Why, we need to say bull run is over for the year when Nifty is predicted to touch 11k by end of 2017 ? We will discuss the various factors taken into account & go one by one but do remember this is not trade setup, just an analysis so the result whether it happens or not , Never gonna have any effect.
There are 3 Prime Reasons :
ii) Date with Degree
iii ) Time Series Calc
ABCD Completion : There is potential completion around the zone of 9900's & as approx room 9850's to 9950's we can consider for the top but the extremity here is the euphoria in our Indian markets, if it sustains the touch of 10k is on cards, still its an valid awaiting for completion. Now, lets move to Dates.
Gann Date : As per My calculation the date comes around 28-Jul-17 to 13-Aug-17 according to the dates I have chose to use. 28th of July comes around 360 degree & 13th August on 180 degree. uses calendar days not trading days & doesn't skip holidays, just an info 5th august falls on 90 degree & on Saturday, its not the reason I'm giving more importance to 360 & 180 degree, there are other reasons which I would love to explain but that itself will take series of posts, so let's finish here just with date range. So if Nifty high happening before 5th Aug (9907 is high) & after that means 10057 before 13-Aug-17 (Rare scenario).
Time Series Calc : This also points towards the range of 24 July to 15 Aug range only but with +/- a week or two for the high to achieve & our completion can be taken for the high point.
Have you noticed, these various factors we analysed as separate ones but they are falling into place & pointing our expectations, it just increases our confidence only, not a guarantee. Even after doing all these calc & analysis, can we use this for trading ? No, You shouldn't bcos analysis & trading aren't the same, separate entity combined to perform together.
Thank you, if you have read till the end.