WHY NIFTY WILL TOUCH 9500 AGAIN AND WHERE IS THE TOP OF NIFTY...
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
ARTICLE FOR SUNDAY READING EXCLUSIVELY.....
NIFTY SINCE ITS MARCH FALL ....HAVE BEEN ON RAMPAGE AS IF ALL BULLS HAVE COLLATED AND GATHERED ALL THEIR VIGOR TO RISE AS PHOENIX...THE PANIC SWEPT IN AND THUS THE MASSIVE FALL...SERIES OF BAD NEWS....BUT THE MARKET KEPT ON ABSORBING ONE BY ONE CLIMBING THE STAIRS WITH ALL ENERGY...BUT THE CRUX OF MATTER IS "BULLS CLIMB THE STAIR AND BEAR JUMP OUT OF THE WINDOW" LETS ANALYSE THE SERIES OF EVENTS BECAUSE THAT'S WAS HAPPENING???
COVID FALL----LOCKDOWN----CURRENCY SWAP----CHINESE INTRUSION----MASSIVE RELIEF PACKAGE---ATMA NIRBHAR BHARAT---GOOD QUARTERLY RESULTS----ETC
WHAT I AM TRYING TO INDICATE THE UPTREND WHAT WE WITNESSED WAS ENTIRELY IN TOTO WAS SENTIMENT DRIVEN AND WAS FOLLOWING GLOBAL CUES....AND IN SPECIFIC DOW INDEX...
THE CORRELATION OF DOW INDEX WITH NIFTY IS SATISFACTORY...BOTH THE INDEX ARE STILL IN RECOVERY STAGE AND NOT YET OUTCOMED FROM THE COVID AFTER SHOCK...AT THE SAME WHAT HAPPENING IN OTHER US INDEX ALL TIME HIGH....SO NOW THEY PROBABLY WILL CONSOLIDATE WITH MINOR CORRECTIONS...
PRESENTLY DOW IS IN ITS FINAL LEG OF UPTREND .i.e CYCLIC 5 TH WAVE....AND IF WE EXTRAPOLATE THE SAME "BELEIF" THAN NIFTY PROBABLY MORE OR LESS WILL BE IN ITS 5 TH CYCLIC WAVE ....NOW WHAT I AM EXPECTING???? DOW WILL CONTINUE WITH ITS UPTREND TILL 28800 WHICH WILL BE WELL ABOVE ITS PRE COVID LEVEL (A CAVIER IN ITSELF...US PRESIDENTIAL ELECTION) WITH A SOLID BROWNIE POINT FOR THE SITTING PRESIDENT TO CONTEST AND RIDE ITS AGENDA TO WIN THE ELECTION...BE CAREFULL AGAIN- THEIR IS EXACTLY 53 DAYS REMAINING FOR THE ELECTION WHICH IS "53 TRADING SESSIONS" YOU KNOW WHAT I AM INDICATING....FEW MORE REASONS WHICH MAY CONTRIBUTE FOR SLIDE ....RISE IN YEILD...AND DOLLAR INDEX BEACUSE YEILD TRAVERSING WITHIN A CONTRACTING TRIANGLE AND DOLLAR COMPLETING ITS 5 WAVE CYCLIC CORRECTION....BOTH THE ASPECTS ARE VERY CRUCIAL AND IMPORTANT FOR NIFTY INDEX....NEXT THE MOOT QUESTION WHY NIFTY WILL FALL AGAIN TO 9500??? I WILL GIVE A STRAIGHT FORWARD ANSWER....ITS THEORETICAL WITH TECHNICAL BACKING AND BASED ON BELIEF (EXPECTATION)...IF WE TAKE THE CORRELATION AS GOSPEL TRUTH AND DO THE REVERSE ENGINEERING...WE CAN COME TO A CONCLUSION....IF DOW GIVE A CORRECTION AFTER IT COMPLETE IT CYCLIC WAVE IT MAY MAKE LOW 0F 15 JUNE...AND GOING BY THAT CONTEXT NIFTY 15 JUNE MARK WAS ALMOST AROUND 9500...THAT" IT....THAT IS THE FIRST PART ...SECOND WHERE IS THE TOP...FOR DOW THE TOP PROBABLY WILL BE SOMETHING AROUND 28800 AND AGAIN GOING BY THAT CONTEXT 4% RISE FROM PRESENT MARK NIFTY WILL BE TOPPING AROUND 11740....THE ENTIRE ARTICLE IS BASED ON CORRELATION PURVIEW WITH FEW TECHNICAL BACKING.HOPE YOU WILL LIKE IT.
HAPPY READING.
******ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE******
******IT IS NOT TRADE RECOMMENDATION*********
ARTICLE FOR SUNDAY READING EXCLUSIVELY.....
NIFTY SINCE ITS MARCH FALL ....HAVE BEEN ON RAMPAGE AS IF ALL BULLS HAVE COLLATED AND GATHERED ALL THEIR VIGOR TO RISE AS PHOENIX...THE PANIC SWEPT IN AND THUS THE MASSIVE FALL...SERIES OF BAD NEWS....BUT THE MARKET KEPT ON ABSORBING ONE BY ONE CLIMBING THE STAIRS WITH ALL ENERGY...BUT THE CRUX OF MATTER IS "BULLS CLIMB THE STAIR AND BEAR JUMP OUT OF THE WINDOW" LETS ANALYSE THE SERIES OF EVENTS BECAUSE THAT'S WAS HAPPENING???
COVID FALL----LOCKDOWN----CURRENCY SWAP----CHINESE INTRUSION----MASSIVE RELIEF PACKAGE---ATMA NIRBHAR BHARAT---GOOD QUARTERLY RESULTS----ETC
WHAT I AM TRYING TO INDICATE THE UPTREND WHAT WE WITNESSED WAS ENTIRELY IN TOTO WAS SENTIMENT DRIVEN AND WAS FOLLOWING GLOBAL CUES....AND IN SPECIFIC DOW INDEX...
THE CORRELATION OF DOW INDEX WITH NIFTY IS SATISFACTORY...BOTH THE INDEX ARE STILL IN RECOVERY STAGE AND NOT YET OUTCOMED FROM THE COVID AFTER SHOCK...AT THE SAME WHAT HAPPENING IN OTHER US INDEX ALL TIME HIGH....SO NOW THEY PROBABLY WILL CONSOLIDATE WITH MINOR CORRECTIONS...
PRESENTLY DOW IS IN ITS FINAL LEG OF UPTREND .i.e CYCLIC 5 TH WAVE....AND IF WE EXTRAPOLATE THE SAME "BELEIF" THAN NIFTY PROBABLY MORE OR LESS WILL BE IN ITS 5 TH CYCLIC WAVE ....NOW WHAT I AM EXPECTING???? DOW WILL CONTINUE WITH ITS UPTREND TILL 28800 WHICH WILL BE WELL ABOVE ITS PRE COVID LEVEL (A CAVIER IN ITSELF...US PRESIDENTIAL ELECTION) WITH A SOLID BROWNIE POINT FOR THE SITTING PRESIDENT TO CONTEST AND RIDE ITS AGENDA TO WIN THE ELECTION...BE CAREFULL AGAIN- THEIR IS EXACTLY 53 DAYS REMAINING FOR THE ELECTION WHICH IS "53 TRADING SESSIONS" YOU KNOW WHAT I AM INDICATING....FEW MORE REASONS WHICH MAY CONTRIBUTE FOR SLIDE ....RISE IN YEILD...AND DOLLAR INDEX BEACUSE YEILD TRAVERSING WITHIN A CONTRACTING TRIANGLE AND DOLLAR COMPLETING ITS 5 WAVE CYCLIC CORRECTION....BOTH THE ASPECTS ARE VERY CRUCIAL AND IMPORTANT FOR NIFTY INDEX....NEXT THE MOOT QUESTION WHY NIFTY WILL FALL AGAIN TO 9500??? I WILL GIVE A STRAIGHT FORWARD ANSWER....ITS THEORETICAL WITH TECHNICAL BACKING AND BASED ON BELIEF (EXPECTATION)...IF WE TAKE THE CORRELATION AS GOSPEL TRUTH AND DO THE REVERSE ENGINEERING...WE CAN COME TO A CONCLUSION....IF DOW GIVE A CORRECTION AFTER IT COMPLETE IT CYCLIC WAVE IT MAY MAKE LOW 0F 15 JUNE...AND GOING BY THAT CONTEXT NIFTY 15 JUNE MARK WAS ALMOST AROUND 9500...THAT" IT....THAT IS THE FIRST PART ...SECOND WHERE IS THE TOP...FOR DOW THE TOP PROBABLY WILL BE SOMETHING AROUND 28800 AND AGAIN GOING BY THAT CONTEXT 4% RISE FROM PRESENT MARK NIFTY WILL BE TOPPING AROUND 11740....THE ENTIRE ARTICLE IS BASED ON CORRELATION PURVIEW WITH FEW TECHNICAL BACKING.HOPE YOU WILL LIKE IT.
HAPPY READING.
******ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE******
******IT IS NOT TRADE RECOMMENDATION*********
Comment:
WE ARE ON TRACK....AND HOPE THE PROPHECY UNFOLD IN OUR FAVOUR
Comment:
PERFECT REVERSAL....JUST SEE THE STATE OF NIFTY....IN CO RELATION...