Nifty crash comparable to 1987 and not 2008

In this webinar see why the crash in #Nifty is more like 1987 and not like 2008. How to trade the markets in disciplined manner. Attend the most advanced training on #technicalanalysis using #Elliottwave, Neowave, Hurst's #Timecycles - know more here https://www.wavesstrategy.com/technic...

or Contact on +919920422202

Nifty Crash Comparable to 1987 NOT 2008, link with Corona Virus!

We have been bold and strong over many weeks that major top is formed in Indian indices and it is comparable to the 2008 collapse. But it seems we were conservative and the fall is actually comparable to 1987. When we pointed out get ready for 2008 crash not many paid heed and now it looks to be bigger than that and actually comparable to 1987!

Only a few who acted on the advice have been cashing the crash and the rest are occupied identifying the news or events resulting into the drastic downfall.

We are facing unprecedented challenge as a humanity and the existence the way we know it. Given the current pandemic of Corona virus human survival instincts are challenged. We have been able to flourish on this planet only because of the strong zeal to grow amidst the situations. Case in point is we do acknowledge the gravity of situation but these are not the times to blame nature or anything else for the financial meltdown but to see what best can be made out of it. We have history that shows that the best of the ideas and financial institutions came up during the Great depression of 1929! So, during these periods we need to take charge of our trading or investment decisions and see what is working in the current BEAR market.
Now look at the below charts, Do you see any similarity in the fall?

Weekly chart:

Let me reveal the secret! The first chart is of Dow Jones Industrial Average (DJIA) from the year 1987 crash and the second chart is of Nifty Index year 2020 so far, Astonished Yet!

This is the power of looking at patterns across the market and time frames. This clearly shows that the pattern and the intensity of fall seen on Nifty is nothing but a repetition of 1987.

Also it shows that it is Greed, Fear and Hope that results into movement of the stock market and the events only results into short term volatility or acts as a trigger.
Corona Virus is widely referred to as the only reason for the financial and economic collapse. But the markets were already exhibiting series of negative divergences and loss of momentum.

Major global epidemic outbreak has been during the extended period of bear markets as pointed out by Robert Prechter, Executive Director, Socionomic Institute. Stock market act as a barometer of social mood and the depressed stock market represents negative social mood. It is during this period that the society is more susceptible to the epidemic outbreaks.

India has just started to catch the Corona fever and the markets have topped out much earlier in January 2020. Infact, the day honourable Prime Minister – Modi announced the 21 days lockdown on 24th March evening, the very next day on 25th March Nifty closed up 497 points – 6.37% higher locked biggest gain in 11 years! Followed by another 4.10% gain on 26th March 2020. This has resulted into an up move of more than 1100 points on the index from the lows of 7511 made on 24th March 2020 starting the day complete India lockdown was announced.

The above indicates that freely traded markets move ahead of events or news and any trading decision based on news outflow is like driving a car looking at rear view mirror. Events can result into short term random movement which can last for few minutes or hours or days but the original trend eventually resumes!
Your entire perception towards the cause and effect will change if only you stay focused on the facts and the patterned behavior of the market which is very well defined as per Elliott wave analysis that carries the forecasting ability and the news will eventually follow. India is supposed to have entered the most delicate phase with respect to Corona Virus and Nifty has already rallied by 1100 points from the lows! Astonished Yet!

Announcement

Learn the application of Elliott wave, Neo wave and its combination with Hurst’s Time cycles, the most powerful forecasting tool in Technical analysis. Online for the first time EVER. Register now for this online two days Module. Know more here

Get access to the daily research report – The Financial Waves short term update and the monthly research and see yourself how will Nifty move from here on irrespective of the events or news that might look logical but is not the way for successful trading. Subscribe here

Nifty Trade Setup for Bear Market

In this webinar I have explained how to #Trade the #Nifty Bear market using effective #Technicalanalysis methods.
Register for the ONLINE sessions on Master of Technical Analysis (MOTA) on 21st - 22nd March 2020. Become a wonderful #Trader. know more at https://www.wavesstrategy.com/bmw-lea...
For any queries contact us on +919920422202

Nifty: Embrace the Crash! Are you Ready Yet

We have been warning about the upcoming Tsunami since past 3 weeks and only if you would have taken it seriously there would have been the opportunity to not only save from the crash but to cash the crash by way of shorting.

Following research was published on 9^th March 2020 when Nifty was trading near 11000 levels - Nifty Mayhem – Are you Ready for BEAR

We have been vocal through our weekly Friday webinar videos since past many weeks about the impending Bear market and the stand has been vindicated so far. To see the past few webinars simply visit the Elliott wave channel over here

 

Now look at the below chart of Nifty on the log scale. We have shown same chart on arithmetic scale in our monthly update. 

Given the intensity of the crash it warrants to publish interim update to the clients. The downside targets are already achieved and given the recent price action there is a possibility that the fall is comparable to 1987 and not 2008. We will be mentioning the downside targets with complete systematic approach in the interim update. You can get access over here

Now look at the below chart of Nifty on a log scale

Nifty weekly chart:

Do you recognise the pattern?

We have been talking about the Diametric pattern over many years and prices have behaved very much in as per our expectations. This pattern belongs to Neo wave – Advanced Elliott wave.

We do not want to create panic but just pointing out what the charts are suggesting. No readings on indicators will be oversold if this is a true bear market. And the biggest blunder that anyone can do is to go longs just because RSI is below 25. This will no longer work. 

During Bear market all your system needs to be changed. The algos will fail miserably if it is not back tested for past 50 years since we are seeing a crash not even seen in 2008.

So, I had published on 9^th March 2020, Are you ready and I am publishing it again! This looks like just the beginning and it is going to be extended this time.

So, to see the levels plausible in this bear market and how to capitalize from here on even if you have been on sidelines all the while, simply get access to the daily short term research report – “The Financial Waves short term update” and monthly research “The Financial Waves Monthly update” over here. 

Equip yourself with tools, indicators, methods that are necessary for trading this bear market. Do not fall under the trap of buying if RSI goes above 40. Each of the parameters will change. Safe guard yourself from anyone claiming such novice methods. I will be explaining in much detail the ongoing Bear market in the online session of Master of Technical analysis (MOTA) scheduled in two days. Know more here

Nifty Wave g = a Done, What is Next

Nifty has been moving amazingly well as per Neo wave (Advanced Elliott wave pattern).

Look at the below chart of Diametric pattern which is a 7 legged correction.  The below was shown in the morning daily research report – TheFinancial Waves short term update

Nifty hourly chart (anticipated on 16^th March 2020)

Nifty hourly chart: (anticipated in morning on 17^th March 2020)

Happened: (End of day on 17^th March 2020)

Following was mentioned in the morning equity research report before markets opened

“In the previous session wave (f) seems to have completed near 10160 levels precisely as expected and now the move on downside has resumed in the form of wave (g). Equality target of wave (g) to (a) comes near 8900 levels. But refrain from creating any long positions and use these levels to only ride the downtrend. Existing short positions can now trail stop towards 9610 which is just above yesterday’s high. It seems far away but given the volatility one needs to maintain big stops to keep riding the trend. In a nutshell, Nifty continued to tank another day and lost 7.6% in the day. Price can continue to move towards 8900 levels or lower as long as 9600 holds on the upside.” BANG ON!

Happened: Nifty moved precisely as expected and moved sharply lower. The intraday low made is at 8915 levels which was the target area as per the above shown chart.

This is the power of Advanced Elliott wave. It is simply thrilling to see how precisely the entire trend is spanning out when majority is just focusing on news to derive their trades rather than charts when it is working with utmost precision as per the path shown in first chart.

“The Financial Waves short term update” is published daily showing the way Nifty should move and if you have been following us this down move provided the best opportunity in over a decade. It is not over yet. Get access now

Learn the power of Neo wave with Time cycles and equip yourself with tools of technical analysis in the upcoming Online module of Master of Technical analysis (MOTA) and Master of Elliott Waves, Neo wave with Time cycles (MOW). I will ensure you stop following the news and start trading the charts because this is what is required to be successful. MOTA starts in 4 days. Are you game! Knowmore here