Good Morning Guys!
Let me shake the world of and once again upside down!
Where is Nifty headed? What’s the medium term and long term view? And how to trade it successfully? Is there any analyst out there who can say confidently and accurately before hand about market moves????!!!!
Without much ado, lets get started!
The current short term wave is running upward since yesterday ‘s low, and will let you all know some 10-15 minutes in advance once I detect an end.
The ST ( = short term) would mostly be 2-3 days long.
MT (= Medium Term) turn date is 5-6 Dec, and it also nearly coincides with LT date. So we are now approaching a sub-major top. Its explained in detail in the chart below.
So go long with stop-loss at 10310 NS (=Nifty Spot) and 25680 BN ( = BankNifty Spot).
Target is shown by green arrow in the chart above.
Please hit some likes, thanks!
I would like to know how you arrived at the time ie next year end.
Thanks in advance.