BankNifty timewave viewBankNifty follows the same time cycles of that of Nifty. BankNifty for past couple of days had been underperforming Nifty and is a perfect shorting candidate.
However do not be in a hurry, short it on Tuesday, 10th Jan, once I confirm Nifty has completed its current running Timewave.
Sensex
Tue 10 Dec Nifty Timewave ViewHi All!
So the possible turn date has arrived. Nifty will ‘possibly’ turn down only after 15:00 today.
If this date gets skipped I will calculate and communicate next turn date .Please stay tuned to my updates here.
Continue to hold long positions with TSL at 8200 NS.
Reards
Pankaj
High reward risk ratio short term timewave trade in NiftyHi All!
Look at the setup in the chart. keeping 8225 as a tight stoploss, one can target 8325 on Tuesday. Reward Risk ratio greater than 8. Enter right at the opening on Monday tomorrow.
Methodology used: Timewave. Keep following for further updates on this.
Regards,
Pankaj.
Fri 6th Jan Nifty TimewaveWe are pretty close to our first target of 8227, even second or third might be achieved by 10th Jan.
Follow me for very clear, consistent, and serious tradable advice.
Most people were bearish or were waiting for a breakout/breakdown for further confirmation. Death cross, upper resistance line, channel breakdown, negative divergence, FIIs were net sellers, but one must remember linear tools don't work in a fractal market! Just as Newtonian mechanics does not work in atomic physics and planetary motions!
If one is not in tune with time, one is wasting time of his life!
Regards,
Pankaj
Thu 5th Jan Nifty timewave viewThe Amazing Timewave is always a step ahead than the rest.
Yesterday it predicted a sluggish day, and so was it! In the last part of the day it predicted downside is limited, and SGX 0.50%Nifty 1.02%is at 8230.50 up 32.50 points.
In sluggish environment, every other system remains confused on what markets will do and keep generating signals on either side, and they don’t know when will it end causing traders to loose money or opportunity. But The Amazing Timewave had chosen a direction on Monday itself, and look that’s where Nifty 1.02%is headed today.
Previously as well turn dates of 27 Dec 1.22%and 2nd Jan had been predicted almost a week in advance, and accurate they were.
Regards,
Pankaj
2nd Jan Nifty timewave viewHi All, wishing you a very very happy new year!
So as I had indicated in my erlier post the Fibonacci target was almost met on 30th Dec, and also we have arrived at possible turn date as per timewvae.
. Today's price action will decide of the nature of things to come. If today (2nd Jan) is a down day, then Nifty will continue its upward momentum in coming days, otherwise next wave is downward. To know more, please keep checking this idea for more updates during market hours.
Someone had asked, can I predict for entire month, answer is no. I can see only 1 wave at a time.
Regards,
Pankaj.
Fractal time - Concluding partFirst look at how exactly on 27th Dec - the turn date predicted by Timewave - Nifty started moving up and on 29th, Nifty has again ended 74 points up, and again on 30th 82 points up leaving no doubt that it will continue upward for some more time. Timewave wise date is 2nd Jan.
So If astrology works so accurately, why a common man on the street starts smiling as soon as he hear the word astrology? The thing is that the astrology as it is known today and as it is practiced today is flawed. Astrologers just want people to believe them without first ensuring that what they have read and are practicing is indeed correct, verifiable and delivers results. First we do not have complete know-how of the subject, and then second, we do not put efforts into researching this further and third we want people to believe us blindly! Naturally, people will laugh at it.
I being a software engineer and having deep interests in modern physics was actually a non-believer in astrology. But somehow I got started on this journey of applying astrology to the markets and after almost 8 years of strenuous effort, I have evolved this to a high degree of precision and repeatable accuracy. What I have discovered is not there in astrology books and so is simply not known to other astrologers. Will someday write a book on this or organize a learning session. But till then I just want to share, experience and feel what a wonderful place this universe is!
Enjoy the following very interesting videos:
1. In this video Sadhguru talks in detail how time in ancient time was calculated:
www.youtube.com
2. Nasa now believes that life on earth was started by moon and will also be ended by moon, just the way a stock market move is started by a moon and is ended by moon! Watch the following highly interesting video:
www.youtube.com
Wishing you a very very happy new year!
Regards,
Pankaj
NIFTY FILLING PREVIOUS GAPIt is been observed on the hourly chart that the price action went up sharply to cover and fill previous gap down levels at 7970-80 levels and now facing resistance at current levels. If it closes above the resistance levels or the Gap levels then it may further go up or if it closes 7950 levels then it shall again go further down.
Einstein missed fractal timeHi All! Lets continue the discussion.
So while Einstein did really a great job in finding that time us relative and not linear, there were a few things which his theory was not able to explain.
First was expanding universe at an accelerated rate. If gravity was real, how is universe expanding in the opposite direction to gravity and that too at an ever increasing rate? To explain this other scintists came up with the idea of dark energy and dark matter, which till date no one has seen or found!
Second thing is quantum mechanics. Inside atoms, many a times a particle appears like existing simultaneously at two different locations. Or in other words it can be said that two particles exist at two different locations, but both of then have exactly the same properties, same vibrations, same wavelength that it appears as if they are connected to each other by some unseen force!
If you change something in one of them, the other one also reflects the change! It appears as if energy from one particle is being transmitted to other at a speed which is faster than light, but as per Einstein theory nothing can travel faster than spped of light. See the video: www.youtube.com
So what did Einstein miss? Nobody knows the answer, there are some theories and hypothesis, but none has been accepted totally by the scientific community. Some scientists say time is fractal, but fractal mathematics is not yet evolved, and without a proper mathematical model, these people do not accept anything.
I intuitively accept that time is indeed fractal, because everything else in nature is fractal. Expanding universe is at another bigger level of this fractal time, and quantum mechanics is at another smaller level of this fractal. But where to bring the mathematical model from?
Well, Vedic astrology has something to offer here. If you check how Mahadasha, Antardasha, Dasha, Bhukti, and then sub and sub sub are calculated , you will find that same type of lord assignment in the same order and in the same ratio proportion is happening at all the levels as follows: kpastrology.astrosage.com
You can do more search on this on google and youtube on how these things are calculated. But if you understand fractal properly, you will immediately see that fractal nature of time has already been addressed in Vedic astrology. However, one thing which we do not know (that information is unfortunately lost through the ages), why this particular lord assignment and why in this ratio proportion?
To be continued...
Market MovementsToday the market is almost at the same point it was a year ago. So during the year the market at seen quite a bit of a roller coaster. This year the Indian indices have been strongly affected by the USD strength. This chart is a correlation between the two variables, the USD and INR. The chart on the top shows a strong negative correlation between the two variables, meaning when the USD becomes stronger the sensex becomes weaker. The fall of the sensex in Aug 2015, in Feb 2016 and again in Nov 2016 amply demonstrate this. If this remains as is then the current decline should continue till positive news in anticipation of the annual reports start to pour in. Watch out for concerns in the either the weakening of the USD or INR in the coming months.
Comments and thoughts appreciated
Is time really linear? What is the solution for a fractal world?In technical analysis and elsewhere we often employ linear tools to solve our day today problems. But if anyone who has looked at Universe, would agree that this world is not at all linear at any level or any dimension whatsoever but rather fractal. ( Just in case if you don't know what a fractal is, search fractal on youtube and watch top 10-20 videos).
We just assume that linear tools would work and solve our problems. But a solution can only be considered a solution when it works for everyone under most situations. For example, ask any second class pass student world wide what is 2+2, they all will always give the same answer 4. But pick up any 2 technical analysts and show then the same chart, 70% chance is that they will differ! What is the issue? Is the application of technical analysis wrong, or is it technical analysis itself is not at a stage where every TA can say 2+ 2 is 4?
So I was talking about linear tools and fractal world. It is indeed true that except for the Elliott wave every other tool which we use to understand the chart is linear. Whereas we all know that market is a fractal. This could be one reason of failure. But then even Elliott wave just accepts the fact that market is fractal, when it comes to providing a definitive solution, it too falls short, Its quite evident that 2 EW experts more often than not will differ in their counts.
We human beings treat even time as linear. We have divided 1 year into exact 365 days based on rotation of earth around the sun, and once in 4 years add an extra day for some marginal error. Our hours, minutes and seconds are equally divided.
But if you really look closely, earth's speed actually varies around the sun throughout the year. Earth does not revolve in a circular path, but rather an oval path, and so does every other planet and even moon around the earth and electrons around the nucleus of an atom. As Einstein theory of relativity puts time, space and gravity into correct perspective, it is well known to scientists and physicists that time is NOT linear but is rather relative, and not only relative, it is a fractal!
More on this later...
Previous and current running timewaves in NiftyThe chart above shows the previous and current running timewaves.
The bullish wave which started on Tuesday 20th lasted only till next day - Wed 21st.
The current running timewave is downwards (with mostly sideways action)will end now on Tue 27th Dec.
Exact time of end I will share here on Tuesday.
Nifty Timewave View - till 27 DecHi All,
The current running sideways movement with downward bias in Nifty will end on 27th Dec Tuesday.
There is no point in taking either short or long position right now.
This period will favour option writers only, they will eat premium on options on both side.
It would be better to go long on Tuesday, 27th Dec in January series.
Regards,
Pankaj
Tue 20 Dec 2016 Nifty Timewave viewThe main advantage of timewave is that in a sideways market it does not generate any signal unlike technical analysis which keeps one in guessing mode. One just waits patiently.
So as I said yesterday, the downtrend has nearly come to an end, and now Nifty is all set to go high till 26-27 Dec.
I will keep updating this post during market hours, so please be sure to go through the comments. And feel free to ask questions if any. Thanks!
Nifty Breaks out Descending Triangle It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels.
Target: 8000
Stoploss: 8150
Risk Reward: 1:1