Good Morning Guys!
So the turn date has arrived. Today at around 10:30, Nifty will complete its downward time cycle which it started on 13th Jan, and will be upward till 24th Jan at least.
Nifty from 13th Jan did not do much in terms of price retracement, it was just a time correction. In such markets OTMs loose money, and that’s why I advise against them. Yesterday morning looking at SGX Nifty it appeared as if Nifty will bypass today’s turn date, but Nifty did take a dip after the opening.
Levels to be achieved by 24th Jan will be shared tomorrow. But looking at current bullishness, 200 points shall be easy.
You are kind of taking loss too seriously, I never met a single trader who have been right all the times. You are very good with your method of time calculation, but you have to accept all calculations are just probabilities and they can go wrong sometimes. Do not panic, our job in stock market is not to be right all the times, it is making lot of profit when we are right (which you did) and avoid big losses when we are wrong (which you did right now).
There is practically no problems with your calculation, sometimes market is not supposed to respond as per our calculation.
It does provides time frames but I do not trust time cycles after 2 cycles.