Nifty Timewave View - till 27 Dec

Nifty 50 IndexNSE

Description

⋅ Dec 21, 2016 2:30 PM

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

⋅ Dec 22, 2016 7:19 AM

Looks like its down in an impulsive way and not sideways. But still down till 27th Dec.

Comment

⋅ Dec 22, 2016 8:56 AM

previous timewaves: prnt.sc/dmiq4d

Comment

⋅ Dec 23, 2016 3:16 AM

Today Nifty would be more of sideways. 3 more sessions to go to complete this down move.

Comment

⋅ Dec 23, 2016 8:26 AM

This bounce back should be sold into Monday only. No need to carry forward any position over weekend.

Comments

roysumit123

⋅ Dec 28, 2016 9:44 AM

Hi Pankaj,
Thanks for your great timewave analysis which found true on 27th Dec. Hope you will continue posting your valuable view in this site.

pankajvw

⋅ Dec 28, 2016 9:48 AM

@roysumit123, thanks! Sure!

UnknownUnicorn646072

⋅ Dec 22, 2016 9:12 AM

is gravitational waves attracting nifty like apple to the ground

pankajvw

⋅ Dec 22, 2016 9:53 AM

@rupambose32, correct :) , and later they will attract upwards as well.

UnknownUnicorn646072

⋅ Dec 22, 2016 9:59 AM

@pankajvw, thank you

praveen.bhatiya

⋅ Dec 21, 2016 4:06 PM

Does it mean that the older wave with bullish possibility got void and no more valid?

pankajvw

⋅ Dec 22, 2016 3:42 AM

@Praveen.bhatiya, Actually the bullish wave which started was too short. It started from Tuesday and ended on Wednesday afternoon around 3:00 PM. I will attach a snapshot here. Its giving an appearance of 4th wave.

ashokk

⋅ Dec 21, 2016 2:59 PM

Dec 0.44%..................what does this mean ? Thanks.

pankajvw

⋅ Dec 21, 2016 3:40 PM

@ashokk, tradingview is automatically inserting some text.