pankajvw

Nifty Timewave View - till 27 Dec

NSE:NIFTY   Nifty 50 Index
Hi All,

The current running sideways movement with downward bias in Nifty will end on 27th Dec Tuesday.
There is no point in taking either short or long position right now.
This period will favour option writers only, they will eat premium on options on both side.
It would be better to go long on Tuesday, 27th Dec in January series.

Regards,
Pankaj
Comment: Looks like its down in an impulsive way and not sideways. But still down till 27th Dec.
Comment: previous timewaves: http://prnt.sc/dmiq4d
Comment: Today Nifty would be more of sideways. 3 more sessions to go to complete this down move.
Comment: This bounce back should be sold into Monday only. No need to carry forward any position over weekend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.