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.
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.
