Waves Capital: Nifty moved exactly as we have been anticipating, Snapshot of past 3 days!!!

Waves Capital: Below excerpts are picked up from past 3 Financial Edge short term updates and this itself proves how accurately we are measuring the pulse of Indian markets. Write to us on helpdesk@wavescapital.com if you would like to subscribe to this Daily research publication on Indian Equity market.

Published on 27th December 2011 before 8:30 am

Nifty 60 mins chart

Published on 27th December 2011 before 8:30 am, “..we now stand at crucial juncture and there are other plausible scenarios opening up since Nifty is failing to move above 4800 levels”

Happened: Nifty made a high of 4800.40 and turned immediately from there and made a low of 4724 after falling steeply from 4800 levels we had mentioned.

Published on 29th December 2011 before 8:30 am

Published on 29th December 2011 before 8:30 am, “…A break of channel increases our bias towards negative side. Below 4690 we might head towards 4630 levels.”

Happened: Nifty made a high at 4700 failed to sustain there and broke 4690 then making a low of 4639

Published on 30th December 2011 before 8:30 am

Published on 30th December 2011 before 8:30 am, “In short, during last trading day of the year 2011, it is advisable to have very less exposure on either side. Bias for the day is sideways and Nifty can move between 4620 – 4690 levels.”

Happened on 30th December 2011: Nifty made a high of 4690.45 and low of 4610, finally closing the year at 4618 (average close 4624)

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