pankajvw
Short

Wed 12 Jul 2017 Nifty Timewave View

NSE:NIFTY   Nifty 50 Index
Today’s (Tue 11 July) summary is captured in the chart and is self explanatory.

We shorted at 9809, going forward the stop-loss for this is 9830 Nifty             Spot. Overall the medium term target is 9460 Nifty             Spot, but as we are trading short term waves, we will be tracking it closely and exit as and when this short term wave ends, (and will ride the next one!).

When will this end? I cant answer immediately, but will let you know several minutes before it ends.
Comment: Continue to hold....Nifty to go down from here,
Comment: This downmove shortwave can end only tomorrow. Please maintain TSL at 9820 NS.
Comment: Please carry forward. Nifty though sideways so far, can fall in the last leg tomorrow. But if 9820 NS hits we will exit, thats a strict stoploss.
downmove end ? not goin towards 9700?
Reply
pankajvw SohilShah
@SohilShah, We will go towards 9700, but first this one will end tomorrow, another short wave will retrace it a little and then again down.
Reply
SohilShah pankajvw
@pankajvw, y is ur stop ay 9820? all time high is 9830, bulls simply not giving up
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Will nifty go down from here on?
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pankajvw devasiskrmahato
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@pankajvw, Thank you. Can u tell me if possible till what it will go down before the up rally starts as i had lot of puts bought at hight price on June 30 which ar now not even 1/10th of the cost price. I want to exit those. Help will be truly appreciated.
Reply
pankajvw devasiskrmahato
@devasiskrmahato, It can go down to 9640
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@pankajvw, Hi, Nifthy didnt go down today also. Is there again bullish form happening.
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