| View previous topic :: View next topic |
| Author |
Opportunity is Now-here |
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
Post: #166  Posted: Mon Jul 07, 2014 9:04 am Post subject: |
 |
|
A few Turn Dates of Importance:
1. 25-28th July 2014
2. 14-18th Aug 2014
3. 29-1st Sept 2014
Invest Wisely,
Turtle |
|
| Back to top |
|
 |
|
|
|
rrang438
White Belt
Joined: 17 Sep 2008
Posts: 40
|
| Post: #167 Posted: Mon Jul 07, 2014 5:36 pm Post subject: |
|
|
| adding myself to notify the post |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #168 Posted: Tue Jul 15, 2014 2:51 pm Post subject: |
|
|
Pattern recognition indicates that Nifty could breach 7430 in the next session or two.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #169 Posted: Fri Jul 18, 2014 2:25 pm Post subject: |
|
|
By trading above 7650, Nifty has Negated the Pattern for re-test of Low @ 7430.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #170 Posted: Sun Jul 20, 2014 10:57 pm Post subject: |
|
|
Latest Observations:
1. 60M trend is Positive. Daily trend is Neutral. Weekly and Monthly trends are Bullish.
2. Short -term Breadth is Neutral. Intermediate term Breadth is Bullish.
There is high probability that Nifty could take out the Pre-Budget high in the coming weeks. But we are approaching the Turn Dates and its time to be careful. Various technical/time cycle studies are indicating probable correction towards 6700-6600 zone in the next couple of months. We need to be careful , Bull Market corrections are sharp and severe. Markets can correct 15%-20% in a very short period of 3-5 weeks.
Probability of a correction does not call for immediate Liquidation of Longs or to go short. We being in a Bull Market, it can continue moving up.... If and When there is a correction, we must have faith and have the courage to Buy, when Others are in a state of PANIC...
Invest Wisely,
Turtle |
|
| Back to top |
|
|
a1b1trader
Yellow Belt
Joined: 13 Jul 2014
Posts: 691
|
| Post: #171 Posted: Sun Jul 20, 2014 11:05 pm Post subject: |
|
|
Very well observed and said.
The levels of 6700-6600 posted by you are minimum or you do not want to post further lower levels, so as not to create any panic. 
Cheers |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #172 Posted: Mon Jul 21, 2014 9:43 am Post subject: |
|
|
| a1b1trader wrote: | Very well observed and said.
The levels of 6700-6600 posted by you are minimum or you do not want to post further lower levels, so as not to create any panic.
Cheers |
In case a correction emerges in the coming weeks , I expect 6700-6600 zone to provide very strong support. Accumulation zone for Nifty stands at 6700-6600 area. And historically Intermediate term corrections occur in the range of min 3 to 3.5 multiple of Index EPS (Current level -370/-). Maximum it can fall up to 4.5 multiple. At present we do not know the possible high value of Nifty, therefore its difficult to give an exact range. However, 6700-6600 is the range , where I will be willing put further money at Risk. ( My system has to give a Go-Long indication , without which I will not Buy...)
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #173 Posted: Thu Jul 24, 2014 10:05 am Post subject: |
|
|
We are approaching the 1st Turning Point -25th-July (Friday) -28th July-(Monday). Its better to be careful with Long positions.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
|
| Post: #174 Posted: Thu Jul 24, 2014 1:29 pm Post subject: |
|
|
| thanks turtle...... |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #175 Posted: Thu Jul 24, 2014 9:39 pm Post subject: |
|
|
Till the time 60M trend is Positive , the Up trend is very much intact and one should not go short till 60M trend changes . Trading with the Trend, is the right way to trade this Market.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #176 Posted: Sun Jul 27, 2014 9:48 pm Post subject: |
|
|
Based on a Crude Cyclic Study ( I am still working on it...), Nifty should move up till mid-August. A good trade-able Low can be expected on 25th - August. One Low is due on 28th July (tomorrow). Lets see, how it works Out.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #177 Posted: Sun Jul 27, 2014 10:07 pm Post subject: |
|
|
| turtlecsi wrote: | Based on a Crude Cyclic Study ( I am still working on it...), Nifty should move up till mid-August. A good trade-able Low can be expected on 25th - August. One Low is due on 28th July (tomorrow). Lets see, how it works Out.
Invest Wisely,
Turtle |
Yours different but crude bull ranges previously have lasted for 13 months ( one spike) and from august 13 time should be near at sep 14
So only if markets keep breaking highs till sep ( don't know exact week) that bull run can be expected otherwise significant decline
Some triangle formations and EW time analysis also mark august as important month
Regards |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #178 Posted: Mon Jul 28, 2014 7:56 am Post subject: |
|
|
| amitagg wrote: | | turtlecsi wrote: | Based on a Crude Cyclic Study ( I am still working on it...), Nifty should move up till mid-August. A good trade-able Low can be expected on 25th - August. One Low is due on 28th July (tomorrow). Lets see, how it works Out.
Invest Wisely,
Turtle |
Yours different but crude bull ranges previously have lasted for 13 months ( one spike) and from august 13 time should be near at sep 14
So only if markets keep breaking highs till sep ( don't know exact week) that bull run can be expected otherwise significant decline
Some triangle formations and EW time analysis also mark august as important month
Regards |
If Nifty moves beyond 8200-8300 in the coming 3-4 weeks , the current consolidation from mid-June till now, would become a Accumulation Zone and could easily propel Nifty beyond 9500-10000 area in the coming months without breaking 7200-7300 level anytime soon.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #179 Posted: Mon Jul 28, 2014 12:14 pm Post subject: |
|
|
| turtlecsi wrote: | Based on a Crude Cyclic Study ( I am still working on it...), Nifty should move up till mid-August. A good trade-able Low can be expected on 25th - August. One Low is due on 28th July (tomorrow). Lets see, how it works Out.
Invest Wisely,
Turtle |
Nifty has traded below Friday's Low. Now lets see how it closes the day ??? Closing above 7790-7800 would be considered as Bullish. Otherwise ...Bearish.
Invest Wisely,
Turtle |
|
| Back to top |
|
|
turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
|
| Post: #180 Posted: Wed Jul 30, 2014 10:41 am Post subject: |
|
|
If Nifty takes out 7660, It will confirm a Temp Low has been formed on 28th July and possible rally in to 2nd week of Aug .
Invest Wisely,
Turtle |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
