Nifty for 18 June 2015

Time Tuned Nifty

Time Tuned Nifty for 18 June 2015

Nifty did go on to battle at 8125+5 as perceived in my update yesterday, but bulls were unable to retain the gains in the closing hours.

What could be possible tomorrow during the intraday trade may be as below:

Open to 0940 - A pop to 8110-8120.
1045 to 1100 - A dip to 8030, which may further dip to a level between 7960-7950.
1415 to 1430 - A high, which may go to 8330.

7939 remains the SL for now for bulls.  Any dip to 8030 (or to 7960-50) should be used to go long.

Today's high could be taken as datum by those who wish to ride the dip, not advisable though.

Review  19 Jun 2015 at 0930 hrs

It seems that 8330/8380 will be postponed for another day.  High may be already in place.  8230 could be the extreme and above this, bulls may regain confidence.

Today is 19 Jun 2015, a day of high.  Next low may come on 25 Jun 2015, which may or may not make a new low.  Keeping 8230 as SL and going short.  I must hold till 25th or till 8230 is taken out.

Review  19 Jun 2015 at 1015 hrs

 Shorts may be initiated now or may be held till 1100 hrs, where I will double up my positions in shorts.

Review  25 Jun 2015 at 0850 hrs

The high has not only extended beyond 19 Jun 2015, it has now reached a phase where it may continue higher.  The rise may end on 17 August 2015, with an intermediate high around 04 August.

8315 and 8420 will remain crucial for the respective side move.

Review  02 July 2015 at 0850 hrs

The high of 8480 becomes the key.  If 8435 is breached, a possibility for a dip to 8310-8300 by tomorrow, expectedly at 1030 or later, will emerge.  If 8300 is also taken, the possibility of a test of lows by 15 Jul 2015 will be highly probable.

8435/8300 and 8490 will remain crucial for the respective side move.

Perceptions on 15 Jun 2015

Time Tuned Nifty

Time Tuned Nifty for 15 Jun 2015

Today is 15 Jun 2015 and as expected, Nifty is sitting at the lows of current fall.  7930-7935 could be the immediate support.

WW - The current fall could be the backtest of a WW that was formed in the previous fall to 7997.  In addition, another WW has been completed from 8065 on 07 Jan 2015.  Targets of both WWs are way North of previous high of 9119 and may go above 9800 with possibility to shave off 10K by Aug 2015.

The fall from 9119 may be either complete as a CT, or , it may just be E.a of  this CT with b and c to follow.  Immediate resistances are at 8300 and 8380.  Above these, the rise may pick up pace for re-testing the lifetime highs.

Time-wise 15 Jun 2015 may see an attempt to test the recent low of 7940, which may stall at 7930-7935 band.  If this happens, longs to be initiated for 8300/8380 by 19 Jun 2015 with a tight SL.

On 19 Jun 2015, if Nifty stays below 8380-8400, close all longs and go short.  However, if it crosses 8400 and sustains, cover longs and hold.

Crucial dates-

15 Jun 2015 for a low.

19 Jun 2015 for a high.  Look for 8300/8380/8570

13 July 2015 for a low.  If remains below 8380 on 19 Jun, look for 7670/7500 else look for 8210/8120.

Review 16 Jun 2015

Battle of bulls and bears should now shift to 8125+5 points.  In all likelihood, the bulls should win and push the battle zone higher towards 8380-8400 .  Will they be able to sustain their gains may be clear on 19 Jun 2015.  Bears should hold their horses and bulls should hold their positions.

My First Private Note

Time Tuned Nifty

Time Tuned Nifty for Jun 2015

Today on 26 May 2015, the fight was for 8365.9, which the bulls lost.

Tomorrow on 27 May 2015, the fight will shift to 8423.  Expected that the bulls will loose again.  A close above 8398 is highly likely.

1000-1015 could be the immediate high zone tomorrow.

The rising UTL lies at 8325 tomorrow and will also be the crucial level. 8345, 8450 and 8540 will remain crucial resistances for tomorrow.

27 May could be a possible high day for now.  28 May could be a day of low.

Currently, there are no high zones visible for Jun 2015.  The nearest significant high could be on 15 July and the peak may be around 08 August

There is one low zone on Jun 05/06 provided 8489 remains intact.  On that day, as low as 7990 could be targeted.

29 May 2015 1100 hrs

1145-1200 hrs is a possible high zone.  I do not expect Nifty to go beyond 8425.  Aim to go short between 8415-8425 for 8000.  SL will be around 8430, but will be kept mentally.

Jun/03-06 remains a possible low.

Today, the battle is for securing 8370 at close.  Let us see, who wins.

 03 June 2015 1230 hrs

The band of low has started from today.  Shorts should become cautious.  Critical zone is 8130-8140 and 7980-90.  If the former is reclaimed and sustained, initiate long.  Otherwise, remain on short side till 15 June 2015.

Today's close is critical at 8335.  Below this the bears will still have the upper hand. 

Extreme targets could be 9000 on the up and 7300 on the down side.

Adieus

Time Tuned Nifty

I had written in my initial post that I have severe constraint on the time that I can devote to this blog.  In past, I wrote few posts, which may have benefited some and may have confused many.  During the time since I wrote my first post on the blog, the constraints of time continued to be felt and now at this juncture, I am unable to find any more time to write the blog.

Due to these constraints, I have decided to discontinue the blog and convert it to a place of personal notes, which I can access from anywhere.  Other readers will be unable to see my posts after a week.

Inconvenience, if any, to any reader, is deeply regretted.

All the best to all of you and adieus.

What now?

Time Tuned Nifty

I had been sensing a high on 18 May 15.  Nifty did make a high, but did not go to the extent I thought it would go.  What may follow now is as below:

20 May : A low is scheduled and it may stretch to the forenoon hours of 21st.

Subsequent moves later, as much lower levels are likely to be targeted and higher levels may have to hold for some time now.  Key zones are 8380-8400 and 8200-8210.  Above the higher band, it may go on to make higher levels to reset the high.  Below lower band, it may even target 7300 or lower.  How and when?  Will emerge later.

For now, 1045-1100 is a high zone and may not cross 8380 for the day.

May 2015

Time Tuned Nifty

Time Tuned Nifty for May 2015

The current fall from 8844 is likely to continue till 20 May 2015.  Subsequent move will be a fresh upmove or a correction to the current fall will be visible later. 

For now, Bears should tighten the SLs on 20th.  Bulls should hold their horses till then before entering positions  with appropriate SLs.

After 20th, the targets I am looking at are 8370/8600/9100/9900 on the upside.  But before that, it  troubles me to notice that 5th of Wolfe wave is still incomplete. The fall may stretch till 8000 or a little lower, if it chooses to do so.. 

All the best to the readers.

PS: I am going to be very busy these days to be able to provide much help on the updates.  Readers must keep appropriate cover for any positions taken. 

Intraday 27 April 2015

Time Tuned Nifty

Time Tuned Nifty for 27 April 2015

The high and low zone are as below:


0930 - High Zone (Expect a sharp rise to 8365 and a mandatory rise above 8363.05)

1315 to 1330  - Low zone (Expect a low of 8140-8150.  May follow 8365-70 > 8270-60 > 8305-10 > 8150-8140)


The low at 131501330 may mark the end of this fall.  What would follow is a rise that should make the first halt possibly on 30 Apr 2015.  On that it may reach as high as 8700.


All the best

Intraday 24 Apr 2015

Time Tuned Nifty

Time Tuned Nifty for24 Apr 2015


1025 - Low Zone.  Possible targets could be 8353/8326/8230

1345 - High Zone.  Possible targets could be 8400/8590 and if dips  below 8284, the timings will change.

The best option for me seems to be a dip to 8326, a grinding rise to 8400 and then a fall to make the lowest point on Monday.

All the best.

Next Three Days

Time Tuned Nifty

Time Tuned Nifty for 23 - 24 Apr 2015

Before I give the timings, let me touch upon some generic issues.  Nifty seems to have gone into an ED from 8463 and has completed first two fractals of this ED. If this perception is correct, then Nifty is unlikely to cross 8463 till the ED gets completed.

There is a WW developing and the current fall is shaping the last leg of the pattern.  If it indeed is developing as a WW, then it must go below 8160 roughly and 10 points of error on both side may be kept in mind for inaccuracies in my drawing.  This apart, the last leg by itself may get completed at 8140 or so.  As long as this leg gets below 8170, any number would be fine.

In one of my previous posts "Finale 15 Apr 2015", I had mentioned low days as 20, 23 and 25.  While I regret the mention of 25(being a Saturday) instead of 27, what I intend to bring out is the possibilities that may emerge within this framework.  If the intent of Nifty is to indeed go towards 8140, then it may dip to 8230-8220 on 23 without breaching 8463, then subsequently it would come to 8380/8432 roughly before dipping again in the morning hours of Monday, the 27th to make 8140.

It may also happen that the entire setup I have narrated here turns into rubbish at the opening bell itself.  Indicator would be a breach of 8463.

The timings for the high/low zone for these three days are as below:

23/1300 - Conflict zone.  I expect it to favour a low and this is where the low may be made.  May coincide with 8230. Confirmation will be a breach back of UTL of last channel sharply.

 24/1300 - High zone.  Provided 8230 is ticked on 23rd.  Otherwise, this will have to change.  A rise to 8380/8430 may be expected.

27/Morning hours - Low Zone.  The fall may finish possibly at 8140.

All the best.

Intraday 22 Apr 15

Time Tuned Nifty

Time Tuned Nifty for22 Apr 2015


1110 - Low zone.  Expect a new low around 8350/8330

1145- High zone. Expect 8415/8460.

1205 - Low zone.

1400 - High zone.  Expect a rise to 8410/8510

1520 - High zone.  Expect a rise to 8555

All the best.