Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that
"we don't understand a movie by missing half of it".- the same is true with markets,
Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below!
NIFTY MONTHLY ANALYSIS: The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders). The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding. The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees).
This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis!
To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video!
Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups.
Great analysis , what could be the wave v target of super cycle degree . thanks
DineshKrishna
⋅
@Yp2303, thanks. for 5th wave in supercycle degree, there are few things that have to be confirmed. for instance, the end of wave 4(exact) & other psychological identities for identifying the possible target for wave 5. fret not we are following up markets closely, please make sure that you follow us!.
the same will be clearly explained in another analysis as the market progresses.
Yp2303
⋅
@DineshKrishna, thanks sir for your reply eagerly waiting for your next projection on nifty
nd004
⋅
@DineshKrishna, IV wave will finish if we reach 6496. Currently I am expecting 8431-8558 on Nifty. then we will start next selling till 7550-7600. I am still learning EW, if I made mistake then let me know. Thank you.
DineshKrishna
⋅
@nd004, hi sir,
NO offence! the comment of yours definitely say that you haven't seen our video/you have trouble understanding the same!
but if you haven't seen that fell free to watch it through the link in the signature section.
Moreover, the analysis doesn't call for any low of 6496 levels - because it would be too deep for any 4th wave following the 3rd in the larger degree!
therefore, the High probability would be triangle & the same would be having its correction @ 7100 levels but the levels you mentioned are too deep!! - reconsider the possibilities again
now to your sell target, we cannot argue that the reversal will be at the areas you mentioned but if you are an avid trader - try selling it! @ 61.8 levels - mentioned in our new analysis clearly
or wait for the market to entail your entry! (some movement has to be compromised for safety) - the choice is yours!
please feel free to reach me, if you have any further queries!
thank you & happy trading!