Thu 12 Jan 2017 Nifty View

Hi All, Good Morning!

Stop Nifty, stop! And lets trap the late entrants!

Today Nifty is very likely to achieve the third and last target 8444. Today being the turn date, Nifty will complete its upmove around 14:56 and start its downward journey.
So two actions, first lets exit at level 8444 around , second after confirmation, go short. Stay tuned to Telegram for action items.

By the way SGX Nifty is at 8423.50 up 26.50 points

All the levels and dates were initially published on 3 Jan post , link below. All is being met.

Comment:

Please add 8800 PE January series to your market watch. When I issue a short call, buy that one.

In Timewave we trade only in 400 points deep in money options or futures where premium component is low. That way we don't loose money in case market goes sideways. Protecting initial capital is very very important. In stock market money can be made only by those who know how to protect their capital.

In case of BankNifty please trade in futures only as volume in deep in money options is very very less in case of BankNifty.

Trade active:

Please maintain TSL at 8370 Nifty Spot.

Trade closed: target reached:

Action: Please exit all long positions. and wait for short position to be taken.

Comment:

Does not look like Nifty wants to go towards 8444. For the short position 8450 will become the stoploss, I just want a level which is as close to this as possible.

Comment:

Action: Short Nifty here, TSL: 8450,

Comment:

Target etc I will tel in the night today after calculations, but stop loss will not hit rest assured and second 200 points minmum , so reward raisk ratio is 4:1

Comment:

Carry forward the short position

Comment:

Please check new post