Nifty gave a very
important close yesterday that reduces all but 1 most probable scenario. As
per the Elliott wave counts chances of Nifty nearing an important top is very
high and probably a top for the year 2013.
We published an interim report at 2 pm for our paid
subscribers when Nifty almost touched 5950 on 10th Jan 2013
mentioning, “Nifty has failed to
sustain the Gap today and has moved near 5950 level. Nifty looks to be forming …………..
pattern. Positional traders can start booking profits and keep ………..as very
important stop for all long positions. There can be one final attempt on upside
over next few days towards …………… maximum!”
In today’s morning report we explained what made us make
such a bold statement and explained various technical reasons.
All
advanced & basic technical tools like Wave counts, momentum indicators,
Time cycles, Channels, Fibonacci retracements are in sync and indicating that
an intermediate top is very near. We would advise our subscribers to……………
In today’s morning report we have shown &
explained each and every of the above mentioned technical concepts along with
the crucial levels and with path for short to medium term trend with time
frames...
Nifty Daily chart:
(removed Wave labelings, Time cycles, Path ahead and crucial levels from above chart)
This is not it. We have shown Bank Nifty and NSE midcap
indices as well that seconds our stand.
In
short, expect a few more days of sideways action then a final move up towards
………… before we top out for the year!!!
To see the complete chart and the details that are missing
above along with explanation on Channels, RSI, Elliott wave counts, Sentiments,
Fibonacci retracements, momentum, Cycles, subscribe now to the daily research
report “The Financial Waves “ If we
are right, time is running out. Do not
get carried away in the euphoria but think objectively using technical tools
and Learn & Trade with no subjectivity!!!
To subscribe the daily research report visit www.wavesstrategy.com
or write to helpdesk@wavesstrategy.com,
call on +91 9920422202
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