27 Dec Nifty timewave View

Dec 27, 2016

Good Morning!

Nifty Spot CMP: 7908.25       SGX Nifty: 7922 up 11 points

So, as I have indicated the fall would continue till 27th Tuesday, Nifty is down significantly now, and 27th has arrived.

Today after 1:30 PM Nifty shall complete this downmove, please wait for final confirmation. Buy in January series. Thanks!

Dec 27, 2016

Note

If Nifty does not form a bottom around 1:30 PM, and is instead at the high point of the day, then the next Timewave is also DOWNWARD and is a shorting opportunity.

Dec 27, 2016

Note

Action at 13:59: Short Nifty in January series, with 40 points stoploss above days high.

Dec 27, 2016

Note

Target date: 2nd Jan 2017.

Dec 27, 2016

Note

shorted at 7970.

Dec 27, 2016

Note

Reversing the trade , going long..as per my original idea.