For ..... KAPIL MITTAL...............
This will be my LAST post for some time to come as I am busy with other things. I'll TRY and come every now and then... to HELP YOU ALL.
The Plottings on this Nifty chart are done from a DECADAL point of view. By DECADAL I mean that the Indian market has ELECTRONICALLY LOGGED DATA ONLY from 1990, and hence I cannot even TERM it as a CYCLE. Likewise... the DJIA has data going back almost 100-150 years and hence each and every CYCLE which played out is Recorded in its HISTORY BOOKS. Electronically speaking.... the NIFTY is ONLY 33 years of AGE.
What I have plotted from a 33 years cycle are the waves which played out from 1990, and I have to admitt.... in as Much as I gave a figure 0f 35000-39000, IT WILL """" NOT""" Play out Immediatelly. Structurally, we are in wave 3 of 5..... playing out currently in subwaves. FOMO happened during the COVID ERA @ wave 3 UP.15400 odd was wave 4 down @ shallow wave.... we are now approaching 23900, which will be the TOP for now. However this is with a single RIDER. Subwaves are known to be shallow in NATURE, and so I m going by the HYPOTHESIS that subwave 4 """ MAY/CAN"" be shallow in Nature. Should this turn out to be true.... we will head for 34900 in NO TIME.... Else.... The Market will take a Long PAUSE/BREATHER
This will be my LAST post for some time to come as I am busy with other things. I'll TRY and come every now and then... to HELP YOU ALL.
The Plottings on this Nifty chart are done from a DECADAL point of view. By DECADAL I mean that the Indian market has ELECTRONICALLY LOGGED DATA ONLY from 1990, and hence I cannot even TERM it as a CYCLE. Likewise... the DJIA has data going back almost 100-150 years and hence each and every CYCLE which played out is Recorded in its HISTORY BOOKS. Electronically speaking.... the NIFTY is ONLY 33 years of AGE.
What I have plotted from a 33 years cycle are the waves which played out from 1990, and I have to admitt.... in as Much as I gave a figure 0f 35000-39000, IT WILL """" NOT""" Play out Immediatelly. Structurally, we are in wave 3 of 5..... playing out currently in subwaves. FOMO happened during the COVID ERA @ wave 3 UP.15400 odd was wave 4 down @ shallow wave.... we are now approaching 23900, which will be the TOP for now. However this is with a single RIDER. Subwaves are known to be shallow in NATURE, and so I m going by the HYPOTHESIS that subwave 4 """ MAY/CAN"" be shallow in Nature. Should this turn out to be true.... we will head for 34900 in NO TIME.... Else.... The Market will take a Long PAUSE/BREATHER
Comment:
The BLACK plottings represent the DECADAL waves.... the BLUE plottings represent the Current wave structure