SPX is anticipated to have completed the correction against the rally from the low of 2191 in March 2020 of cycle degree. Currently, it is expected to be in wave 3 formation of cycle degree, with the outlook for SPX to extend further high in wave 3 as long as it remains above 4103 and does not break the trend line.
Expected to be in wave 4 formation within wave 3 and expecting a decline in DJI in wave 4 before any further high to complete wave 5 within wave 3.
Expected to be in wave 4 formation within wave 3 and expecting a decline in SPX in wave 4 before any further high to complete wave 5 within wave 3.
BankNifty Tomorrow view- BankNifty is expected to be in wave 5 formation, and anticipating a decline before any further high to complete wave 5, as long as it remains above 43864.
Nifty is expected to be in wave 5 formation, and anticipating decline before any further high to complete wave 5, as long as it remains above 19627.
Expected to be in wave 3 within wave 5. Anticipating a minor decline before a potential further high to complete wave 3, as long as it remains above 19699.
Dow Jones Average Tomorrow views- Expected to be in wave 3 formation and expecting a small decline before DJI resumes to rally further high to complete wave 3. Overall expect DJI to trade higher.
S&P tomorrow views- Expected to be in wave 3 formation and expecting a small decline before S&P resumes to rally further high to complete wave 3. Overall expect S&P to trade higher.
BankNifty Tomorrow view- Expected to be in wave 5 formation and expecting Banknifty to continue its rally to complete its wave 5 formation after a small decline. After which expecting a decline to correct the entire impulsive move.
Nifty Tomorrow view- Expected to be in wave 5 formation and expecting nifty to continue its rally to complete its wave 5 formation after which expecting a decline to correct the entire impulsive move.
Gift Nifty tomorrow views- Expected to be in wave 4 within wave 5 of subminutte degree and expecting a further decline in wave 4 before any rally in wave 5 to complete the impulsive move up after which expecting a decline to correct the entire impulsive move.
Gift Nifty 5 min time frame analysis- Nifty is expected to be in wave 5 formation and expecting a further high to complete wave 5 after which anticipate a decline in nifty to correct the entire impulsive rally.
Examining the Sensex's trajectory from 1980 to 2023 indicates that we are currently in the early phase of a larger bullish cycle, specifically within wave 1 of the broader wave 5. Anticipating a temporary decline before a potential resumption of the overall upward trend in the Sensex.
Nifty is currently forming the 5th wave of Supercycle degree, and there's an anticipation of a 5th wave failure. This is expected to mark the conclusion of the rally that began on March 23, 2020. Following this, a decline is anticipated, targeting the range of 15,000 to correct the entire impulsive move.
Anticipating a significant correction in Nvidia as we approach the end of primary wave 5, expecting a decline to the range of 300 - 270.