So while in the early morning today (Monday 10th), SGX Nifty was 22 points down, Nifty gaped up, and continued its upward motion as per short term Timewave prediction!
It skipped the predicted times of 10:02 and 11:33 as at those times exchange was down. NSE faced major technical glitch today and the National Stock Exchange is totally tight lipped on what went wrong.
Next time for this upmove to end is around 10:00 AM tomorrow (Tue 11 Jul).
In the longer term I maintain the view that Nifty is down since 6th June. Today’s upmove and a breach of previous ATH is just a fad, and is NOT going to sustain. Anybody who thinks Nifty is going to touch 10000 soon will be trapped for 3 month!
(Please note that I use Timewave methodology to determine market direction which is a Vedic Astrology based technique.). This is the only technique which answers when exactly to go long and when exactly to go short , and that's what a trader needs!)