Let Me tell you couple of month back i had posted the same view , but Many comment it will not come , but when time comes every one will understand what i was trying to say , I have seen Many Top analyst try to say its going to go up side , but what they fails to understand is any stock need to accumulated or re accumulated in order to keep the impulsive move up side , Institutional tend to buy only when there is strong correction and price relation to individual script is very important , when price of individual scripts starts heading down then you will indices Features will start heading down You can Expect this correction will have more Zig Zak type price action in Nov 2015 to Jan 2016 they made accumulation and bounced new impulsive leg up In Nov 2016 to Jan 2017 they made accumulation and bounced and Dec 2017 to Jan 2018 they will accumulate and bounce again , but this time its budget time also , so any drop in individual scripts will be bought by DII & FII , which will give some spiky price action in daily This will be the last Impulsive leg until the Next GOI Elections Hope every one will understand this in clear manner I am expecting the bounce near 9500 , but no necessary the market has to bounce form the same , its tentative fore cast , One can look for reversal sign before going long on NIFTY Feature Lot Good luck and Good bye for 2017
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Yeeeeeeeeeeehhhhaaaaaaaaaaaaaaaaaaaaa
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Somebody talk to me , You think you people are the brilliant , and Institutional are not , ?? think again , because they are always the winners , and you know who are the losers , ha ha , Enjoying the short sell ride , Bingo
@shashi.kiran, Thanks shashi , Hope you are doing fine , How is Work after GST ? increased ?
PrashantSarnaik
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Nice analysis, first correction was 50% of the upmove, second 50% level comes to around 9200 and 38.2% at same level as per the channel drawn, so I agree with your analysis on weekly charts.
@Einstein15, Just a visit and try to look around whats going on , but seems Many top authors are still having issues in understanding the Market direction , he he
Einstein15
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@shiv2798, Cool!
and well everyone is trying to do their best I suppose. :)
flynn317
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@shiv2798, Good Observation.........But I was thiking, why market didn't had impulsive leg around 7aug17 ...any Idea?
@flynn317, Eliot waves theory brother.. Its the 3rd wave and the longest one.. The correction may extend till 9200. After that the rally should last till 11000-11600 levels..