Friday, June 29, 2012

Nifty started next leg up!

Bottom Line: Nifty has managed to cross above the crucial level of 5200 with a Gap. We have always said strong resistance and supports get taken out with Gaps and this indicates beginning of next leg up. If our wave analysis is right Nifty can head towards 5600+ on the assumption that wave iii can be extended. However conservative targets still come around 5400 levels. It is now extremely crucial that today’s gap remains unfilled and please trail your stops towards 5150!


  1. Awesome,You have done a fantastic job. I will certainly digg it and personally suggest to my friends. I am sure they will be benefited from this web site.
    stock cash tips

  2. Thanks for the appreciation!

    Ashish Kyal,CMT
    Waves Strategy Advisors

  3. Dear Ashish Kyal
    nice work on a difficult subject.
    there is an alternate view which says that 5400 is the maximum target of the current wave and then Nifty can drop back to 4700 level (as spouted by
    you comments please

  4. I am expecting 5600+ on Nifty. for me a turn from 5370-5400 is an alternate count as shown in my latest update. But I would prefer that scenario only after seeing how market reacts from those levels. I still think 5600 is higher probability....

  5. Ahaa, its plеasаnt conversatiοn regarding this post
    herе at thiѕ webpagе, I havе rеad all that, so
    аt thiѕ time mе also commеnting at thiѕ place.

    Heгe is my ωeb blog;
    my web page :: payday loans online