pankajvw
Long

Fri 14 Jul 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
Hi All,

SGX             Nifty             is 10.5 points up as of writing. Fibonacci wise, 9970 is the target.

Time wise 9:34 is an important time today , which is likely to provide support and push prices further up. Next possible end time I will communicate as we go along.

We are currently holding a long position bough at 9878 with stop-loss at 9850 NS             .
Comment: Next support is at 10:30
Comment: Strict TSL 9850 NS
Comment: Please revere the trade and go short
Comment: TSL: 9880 NS
Comment: Set the TSL to 9900 NS and carry forward, now Nifty will emain down till 20th July
Comment: Actually it was a short right at 9:34 when Nifty was going down after it. But my mind resisted...
Comment: I dont think its going fown, sorry about the confusion, please reverse the position, Nifty will remain up till 20th.
Comment: I dont think its going down from any angle. Please maintail TSL at 9850 NS and carry forward.
Comment: Mon 17 Jul 2017 Nifty View

Hi All,

SGX Nifty is up 40 points so a gap is on the way. Revised TSL for the current position is 9860 NS.
9:24 is a critical time, where I will again revise the TSL upward and reverse the trade if it gets hit.

@tradewise: Why we exited the trade on Friday and then reversed it saying that it was a mistake has to do with my intraday waves.  My calculated support was at 10:35, but Nifty was going down after that, so I called for exit. But Nifty within half an hour again came up and started going above level of 10:35., so I had to reverse.
The above was not a mistake, this is as per methodology. Mistake happened at 9:34, I should have reversed the trade just after 9:34 when Nifty was going down, and then should have again reversed when Nifty was going up after 10:35 level, thus booking profits at both the places.
Comment: Set TSL to 9995 NS. Reverse the trade if it hits.
Comment: Its 9895 MS ( typo)
Comment: Next support is at 11:06. Nifty to remain sideways till then.
Comment: Set the TSL to 9870 NS and wait patiently, no need to reverse now, critical time is over.
Comment: I think it can remain slightly down till 14:33. One can either wait patiently or can exit here and go long again at 14:33
Comment: Please carry forward.
Comment: Tue 18 Jul 2017 Nifty View

Hi All,

Today at 9:35 is the support which if Nifty breaks we can see a down day.

Overall the turn date is Thursday 20th July, 3 sessions to go. Nifty will see a level of 10000 and BankNifty 24200 around. After that we are in a retracement mode again.
Comment: Nifty is opening 83 points down. Time to add to your positions and fresh new buying. Turn date is 3 sessions away. Wait patiently.
Comment: Nifty has been dragged down sollely by ITC, increased taxes on Cigerettes. Rest of the market is doing good. BankNifty is down only 20 points.
Comment: So once 9:35 level was broken, it was a completely down day for Nifty.. Support is just before market closing. Please hold and carry forward.
Next support is at 10:30
Reply
Set TSL to 9830 NS, support to come at 9:34
Reply
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