Time Tuned Nifty
Time Tuned Nifty for 23 February 2016
Further to my post 11 Feb 2016 : Low may be Around the Corner.
With the low dipping to 6869 on 12 Feb 16, the high zone has got shifted. Now the high may come on 27-28 March 2016 instead of 04-07 Mar 2016 provided the low remains intact till then.
Meanwhile, the intermediate high zone is likely to come on 25 Feb 2016 and may get stalled near 7280. Subsequent fall should see a low on 02-04 March 2016 or a little later.
Recommended Plan
Close all longs on 25 Feb 2016, preferably between recent high and 7280 and initiate shorts or take cover positions through 6900 PE of Mar expiry.
On 03 March, most likely around 6920-6900, take CEs through 7000-7200 strikes for a high on 28 March 2016.
All the best.
Time Tuned Nifty for 23 February 2016
Further to my post 11 Feb 2016 : Low may be Around the Corner.
With the low dipping to 6869 on 12 Feb 16, the high zone has got shifted. Now the high may come on 27-28 March 2016 instead of 04-07 Mar 2016 provided the low remains intact till then.
Meanwhile, the intermediate high zone is likely to come on 25 Feb 2016 and may get stalled near 7280. Subsequent fall should see a low on 02-04 March 2016 or a little later.
Recommended Plan
Close all longs on 25 Feb 2016, preferably between recent high and 7280 and initiate shorts or take cover positions through 6900 PE of Mar expiry.
On 03 March, most likely around 6920-6900, take CEs through 7000-7200 strikes for a high on 28 March 2016.
All the best.
recent high is 7252 i think and today close is 7109 so now in 2 sessions do you see mkt moving from 7109 to 7252/7280? which shd be the best level to add 6900 PE march?
ReplyDelete7280 or below 7070
DeleteThanks a lot Sir !
ReplyDeleteIf Nifty remains below 7060 till 1430 or goes below 7000, a short can be initiated for 6900 or a new low below 6869. Bullish intent will be visible only above 7110. 03-04 March remains the day of low. Hence, do not rush to go long unless 7110 is breached.
ReplyDeleteperfect trade set up.Now if we consider 7110 difficult to breach and 03-04 march as red days means 7110 wld be broken only after that.7th is a holiday and so any breach of 7110 wld take us to 7268 which again is another v v strong resistence.With this 10th is again a deep red day and so any rise to 7268 wld be sold for a deeper fall to 6600?as of now 6825 looks like a short term bottom done
ReplyDeleteNifty should now proceed to test 6970-6870 zone. Ideally 6900.
ReplyDeleteAfter Successful Anaylsis FEB 11 & FURTHER UPDATE FEB 23 ...NOW Mkt reaching your first tgt of 7650 .. now kindly review analysis going forward
ReplyDeleteHi Falcon Sir.. We've been following your views on Nifty for a long time and have found them to be consistently successful. However, recently the trading calls made by you haven't panned out well (and have led to losses in the trades we followed from your directions).
ReplyDeleteCould you please update with a final view on Nifty from your end (with the levels or the low/high times)?
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ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSir ..please update ...
ReplyDeleteThanks