Tue 11 July 2017 Nifty Timewave View
Diupdate
Tue 11 Jul 2017 Nifty View
So while in the early morning today (Monday 10th), SGX Nifty was 22 points down, Nifty gaped up, and continued its upward motion as per short term Timewave prediction!
It skipped the predicted times of 10:02 and 11:33 as at those times exchange was down. NSE faced major technical glitch today and the National Stock Exchange is totally tight lipped on what went wrong.
Next time for this upmove to end is around 10:00 AM tomorrow (Tue 11 Jul).
In the longer term I maintain the view that Nifty is down since 6th June. Today’s upmove and a breach of previous ATH is just a fad, and is NOT going to sustain. Anybody who thinks Nifty is going to touch 10000 soon will be trapped for 3 month!
(Please note that I use Timewave methodology to determine market direction which is a Vedic Astrology based technique.). This is the only technique which answers when exactly to go long and when exactly to go short , and that's what a trader needs!)
So while in the early morning today (Monday 10th), SGX Nifty was 22 points down, Nifty gaped up, and continued its upward motion as per short term Timewave prediction!
It skipped the predicted times of 10:02 and 11:33 as at those times exchange was down. NSE faced major technical glitch today and the National Stock Exchange is totally tight lipped on what went wrong.
Next time for this upmove to end is around 10:00 AM tomorrow (Tue 11 Jul).
In the longer term I maintain the view that Nifty is down since 6th June. Today’s upmove and a breach of previous ATH is just a fad, and is NOT going to sustain. Anybody who thinks Nifty is going to touch 10000 soon will be trapped for 3 month!
(Please note that I use Timewave methodology to determine market direction which is a Vedic Astrology based technique.). This is the only technique which answers when exactly to go long and when exactly to go short , and that's what a trader needs!)
Catatan
We will short at 9:55 today for target 9460 by 20th july.Catatan
Action: Please go short with stoploss at 9840 NS target 9460 Nifty Spot by 20th july.Catatan
Shorted at 9809 Nifty Spot. :)Catatan
Nifty to remain sideways till 1 O'clock....continue to hold.Catatan
Remain short, dont exit. Today is the last day of this rise. In intraday terms its indeed extending the rise, but wont sustain.Catatan
BankNifty is already at low point of the day, Nifty to follow suite.Catatan
Nifty too now below low point of the day!Catatan
Please carry forward. We are in profits. :)Catatan
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