pankajvw
Long

Wed 19th Apr Nifty Timewave View

NSE:NIFTY   Nifty 50 Index
604 11 8
Hi All!
Made 107 points on Tuesday! (Please refer to previous post).

Now will go long at 9:40 on Wed 19th Apr             .

The medium term bearish trend is coming to an end and will be bullish from here on for targets around 9370 NS             .

Target date will be communicated later as we progress.

Stay tuned.
Comment: Hi All,

So today at 9:40 we are going long.  Actual bottom may differ slightly, but that does not matter.

As of now I see this new bullish short term wave ending tomorrow at 13:29. Will confirm this further as we progress. I am expecting 9240 to be taken out, because thats where previous bearish short term wave had started.

As for the MT wave first turn date is highly likely to be skipped so its irrelevant. By the way its Fri 21 Apr. I am expecting Nifty to be bullish for the rest of the month. MT target would be 9370 around, but please please do not buy OTM as that target would very well be achieved after expiry.

Currently at 107 points of profit.
Comment: Action: Please go long. TSL 9060 NS, Will raise it later. targets already specified.
Comment: Bought at 9107 NS
Comment: Actual bottom will differ slightly, I had already mentioned. And waves are slow these days in the start and tepid at the end.
Comment: Updated TSL: 9078 NS
Comment: Put TSL back at 9060 NS.
Comment: Sometimes Nifty spends whole day in sideways action, and then gaps up next day and scales up exactly as per timewave,
Comment: Please continue to hold patiently. Nifty has not tajen out 9079, the low point of the day around pre calculated time. Its likely to gap up tomorrow. Carry forward.
Comment: Even if 9079 is taken out, its still hold and carry forward
Comment: Please carry forward. Nifty ending the day very near our buying lvele 9107
Comment: This idea is being followed at:
Hi Pankaj, moving per expectations i suppose? any updates on your yesterday comment
"I see this new bullish short term wave ending tomorrow at 13:29. Will confirm this further as we progress. I am expecting 9240 to be taken out, because thats where previous bearish short term wave had started."
Reply
pankajvw argies
@argies, This wave is ending tomorrow but is sluggish. I exited because of its sluggishness. Also its just retracing the previous short wave. Will short tomorrow.
Reply
Thank you...now not per your expectation.. do you want to deepen similar analysis with bank nifty.. which i think will influence the nifty.. thanks
Reply
pankajvw argies
@argies, It is as per expectation, I had sais actual bottom will differ slightly.
Reply
argies pankajvw
@pankajvw, Thanks buddy for clarifying.. good indications that your analysis in the right path, unless some news/events contradicts/challenges the long..
Reply
pankajvw argies
@argies, BankNifty will behave the same.
Reply
grapefruit pankajvw
@pankajvw, Hi wanted to check this is Nifty and not Nifty Futures Chart right, so how we trade on this chart, can u guide or their is some other futures chart.
Reply
My view
No Idea.
Fact :
9200 Call Open interest 52 lakh , 9100 put open interest 52 lakh , Big players are squeezing all the premium and will keep it range bound.
Reply
pankajvw neneram
@neneram, true, but I will squeeze even more....will demonstrate here.
Reply
hello Pankaj
NIce seeing you in board after quite some time... Any views on bank nifty?
Reply
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