pankajvw

Nifty in the long Term and Medium Term as per Timewave!

NSE:NIFTY   Nifty 50 Index
Hi All, Good Morning!

Nifty             in long term has completed its upward journey on 6th             Jun 2017, which started from 26 Dec 2016. Please see the chart below.

This long term wave will end in Sep end this year. It will just retrace the previous wave.

The medium term wave which started from 6th             Jun is about to end tomorrow or day after. Please see the chart.

The plan is to go long for next few sessions once this MT wave ends. And then short from there.

Comment: Tue 20 Jun 2017 Nifty View

Good Morning All!

The Nifty is very tightly range bound, one day 70 points up-move ( 40 points of which were eaten away in gap-up) does not constitute much! Don’t get excited by such intraday up-moves.

Also, Nifty is going to be sideways till Monday next week, with some upward bias. Nifty had a possible MT target on Wednesday tomorrow, but it will now be skipped, and the next medium term wave (which will start from Monday 26th ) is also down.

Please stay out of the market currently.  If you can, you can sell OTM options – both call as well as put.
Comment: Even if Nifty crosses ATH 9797 approx., it wont change the main story, Nifty will still be bearish for next 2-3 months!
Comment: correction: 9707
Comment: Nifty remained range bound as mentioned in this post.

This post is now being followed at:
What i like is your confidence very few advisors give time n price projection togeather. Agree with your projection target. My personal opinion is reversal from 9119 earlier all time high.agree with your time frame of sept. End. I may be wrong also. Thank you
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pankajvw Yp2303
@Yp2303, Many thanks! Welcome :)
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Cat on the Wall 9575 , Agree biased is down 9283 (23.2 %) 1st target with many whipsaw

swiftly down to 9021 @ 38.2% retracement by Sep 2017
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I think it will go Up...
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pankajvw raca4u
@raca4u, For 3 months, it wont.
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Buy or sell
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pankajvw get2patel
@get2patel, Neither buy nor sell. Sometimes staying out is best option :)
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