Is Nifty top in place again? Are you ready for another BIG trend!

Nifty had been drifting lower over past few days and prices are on verge of breaking another important support level on downside. The weakness now seems to be global and not local. It is time to “cash the crash”!

In below charts you can see how we are able to capture the top near 11000 levels, then low again near 9950 and now we are back towards very important juncture.

On 2nd February morning research report we mentioned the following – it seemed to be a populist Budget like everyone expected but introduction of Capital gains is going to result an impact which is not yet discounted maybe due to artificial support. Trade carefully as the swings can still be big over next few days!

Subsequently following chart was published on morning of 5th February 2018 –

Nifty hourly chart – published on 5th February 2018-

Following was mentioned on 5th February morning research report – trend for Nifty remains firmly negative as long as 10880 is intact. Keep riding the trend using trailing stop method and the positions are already in the money that shorted on break of Budget low. Such sharp trends are rare but market did provide us with warnings before reversing.

Happened over next few days:

The above clearly shows how the top was captured and there was a fall of more than 700 points in less than 4 days!

Now we did not only anticipate the crash but also captured the rise. Below is the chart from the monthly research report published on 7th March 2018

Nifty daily chart – published on 7th March 2018

Following was mentioned on 7th march 2018 when majority were turning bearish and look at the upside target levels given near 10800 – 10850!

Happened: as of 18th June 2018

Happened: Nifty touched intraday high of 10929 but the highest close has been near 10856 levels post the projection made on 7th March 2018.

The above requires little explanation and shows the power of Time cycles combined along with Elliott wave, Neo wave and various methods together. We captured the top near 11000, fall near 10000 and now is the time to be alert again!

The question now is – Are we headed for another crash? if we are right again this time how far will the current selloff go? Is it just the beginning and what are the key levels to watch that will provide strong negative confirmation?

Trading is always about evaluating the prudent risk reward ratio and then trying to trade systematically using strict stoploss. Even if there is a pullback then it is going to be only temporary and we will head much lower!

So do not miss out on next big move in Nifty and stocks, Get access to daily equity research report – “The Financial waves short term update” and see yourself where are we headed from here. Also get Monthly research report “The Financial Waves Monthly update” to see the medium term forecasts on Nifty, Bank Nifty and much more. We are at the cusp of next big move and you cannot afford to miss this another opportunity – Get access here

Attend the training on Most advanced technical analysis ever – Elliott wave, Neo wave, Hurst’s Time cycles and learn yourself the various methods I personally use for trading and forecasting such big moves. Trust me this can be the most important investment you ever made! Also get free Elliott wave CDs worth 6 hours even before the actual training along with free access to research reports that too at this crucial juncture. It cannot get better than this – know more here