A trader has messaged me privately, has confessed that for past 6 years he had been trying hard to make TA & Elliott Wave work for him and its not turning around and shall he continue the effort or drop it? Shall he entirely drop stock market altogether?
Answer:
Whatever I will say here I will say on the basis of my own direct experience, will say only the...
Hi All,
News causes short term sharp movements which I call spikes, and Timewave can NOT predict them. After spikes are over market always resumes its normal course and does exactly what it was already set out to do. Examples are BREXIT Friday and Trump Tower.
Today as well, there will be spikes and they won’t follow any level or TSL, but Nifty after these...
515 points of profit booked already since 27th Dec!
Now Nifty is down till 2nd Feb.
Targets as per Fibonacci are 8591, 8559 and 8541.
Its a retracement kind of a move (and not impulsive). Lets take whatever it gives and enjoy!
BankNifty follows the same timecycle as that of Nifty, so whatever buy/sell I share on my Nifty post, please apply to BankNifty.
The BankNifty will also remain downwards till 2nd Feb and levels to look forward to are 19472, 19384 and 19258.
Please be very very careful with OTMs. Trade only in future.
Hi All!
Captured above are Fibonacci levels for BankNifty. BankNifty has already nearly achieved 9.786 extension. Monday 30th is a possible turn date as per Timewave. Stay tuned and keep following for realtime market updates on where it is headed.
Hi All!
As you can see in the chart above, Nifty is currently at 0.618 projection level. It has already achieved all levels previously shared by me.
30 Jan is a possible turn date. Please stay tuned and keep following for realtime market updates on where is Nifty headed next.
We all start trading thinking that we will become at least rich if not super rich. But how many of us really are able to achieve he goal we have had set for ourselves at the very beginning.
We read books after books on Value investing, Technical Analysis, Elliott Wave, so many other indicators, follow blogs and forums, and yet many of us still feel as if we are...
Good Morning folks!
SGX Nifty is at 8517 up 31 points as of writing and I am all set to recover my 135 points loss which I made from 13th Jan onwards. Before that from 27th Dec I had made 375 points profit, and by 30th Jan, I am only going to add to it.
Today is expiry day, so if anyone is holding Jan series options/futures, please rollover at any time during the day.
Tue 24th Jan 2017 Nifty View
Hi All ,Good Morning!
Nifty is up at least till 30th Jan and first two possible levels are 8540 and 8606. One shall go long at the opening in deep in money options or future of Feb series, and if holding Jab series, then roll over on Thursday.
Yesterday short term Timewave indicated down move has ended and we immediately closed...
Hi All,
Now finally Nifty has given a clear indication, and now its surely down till tomorrow, 24th Jan, the expected levels to be achieved are 8290 and a bit further down is 8243 as per Fibonacci ratios shown in the chart below.
Short Nifty at the opening, maintain TSL at 8430 NS. But now its guaranteed down.
WatchOut for ICICI Bank Potential Breakdown of a long term channel, as it has failed to move up to test upper line for the third time, A break below can take it all the way down towards 200. Axis banks results were also not very supportive.
Shorts Can be taken with an SL above recent highs and for the Targets of 225, 205
Nifty will remain upward till 24th Jan 2017 But the movement will be sluggish.
Today at 11:38 AM, one can go long in deep in money call option or future. (in case of BankNifty only future).
Targets to look forward to are 8488 and 8515 Nifty Spot.
Stoploss is 8370 Nifty Spot.
It is been observed on the hourly chart that the price action trending aggressively up from 7900 levels to 8450 levels (550+ points). Now, it is consolidating in a range of 8380 -8455 (75+ points). It is facing resistance at 8455 levels and made a double top at the same levels. Now, it is consolidating in a triangle and further breakout shall decide the movement...
BankNifty is Looking to move towards 16500 now, there are three reasons mainly....
1- Banknifty is trying to Form a Channel.
2- It is trying to move in a (W) Formation Contantly with 1.41 extensions as targets.
3- It is trying to Fill every gap one by one (show with numbers on the chart)
Short Positions can be taken for the targets of 17000, 16500 with an SL...
Hi All ,Good morning!
Thanks for all your inputs folks! I will find out a good tradeable trade and get back to you, will of course broadcast it to telegram and update the post here.
In the meanwhile let me answer a few commonly asked questions.
The current issue: Well there is nothing wrong in calculations. As most of you already know I use intraday/short...
Wed 13 Jan Nifty View
Good Morning Guys!
So the turn date has arrived. Today at around 10:30, Nifty will complete its downward time cycle which it started on 13th Jan, and will be upward till 24th Jan at least.
Nifty from 13th Jan did not do much in terms of price retracement, it was just a time correction. In such markets OTMs loose money, and that’s why I...
Tue 17 Jan Nifty View
Hi All!
Wed 18 Jan (tomorrow) was strong support for Nifty , it was Sun’s support to be frank, and Nifty through its sideways action and slightly upward bias is trying to avoid it. Thus the strong support will now become a resistance! And Nifty afterwards will go down for a longer duration and a deeper level than initially thought.
So the...
