Someone told me - "Horses shouldn't be Shorted"... Yet those who had the courage to leash this animal called Nifty last March, must be owning a stud farm somewhere.
Exactly a year after, I'm tempted to dare and Short the Nifty, because prices are so ridiculously high that they appear rigged and if senses prevail, the following Wave count should hold true.
As depicted in the chart, we've completed the main 3rd and 4th (Wave count marked in Red) in Jan'21 and also the main 5th recently post the Union Budget in Feb '21 and now we are on our way down in Wave A.
Alternatively, we've completed the main 3rd (depicted as 3? in the chart) in Feb '21 post the Union Budget, and if so we are now descending down in the main 4th. Either way, we should look at 13750 Nifty levels by end of Mar '21.
Finally, if we still haven't done either of the 2 scenarios above and Nifty crosses 15500 levels, we'd still see a healthy reversal as the Master-of-All Mr. Dow Jones is stuck badly in a side-ways range since Nov'20 and trade Pundits predict it to crash! So hold your horses, be patient and sit on a pile of cash, for Rainy (read bloody) days ahead...
Cheers !!
Exactly a year after, I'm tempted to dare and Short the Nifty, because prices are so ridiculously high that they appear rigged and if senses prevail, the following Wave count should hold true.
As depicted in the chart, we've completed the main 3rd and 4th (Wave count marked in Red) in Jan'21 and also the main 5th recently post the Union Budget in Feb '21 and now we are on our way down in Wave A.
Alternatively, we've completed the main 3rd (depicted as 3? in the chart) in Feb '21 post the Union Budget, and if so we are now descending down in the main 4th. Either way, we should look at 13750 Nifty levels by end of Mar '21.
Finally, if we still haven't done either of the 2 scenarios above and Nifty crosses 15500 levels, we'd still see a healthy reversal as the Master-of-All Mr. Dow Jones is stuck badly in a side-ways range since Nov'20 and trade Pundits predict it to crash! So hold your horses, be patient and sit on a pile of cash, for Rainy (read bloody) days ahead...
Cheers !!
Trade active:
Folks,
We've set course into the right trajectory, at a timing which couldn't have been more right. A fall of 325 pts in Nifty (on 22nd Feb) the VERY NEXT DAY of me publishing this post (on 21st Feb) and today a 450 pts drop to the lows.
Looks like the target that I had set in my post would get achieved sooner than the timeline I had set.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Maruti, Adani, Bata etc. to appreciate that there is a Method in the Madness !
I bet, all of you who went by my assessments would be bringing in the weekend with celebrations :))
Before you do, please don't forget to raise your thumb for a simple 'Like' or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!
We've set course into the right trajectory, at a timing which couldn't have been more right. A fall of 325 pts in Nifty (on 22nd Feb) the VERY NEXT DAY of me publishing this post (on 21st Feb) and today a 450 pts drop to the lows.
Looks like the target that I had set in my post would get achieved sooner than the timeline I had set.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Maruti, Adani, Bata etc. to appreciate that there is a Method in the Madness !
I bet, all of you who went by my assessments would be bringing in the weekend with celebrations :))
Before you do, please don't forget to raise your thumb for a simple 'Like' or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!