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Tuesday, October 28, 2014

Nifty Cycles updated October 27, 2014

Now, we can clearly see the cycle turning.After a spike to 8064,Nifty has turned back.Mustard coloured highlighted area, is a small cluster of 20 hour cycle bottoming alongwith a possible larger cycle. I say possible because it is unclear how it will react yet. But we see the cycle has definitely turned down in the hourly and that is what matters for now.Today was a day for shorts.The first target seems to be the 7920-30 area. That corresponds to the first time line  area. ( Blue line). If Nifty accelerates down this timeline, then also the trend is affected and we wait for a larger correction.
If Nifty bouncesd from the time line, then also be ready for one more shorting opportunity. We recommend shorts because the cycle has turned down.It is seemingly down till November 3rd or 5th.
Please note we are trading now without any astrology or Neo wave! Our bottom line is to make money and all stuff available to us are only tools.

6 comments:

  1. My Dear sureshji

    Thanks for your updates and a continued follow up on nifty.

    Over time your follow up, is a lesson for novice like me and on top of it i am slowly getting a sense that, markets are not random.

    Thanks once again for your great work.

    Regards


    Kannan

    ReplyDelete
    Replies
    1. Dear Kannan,
      Markets are never random. They are also not reactive. It may appear that they react to news. It is the biggest smokescreen ever. Markets just respond to their cycles and rhythms just like any other existence in nature. You see, markets are nothing but collective mental projections of a large community. And we all follow our own cycles.
      Taking it on step further, there are jno coincidences in life either. But that is metaphysical and let us not go that way.
      Iam keenly interested to know if people who read this blog are making money. Ultimately the purpose of reading such stuff is only to become profitable.

      Delete
    2. My Dear Sureshji

      Thanks for your reply and also for substance you have summed up regarding randomness.

      On the last part,

      The fact that I have started to look at markets far differently is itself a big gain. To add more, I am able to make money irrespective of the quantum only after going through your weekly lessons.

      Thanks once again for enlightenment week after week

      Regards

      Kannan

      Delete
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