pankajvw
Short

Fresh Update 2nd jan Nifty Timewave view

NSE:NIFTY   Index of the 50 listed India companies
Nifty             is down till 10 Jan. Stoploss - 8190
Comment: If 8190 is taken out go long, it will be up till 10 Jan in that case.
Comment: Its almost already hit, I am going long from 8180. Target 10 Jan, TSL today's low.
Comment: After some sideways movement here it will go up.
Comment: Carrying forward the long position.
Comment: This post is now being followed at
Tue 3 Jan 2017 Nifty View
What is the target by 10 Jan?
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@atulm, will update tomorrow on that, Timewave is primarily about time.
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As the tradingview provide charts of cash only I understand that the stop loss level of 8190 is on cash not on future price. Am I right here.
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pankajvw praveen.bhatiya
@praveen.bhatiya, Yes, that's right its cash or spot basis only. For futures, just adjust for premium and add couple of points more.
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@pankajvw, Thanks for prompt reply. Just one doubt in your earlier post it was mentioned if today is down day then trend is up for coming days. It seems that it is down day but your view has changed any specific reason. Best regards
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pankajvw praveen.bhatiya
@praveen.bhatiya, yes, actually in my short term calculations I found that today morning 9:16 is an important resistance, so I changed my view. In Timewave short term waves are most complicated, rest all is easy. Stop losses get hit only on turn dates like these, otherwise one just holds till the next turn date arrives.

So be ready to go long if TSL gets hit.

Regards,
Pankaj.
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@pankajvw, Thanks a ton sir.
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Hey Pankaj,
Gr8 predictions..!
can u plz. organize any online a training session on - Time Wave.?
or plz. share any link to learn it - amol.joshi21@gmail.com
Tnx
Amol J
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pankajvw ajPhoto
@ajPhoto, Thanks a lot! Someday will organize a class room session for sure. Will update here.
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ajPhoto pankajvw
@pankajvw, Tnx a lot..!!!
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it is close to hit the TSL of 8190. How do you handle it just reversing the position on hit or to give some room. I am sure it is not on closing basis. Looking forward to your reply.
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pankajvw praveen.bhatiya
@praveen.bhatiya, i will update that here, and on my telegram channel. u can join my telegram channel timingnifty - its public.
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pankajvw praveen.bhatiya
@praveen.bhatiya, Its almost already hit, I am going long from 8180. Target 10 Jan, TSL today's low.
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Good Strategy
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pankajvw suurresh2
@suurresh2, yeah thanks! There os a challenge in intraday but one day I will rectify that too.
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Pankaj Sir, I have not understood 2nd Jan Time wave ! Market has turned downwards and recovered most of losses, and before 2nd Jan market was in Up move So are you saying that 2nd Jan is not Nifty Turn Date it will be 10th Jan ??? Sir please clear
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pankajvw HappyVijay
@HappyVijay, In order to determin if market will actually turn down on a turn date, we use short term waves. And short term waves indicated to me that Nifty will go up from here on to next turn date which is 10 Jan.
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soibam666 pankajvw
@pankajvw, sir great strategy ,,good luck and wish you a super happy new year/regards
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pankajvw soibam666
@soibam666, Thanks! :) happy new year to you!
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Given that we're below 8190 today, you still feel that we'll go up till 10th Jan? Should one go long now? thanks
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pankajvw sanjivt
@sanjivt, yes, with one shall go long, with TSL at 8120, unlikely that it will be hit.
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sanjivt pankajvw
Thanks@pankajvw,
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