Bank Nifty 54 Days’ Time Cycle– Buy or Sell?

Is it possible to Time the market? Can we use methods that can predict when will prices reverse with exact date and time even on index?

Time Cycle is a very important Technical Analysis study and is surprising that such basic concepts are rarely focused by traders. When we combine Time cycles with Wave theory, we can see interesting results.

Neo wave along with a Time cycle helps to form powerful setups with a good accuracy. See detail below research on Bank Nifty.

Bank Nifty Daily chart: 
J.M. Hurst is known as the father of Time Cycles. He identified that there are a set of standard cycles that work across markets. We need to identify the time cycle working on that stock or index.

For Bank Nifty 54 period of Time cycle works extremely well on the Daily time frame. Time trading has to be combined along with price action for precise entry. Every time near the cycle zone we have seen a bounce on the upside. We can also observe that the Index has also been in sync with its Neo wave counts. When we combine price and time together it helps to create a powerful setup which helps to capture reversals before it has happened.

Post completion of wave G on the upside the entire fall has been in the form of a double complex correction pattern (w-x-y-x-z). Wherein, wave x got completed on the upside and the recent fall is in the form of wave z.

Currently, Index is moving towards its cycle zone which is starting from 18^th March. We expect buying to emerge near the cycle zone where we expect wave z to get completed on the downside. Until then, we can expect prices to remain sideways or under pressure.

In a nutshell, currently Bank Nifty is at important juncture. On the downside 47850 is the crucial support.  As long as same is intact short-term pullback cannot be ruled out once prices breaks above 48850 levels.

So, by combining this science of Time trading one need not worry about missing out the trend as if time is in favour, then one can predict moves well in advance.

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