuning later.
ReplyDeleteA close above 7569 today will be indicative of bullishness.
ReplyDeletethnx sir.........plz give your view time to time as earlyer......
ReplyDeleteLongs should be closed now and regained at close.
ReplyDeleteSir,plz post fresh updates on nifty
ReplyDelete