@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
@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.
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, 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.