In medium term waves, actual turn may happen +/1 1 day. For the MT wave starting from Friday 23rd June, today was a turning date and the actual turn happened just a day before. that’s why we went long yesterday.
Now Nifty will be bullish till 7th July, and level wise, it will go upto 9650, may even reclaim 9700, but chances are very less that it will cross 9700. Even if it does, that would just be a spike.
And after that nifty will be down till Sep end.
Yesterday we had booked profit in our short position and had gone long at 9490 Nifty Spot in July series. Please maintain stoploss at 9450 NS.
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Nifty is opening at 9523, gap up of 32 points.
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Upshift TSL to 9520 NS
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This is an intraday fall, so hold it paatiently, support is at 14:00 around
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Set the TSL to 9470 NS
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Please carry forward and dont worry about intraday dips.
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Fri 20th June 2017 Nifty View
Nifty First, SGX Nifty second.
SGX Nifty is at 8485 as of writing, as global markets are nervous. But Nifty will do its own thing, as per its own time-cycle.
We will maintain stop loss at 8450 Nifty Spot at the beginning, wait for 10 minutes after opening. And will again raise it.
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Correction: its 9485 ( and not 8485)
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Action: Please exit and go short. Nifty is now down till 7th July.
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Basically now, Nifty has broken the time support of yesterday and is now down till next date. Nifty may see levels upto 9300 in next week itself. One can short BankNifty as well.
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Nifty is merely sideways, Its not going up, and after breaking important support it cannot go up now. Please short if you have not already. And carry forward.