Friday, January 01, 2016
Sunday, November 15, 2015
Is the Low Established in Nifty on 13 November 2015.
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.
Wednesday, November 11, 2015
Happy Diwali 2015
Wishing all the members a very happy and prosperous Diwali. May Godess Lakshmi shower her blessing to all of you. God bless.
Wednesday, November 04, 2015
Nifty on 05 Nov 2015 and Later : Possible Impact of / on Bihar Election
Time Tuned Nifty
Time Tuned Nifty for
The current week as well as next week are full of events that may move the markets substantially. There are plenty of news from USA coming and then we have Bihar exit polls and the result on Sunday. On various occasions I have maintained that TA at times also indicates the outcome of a pending news. Let us see what is expected in next 4-6 days.
Tomorrow between 0945-1000 hrs a high should be established. I am expecting a visit to 8130-8140. Above this band, bears are likely to get massacred and hence SLs should be tight for shorts and shorts are indeed advised.
Once this high is done (presumably at 8137) Nifty is likely to head towards 8040 and reach there towards closing 30 minutes tomorrow (05 November 2015). With shorts initiated at or near 8137, aim to get into CEs, if 8040-50 is seen around 1500-1530 hrs and hold.
I am expecting a lot of volatility for next 4-7 trading days, which works out to 10-13 Nov 2015. After the possible low at 1500-1530 hrs tomorrow, Nifty remains above 8040, it may head higher to peak on 10/12/13 th Nov. Possible targets in that case would be 8270-80 above which we should start looking for a new high for Nifty.
Summary
05 Nov 2015 - A high around 1000-1015 and a low between 1500-1530 (May come at the opening of next day)
06 Nov 2015 - A high at 1145-1200 hrs. Low yet to be defined.
09 Nov 2015 - A high at closing hours. May test 8160/8270. The corrective to the fall from 8337 should finish at this time.
13 Nov 2015 - Not accurately defined yet, but possibly on this day the C to the fall may finish. If it indeed does, we may see 7850-7800 and may be lower.
Readers may keep in mind that major moves may not come in this expiry. The extremes are indicated in Mid December. Whichever side it moves, the current extremes are likely to get stretched by then. We may see Nifty above 9200 or below 7500 in this period. Keep the intended positions covered with cheaper options. Also be miserly with initiating the position as well as with your SLs. e.g A short initiated near 8130-40 band, must have a SL at 8145/8150 coz above these levels, Nifty may head for 8270. If it does not, and gets below 8130 again, re-initiate shorts with SL a tick higher than the high made.
All the best.
Time Tuned Nifty for
The current week as well as next week are full of events that may move the markets substantially. There are plenty of news from USA coming and then we have Bihar exit polls and the result on Sunday. On various occasions I have maintained that TA at times also indicates the outcome of a pending news. Let us see what is expected in next 4-6 days.
Tomorrow between 0945-1000 hrs a high should be established. I am expecting a visit to 8130-8140. Above this band, bears are likely to get massacred and hence SLs should be tight for shorts and shorts are indeed advised.
Once this high is done (presumably at 8137) Nifty is likely to head towards 8040 and reach there towards closing 30 minutes tomorrow (05 November 2015). With shorts initiated at or near 8137, aim to get into CEs, if 8040-50 is seen around 1500-1530 hrs and hold.
I am expecting a lot of volatility for next 4-7 trading days, which works out to 10-13 Nov 2015. After the possible low at 1500-1530 hrs tomorrow, Nifty remains above 8040, it may head higher to peak on 10/12/13 th Nov. Possible targets in that case would be 8270-80 above which we should start looking for a new high for Nifty.
Summary
05 Nov 2015 - A high around 1000-1015 and a low between 1500-1530 (May come at the opening of next day)
06 Nov 2015 - A high at 1145-1200 hrs. Low yet to be defined.
09 Nov 2015 - A high at closing hours. May test 8160/8270. The corrective to the fall from 8337 should finish at this time.
13 Nov 2015 - Not accurately defined yet, but possibly on this day the C to the fall may finish. If it indeed does, we may see 7850-7800 and may be lower.
Readers may keep in mind that major moves may not come in this expiry. The extremes are indicated in Mid December. Whichever side it moves, the current extremes are likely to get stretched by then. We may see Nifty above 9200 or below 7500 in this period. Keep the intended positions covered with cheaper options. Also be miserly with initiating the position as well as with your SLs. e.g A short initiated near 8130-40 band, must have a SL at 8145/8150 coz above these levels, Nifty may head for 8270. If it does not, and gets below 8130 again, re-initiate shorts with SL a tick higher than the high made.
All the best.
Sunday, October 25, 2015
Nov 2015 and Ahead
Time Tuned Nifty
Time Tuned Nifty for Nov 2015
I had written my appreciation for Oct in my last post at October 2015 and Ahead . Nifty is on the verge of making 8360 and that may happen Either on 26-27 Oct or on 30 Oct-02 Nov.
Once this high is established, look for shorts between 8360-8370 with SL of 8400+ for a target of 7950/7500/7250. As long as 8370-8400 band is held, it is possible to see these figures in mid Nov to end of Dec. More refined indications may emerge later.
Time Tuned Nifty for Nov 2015
I had written my appreciation for Oct in my last post at October 2015 and Ahead . Nifty is on the verge of making 8360 and that may happen Either on 26-27 Oct or on 30 Oct-02 Nov.
Once this high is established, look for shorts between 8360-8370 with SL of 8400+ for a target of 7950/7500/7250. As long as 8370-8400 band is held, it is possible to see these figures in mid Nov to end of Dec. More refined indications may emerge later.
Tuesday, September 29, 2015
October 2015 and Ahead
Time Tuned Nifty
As long as 7723 is held, 8225/8360/8570 is under threat. Possible to see this on Oct/01 or Oct/04 or Oct/26. Below 7760, a threat to 7620/7534/7340/7080 will emerge. Possible on Oct/26-28 or Dec/21.
In all likelihood, nifty seems to be headed higher and ideal long zone would be 7760-7770, with SL of 7723 or 7590-7600 with SL of 7530. Target could be 8225/8360/8570 and may be much higher later.
Sensing that 11000+ may be coming in Jun 2016.
As long as 7723 is held, 8225/8360/8570 is under threat. Possible to see this on Oct/01 or Oct/04 or Oct/26. Below 7760, a threat to 7620/7534/7340/7080 will emerge. Possible on Oct/26-28 or Dec/21.
In all likelihood, nifty seems to be headed higher and ideal long zone would be 7760-7770, with SL of 7723 or 7590-7600 with SL of 7530. Target could be 8225/8360/8570 and may be much higher later.
Sensing that 11000+ may be coming in Jun 2016.
Wednesday, September 02, 2015
Nifty Nearing the End of Fall
Time Tuned Nifty
Time Tuned Nifty on 02,September 2015
Let us first see EW.
A=9119-7940=1179
B=8040-8665=625
C=8665-7669=996 so far. Ideal at A=C will be 7486. So far the moves from 8665 are on course, both in terms of value and time. As indicated in my previous post, 03 or 04 Sep 2015 can be a major low zone. Bears should be cautious for a sharp rise. From tomorrow onwards, bulls will be waiting to lauch the penultimate attack on bears. Their aim most likely will be 10144or higher. What I expect for tomorrow is that a minor rise may take place in the morning trade followed by a sharp dip to get below the last low by close or by early morning on 04 Sep.Point to watch is 7586/7450/7300.
Time Tuned Nifty on 02,September 2015
Let us first see EW.
A=9119-7940=1179
B=8040-8665=625
C=8665-7669=996 so far. Ideal at A=C will be 7486. So far the moves from 8665 are on course, both in terms of value and time. As indicated in my previous post, 03 or 04 Sep 2015 can be a major low zone. Bears should be cautious for a sharp rise. From tomorrow onwards, bulls will be waiting to lauch the penultimate attack on bears. Their aim most likely will be 10144or higher. What I expect for tomorrow is that a minor rise may take place in the morning trade followed by a sharp dip to get below the last low by close or by early morning on 04 Sep.Point to watch is 7586/7450/7300.
Tuesday, July 28, 2015
Nifty as Perceived on 28 Jul 2015
Time Tuned Nifty
Time Tuned Nifty for 28 Jul 2015
Nifty made a high of 8654 during the current rise and it seems that bears may have started to regain control.
However, it did start the downmove for the earlier defined low day of 27 July, which has now shifted to 30 July 2015. 8510-8520 zone again becomes crucial and will probably be the defining zone to indicate whether Nifty will make a new high in August 2015 (between 02-08 Aug) or it will go down to make a new lower low in October/November 2015.
What could be possible now may be as below:
30 July - A dip to 8175/8060 zone.
03-06 Aug - A rise to 8520, which may further go to a level around 9100, if 8520 is taken and sustained.
07 Oct - A low zone, which may correspond to 7000 or so.
A high zone that may be defined later and may test 7700-7800.
30 Nov - 06 Dec - A low zone, which may test 6700 or so.
Recent high and low remain crucial.
Time Tuned Nifty for 28 Jul 2015
Nifty made a high of 8654 during the current rise and it seems that bears may have started to regain control.
However, it did start the downmove for the earlier defined low day of 27 July, which has now shifted to 30 July 2015. 8510-8520 zone again becomes crucial and will probably be the defining zone to indicate whether Nifty will make a new high in August 2015 (between 02-08 Aug) or it will go down to make a new lower low in October/November 2015.
What could be possible now may be as below:
30 July - A dip to 8175/8060 zone.
03-06 Aug - A rise to 8520, which may further go to a level around 9100, if 8520 is taken and sustained.
07 Oct - A low zone, which may correspond to 7000 or so.
A high zone that may be defined later and may test 7700-7800.
30 Nov - 06 Dec - A low zone, which may test 6700 or so.
Recent high and low remain crucial.
Wednesday, July 15, 2015
Nifty Now ?
Time Tuned Nifty
Time Tuned Nifty for 18 June 2015
Nifty did go on to test 8300 region as perceived, but bears were unable to retain the pressure.
What could be possible now may be as below:
27 July - A dip to 8300-8090 zone. Below 7940, possibility of 7500/7300 will emerge.
03-06 Aug - A rise to 8800 - 9200, which may further go to a level between 9700-10200.
8510 remains crucial for now for bulls. Any dip below this should be used to close longs and go short.
Today's high /8562 would remain the datum for those who wish to ride the dip.
Time Tuned Nifty for 18 June 2015
Nifty did go on to test 8300 region as perceived, but bears were unable to retain the pressure.
What could be possible now may be as below:
27 July - A dip to 8300-8090 zone. Below 7940, possibility of 7500/7300 will emerge.
03-06 Aug - A rise to 8800 - 9200, which may further go to a level between 9700-10200.
8510 remains crucial for now for bulls. Any dip below this should be used to close longs and go short.
Today's high /8562 would remain the datum for those who wish to ride the dip.
Wednesday, June 17, 2015
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.
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.
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