Time Tuned Nifty
Time Tuned Nifty for 11 February 2016
It has been a little long since I wrote my views on Nifty here. My apologies for lack of updates through this roller coaster ride in Nifty. I am still not really keen to update due to my inability to remain in synch with the markets, but there has been requests that push me into writing what I perceive as the possible course of Nifty in next couple of months.
First of all, absolute low could be limited to 6700, which I have been talking about for quite some time. 11-12 Feb 2016 (today and tomorrow) mark an intermediate low and 04/07 March 2016 could be a high. The final low may be established in Apr/May 2016. Readers may keep an eye for a breach of UTL of the falling channel from 9119, which would define the intent for a larger rise. Till that happens, this UTL will continue to resist the bulls and subsequent falls will keep pushing the Nifty lower.
11-12 Feb 2016 Low zone, expect 7120. 6700-6800 indicated if 7110 is breached.
04-07 Mar 2016 or may be a little later - 7650/7820/7960, Keep a lookout for breach of UTL.
All the best.
Time Tuned Nifty for 11 February 2016
It has been a little long since I wrote my views on Nifty here. My apologies for lack of updates through this roller coaster ride in Nifty. I am still not really keen to update due to my inability to remain in synch with the markets, but there has been requests that push me into writing what I perceive as the possible course of Nifty in next couple of months.
First of all, absolute low could be limited to 6700, which I have been talking about for quite some time. 11-12 Feb 2016 (today and tomorrow) mark an intermediate low and 04/07 March 2016 could be a high. The final low may be established in Apr/May 2016. Readers may keep an eye for a breach of UTL of the falling channel from 9119, which would define the intent for a larger rise. Till that happens, this UTL will continue to resist the bulls and subsequent falls will keep pushing the Nifty lower.
11-12 Feb 2016 Low zone, expect 7120. 6700-6800 indicated if 7110 is breached.
04-07 Mar 2016 or may be a little later - 7650/7820/7960, Keep a lookout for breach of UTL.
All the best.
Thank you dear Spr ji for your guidance......as always very simple to understand, straight and very definitive ....... regards
ReplyDeletethank you so much sir
ReplyDeleteThanks a lot Sir !
ReplyDeleteWatch out for 7450-7460 band by 17 Feb 2016 in forenoon hours.
ReplyDeleteIs this a potential shorting zone
ReplyDeleteSir Nifty consolidating for upmove to 7450 zone ?
ReplyDeleteUpmove may start from now to 0945 tomorrow. Target could be 7450-7460.
ReplyDeleteThanks a lot Sir
ReplyDelete7110 breached.are we going towards 6700?
ReplyDelete7110 was written for 12 Feb. That event is already over.
Deletesir your view for march above 7450 same or changed?????????
DeleteSame.
DeleteOK........THNX...
Delete