Fresh Update 2nd jan Nifty Timewave view for NSE:NIFTY by pankajvw

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NIFTY bankmifty sensex

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nifty bankmifty sensex

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

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Comments

Given that we're below 8190 today, you still feel that we'll go up till 10th Jan? Should one go long now? thanks

sanjivt

@sanjivt, yes, with one shall go long, with TSL at 8120, unlikely that it will be hit.

pankajvw

Thanks@pankajvw,

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

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.

pankajvw

@pankajvw, sir great strategy ,,good luck and wish you a super happy new year/regards

soibam666

@soibam666, Thanks! :) happy new year to you!

Good Strategy

suurresh2

@suurresh2, yeah thanks! There os a challenge in intraday but one day I will rectify that too.

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.