Tue 3 Jan 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
465 10
Good Morning!

Yesterday we went long at 8180 NS , target date is r0 Jan, TSL is 8120 NS .
Fibonacci levels to expect on the upside are: 8328, 8379 and 8444 Nifty shown above in chart
SGX Nifty as of writing is at 8201.50 up 17 points.

Comment: Fibonacci calculations:
Comment: Looks like some people did not read my comments in yesterday's post on going long. The best way to keep yourself updated on my views is telegram. You can install the app on your phone or desktop and follow the channel - timingnifty. Advantage with that is you do not have to refresh the page every now and then. You will get an alert directly on your phone when I change my view. Hope that helps.
Comment: Nifty takes out yesterday's high 8211.70, and did not revisit yesterday's low! Going good :)
Comment: Nifty once again at high point of the day.
Comment: Carry forward...
Comment: SGX nifty as of now is at 8228.50 up 38.00 points. Good!
Will apply in bank nifty and check it.
Great work!
pankajvw vanathi
@vanathi, thanks!
@pankajvw, Hello Pankaj
Any thoughts on what can be the scenario if SL is hit? what levels can be seen?
pankajvw sudhakar.bng93
@sudhakar.bng93, even if stop loss gets hit, its up! This is the nature of Timewave. It gets hit because of news based spikes, for example it was hit on BREXIT, but nifty very quickly recovered itself and went up as per Timewave!

So stoploss being hit is actually not a concern in Timewave! Amazing it is, isn't it?
@pankajvw, Yes... it's amazing but really very complex to understand but thats the reality... I vaguely remember like reading an article of your's on banknifty... Do you analyse for BN in similar way or just corelate it with nifty?

pankajvw sudhakar.bng93
@sudhakar.bng93, I had studied banknifty but found that it is very similar to Nifty. Turn dates for both of them are same, so left it. You can apply the same analysis of mine on BankNifty too.
pankajvw sudhakar.bng93
@sudhakar.bng93, on turn dates however its a different story.
During the same period some stocks would go up and some go down that mean we have to find and apply the principal individually, unique for the every stock depending upon his own time wave. What is your experience it works better for Nifty being the composite or it works equally good on stocks. Thanks
pankajvw praveen.bhatiya
@praveen.bhatiya, Hi Praveen, the methodology needs to be applied to any stock, index, commodity, to find what will it do in next couple of days. But issue is I do not have time to study so many. I am happy trading just Nifty.
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