pankajvw
Long

Thu 20 Apr 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
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Hello Everyone!

Let me explain a bit yesterday’s Nifty’s action. We bought at 9107 as per our pre-calculated time, and the bottom happened before that, please refer to the chart above. This happens usually on MT turn dates.

At 14:45 there was an intraday support, that’s the reason I asked to carry forward.

Today SGX Nifty is slightly negative, down 6 points as of writing. but nothing to worry about. We will hold this position with TSL at 9065 NS .

The way intraday waves have unfolded yesterday, chances are today’s short wave target of 13:29 might be skipped and Nifty will be bullish till tomorrow. Lets see.
Comment: TV distorted my chart. It asked me to change the timeframe from 1 min to 15 min, and in the process it shifted my arrow and first anchored text. Bad!
Comment: After the runway darama yesterday Nifty Airlines finally off the ground today!
Comment: Nifty at high point of the day, I will recheck things at 13:29, if if we have to exit, we will exit there. Please wait for confirmation. Thanks!
Comment: As per the new calculations form yesterday’s low at 14:45, today is a turn date. So if this TD1 ends at either 13:29 today or 10:24 tomorrow, we will see Nifty failing again in next TG2. Be ready to buy put options.
Comment: Its going down, which means, we can hold long position and carry it forward.
Comment: Keep 9107 NS as TSL.
Comment: Please keep the TSL enterd into system and keep capital protected. This wave is sluggish.
Comment: Action: Lets exit
Comment: Exited at 9115. Do not short. Will relook at this tomorrow. At mere 8 points profit on this one.
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