Re posting on Daily out look basis

NSE:NIFTY   Nifty 50 Index
I have already posted my view on Nifty by Monthly basis , and its same on detailed manner ,

I have used Pitchfork to indicate the divergence in the trend when trend shifts form TINE 1 to TINE 2 , i have also placed the wave Numbers for your convenience

the primary wave started in Dec 2011 and time wise we are in wave 4 , price wise we are about to complete wave 4 , both time and Price are about to coincide

You can see as many as 657 Scrips have gone below 52 Week , its an clear message that this is a phase of accumulation by institutions before the new trend resume

as we are expecting to be wave 5 , typically before wave 5 all the bad news come in to force making it impossible for smaller investors to think of even holding any scrip in their account , and it was explained by R N Elliott in his books ,

Well look for consolidation before an last move down and then wait for market to rebound its move to up side

Good luck
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@ShreeKrishna . Your view is coming true too fast.. 9000 levels may take just one more week of such kind of moves
ShreeKrishna avsrikanth
@avsrikanth, Yes sir , thanks
great explanation considering the broader aspect. As per your chart depiction and explanation, it seems for 2020 will be in 4th wave and probably max part of 2021 will be in 5th wave which will be a sharp bull wave? Please advise / correct my view.