pankajvw
Short

Fri 13 Jan Nifty View

NSE:NIFTY   Nifty 50 Index
Hi All,

So yesterday our third target 8444 was nearly achieved and we shorted at 8397 Nifty             level with initial stoploss at of 8450 yesterday. The next turn date is Monday 16 Jan and is likely to be skipped by Nifty             . First initial level by then to expect is 8308 NS             .

Order cancelled: As per the time fractals unfolding at the opening, Nifty will remain upward till Monday. Please close the short position at the opening and go long.
Comment: Exited short and went long at 8433 NS, TSL 8400
Comment: Below 8400 I will go short again.
Comment: Alright its down only, going short again, and it was just an opening spike, a huge one!
Comment: Today a bad day for me so closing all positions, will trade all freash on Monday.
Comment: Thanks all for your encouragement! There is a minor issue in my short time fractal, which I will look at during weekend.
Those who are holding shorts, can continue to hold with TSL at 8410. I will communicate when to exit.
Comment: Its a confirmed downtrend, Set TSL at 8450 NS . Even new fresh short positions can be taken. Target date is now Wednesday, 18 Jan

(Feeling better now, had lost my cool. )
Comment: The target date has changed because starting time of a wave is an input to fractal equations, this wed 18 Jan has been calculated from today's high at 9:15.
Comment: Fibo target will also change as now we have more time. 1st target 8240. (lets first achieve this then will calculate more)
Comment: Carry it forward,, this being a retracement kind of a move, it will be slow.
Comment: I understood where I was wrong. Short term wave sometimes just gets extended to next moon’s sublord change, and that’s what happened here. Lost 66 points in this, but will recover and be in profit by Wednesday.
I haven't taken a position yet.....what do you recommend for Monday morning? Should I short at open? thanks
Reply
Nifty - Trend has been reversed near to death zone 7870/7830, Medium term resistance zone 8420/8530. 8280 level will work as equilibrium point. For range of 8000-8500
Reply
Hi Pankaj,

Waiting for your next post.

Regards,
nandha
Reply
sorry it was nifty fut*
Reply
Nifty and Bank nifty both have formed Hanging Man patterns on daily with 2x and 4.69x ratio/strength. Not a very good positive news.
Reply
you have been extremely accurate, I am sure today was a blip. Thanks for sharing your views and method with us !
Reply
pankajvw anshuman_05
@anshuman_05, Right it was just a blip. Short term wave sometimes just gets extended to next moon's sublord change, and that's what happened here.
Reply
I have a feeling that nifty will hit 8500 easily on Monday. Worst part is that I am already short on nifty
Reply
@Basty, Hi Basty you have lots of comments and questions here, sorry was a bit busy and did not reply. Look, I had figured out what was the mistake, and what I see from my calculations is that its down till Wednesday. However its more of a retracement kind of a move, not an impulsive one. So because of the less speed it has, its natural you will feel like that, but for now it wont go up for sure.
+1 Reply
Basty pankajvw
@pankajvw, could you check bank nifty too ?
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out