The day is expected to be a bit volatile. As nifty was in WW one should not be surprised if Nifty tries to touch the level of 10980-10940 level(Refer my previous chart of NIFTY MULTI DIMENSIONAL VIEW to see the reversal timing assurance, it is pinned in this chart, it will show you the prediction of the past 2 days). The velocity of the Nifty has decreased a lot in the last 3 days. One should avoid taking any decision for any long term position in either long side or short. On 12/9/2019 the Nifty's reversal point stands to be at nearly around 11:30. In daily Chart there is still space left for 80 points which would be of-course a point for make or break because on daily chart the reversal zone are nearly around 12th & 13th September So please sit tight and avoid speculating. Basically one possibility could be Nifty can show a bearish sign in the opening and around 11:30 it could show a upward reversal, but the velocity remains an important factor.
Time plots are in different colour for better understanding. Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers(2,3,5,8,13) are predicted(system generated) referring a particular wave.
Time plots are in different colour for better understanding. Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers(2,3,5,8,13) are predicted(system generated) referring a particular wave.
Comment:
Market has opened with a gapup. Respecting the daily chart
Trade active:
But soon the market turned bearish as expected and mentioned
Trade active:
The bearish mode finished at nearly around 11:30 candle as mentioned in the post from 11015. And lasted till 11057 at nearly around 12:45( not mentioned in the post)
Trade closed: target reached:
Nifty closes at 10980 Level
