Time Tuned Nifty : October 2017

Time Tuned Nifty

Time Tuned Nifty for October 2017

It has been a long time and I may still have to catch up with the developments and moves to be able to get in synch with Nifty.  However, I am trying to make a brief on what could happen in October 2017 and I am going to be really brief.  The dates I write will have a tolerance of a day on either side.  In addition, they would change, if there is a change in the current extremes that Nifty has made so far.

03 Oct 2017 - Low zone.  Possible to see 9720.

09 Oct 2017 - High zone.  Possible to see 9825/9974/10050/10110

17 Oct 2017 - Low zone.  Possible to see 10020/9780/9735/9570

31 Oct 2017 - Low zone.  Possible to see  10030/9730/9490

In extreme case, we may witness 9000 or a little lower either on 17 or 31 October.  A possibility for a dip to 8500 or lower in Sep-Oct next year exists, as long as the high remains intact.

The Possible News.  Markets nervous due forthcoming elections.  OR.   Poor reports by the Companies that form Nifty.  OR A rate hike by RBI????

All the best.

Time Tuned Nifty : The rise in Nifty may soon end.

Time Tuned Nifty

Time Tuned Nifty for Mar 2017 to Jun 2017

It has been almost a year since I wrote my last post Nifty is Sitting on a Launchpad : Highs May Soon Be Tested.There have been multiple reasons for my inability to write and I may still be trying to narrate a half-baked story.

In my last post I perceived that Nifty would make the final high in Jul 16.  While it did make a high at that point of time, almost 900+ points above the levels of Nifty, when the post was written;  but the subsequent cool off was minuscule and Nifty continued to stretch the high to test the all time it had made.  Presently, it is pretty close to redefining a new high.

At this crucial juncture, I felt it was pertinent to have a look at the possibilities that emerge.  What I perceive for now is that the rise in larger time frame is far from over.  However, in the intermediate term, Nifty is close to finishing a high, which may happen on any date among 10/03, 21/03 and 29/03.  On one of these days, I expect Nifty to test 9130 to finish the current move.   Once this event is over and only once Nifty gets below 9020 thereafter, short positions should be or can be initiated with SL above the high it makes.  

The moves subsequent to 29/03 will possibly hint at the subsequent moves of Nifty, which could be a grinding lateral move in a tight range  or a fairly sharp dip to 7700 roughly.

PS.  I may be unable to provide frequent updates and these moves could well extend for 09 months to an year.  Hedging is advised at own discretion.  All the best.