Mon 16 Jan Timewave View on Nifty Short

Nifty 50 IndexNSE

Description

⋅ Jan 16, 2017 2:57 AM

Good Morning Guys!

From 27th Dec to 12th Jan, Nifty gave a marvelous impulsive upmove, and Timewave booked 375 points of profit.

Now we are short from 8400 level, and Nifty will remain down till 18th Jan Wednesday.
This is a retracement move of the impulsive upmove. Targets are 8320 and 8298
New short positions can be taken at 8400 level.

Comment

⋅ Jan 16, 2017 4:32 AM

Holding this position would requite patience, especially today.

Comment

⋅ Jan 16, 2017 9:28 AM

Please carry forward the short position. Please understand that as this is a retracement move, it will go down in a sluggish manner.

Comments

UnknownUnicorn646072

⋅ Jan 16, 2017 12:13 PM

some times share to us about your time waves pankaj more we want

scapital123

⋅ Jan 16, 2017 10:41 AM

Great to see your knowledge...Can you refer any books for . And apps share your view on Tata steel rel infra I am stuck in shorting the stock.

Dayanandan

⋅ Jan 16, 2017 9:19 AM

Good prediction Pankaj ji.

pankajvw

⋅ Jan 16, 2017 9:31 AM

@Dayanandan, thanks!

krish2052

⋅ Jan 16, 2017 4:56 AM

I am holing ITM options. few lots.

SaurabhMehra

⋅ Jan 16, 2017 3:26 AM

@pankajvw - On Friday you mentioned "Fibo target will also change as now we have more time. 1st target 8240. (lets first achieve this then will calculate more)".
You have changed the targets to 8320, 8298?

pankajvw

⋅ Jan 16, 2017 4:06 AM

@SaurabhMehra, these are the minimum targets. There are a few more Fibonacci ratios to look forward to. See in Timewave methodology, levels are secondary, trades are entered and exited on the basis of time

Basty

⋅ Jan 16, 2017 9:58 AM

@pankajvw, when will you make a tutorial sort of thing for timewave ?

Basty

⋅ Jan 16, 2017 3:03 AM

Stop loss ?

pankajvw

⋅ Jan 16, 2017 4:07 AM

@Basty, Stoploss is 8450 NS, please adjust for future, by adding premium.