Nifty Neo wave, 55 Days Time Cycle with Momentum Indicator

 

Elliott wave and Neo wave are forecasting technical analysis method that helps to understand the maturity of trend. This when combined with Time cycles can help to time the trade accurately.

Below chart of Nifty is showing Time indicator – KST along with Neo wave counts and why we are matured stages of up move?

Nifty daily chart:

Nifty when broke above 17060 we turned super bullish as prices were completing wave (b) and starting wave (c) on upside. We published the research in our daily equity research report “The Financial Wavesshort term update”

Now the markets have rallied nearly 1800 points from there and the momentum is reducing.

KST indicator – this is a time indicator as it takes summation of various Rate of change and is plotted as single indicator. KST also known as Know Sure Thing is developed by Martin Pring. This along with Time cycle application provides much needed clarity to time the market.

Neo wave – The internal counts of wave (c) is suggesting that prices are moving up in form of Diametric pattern which is a 7 legged pattern. Currently prices are in wave f formation which can be sideways to little pressure on downside. Post its completion wave g on upside can resume. So the trend is matured but we might still be in buy on dips mode for another week or so.

55 Days Time cycle – We can see that prices tend to form low and reverses back up from the middle line which is 55 days days cycle. The low may not be a major low but it can also be a minor down move and upside reversal. The latest black middle line also acted as reversal day where wave b got completed and prices started moving higher in wave c. Next cycle low is going to be on 6^th July 2023.

In a nutshell, Nifty can drift higher with lack of momentum. Short term correction is possible but one more leg on upside in form of wave g can start taking prices to Gann levels of 18838 or near lifetime highs. But combine this with short term charts and trade accordingly.

Thus by combining Neo wave, Time cycle and indicator like KST one can form prudent strategy for trading stocks or even futures and options. This technique can be applied on daily, hourly and even 15 minutes time frame for Intraday trading.

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Nifty Using Ichimoku cloud, MACD and Neo Wave Pattern

 Elliott wave and Neo wave are powerful technical analysis methods that can help traders with the complete setup right from Intraday to positional trades.

Below shows Nifty Neo wave count along with Ichimoku Cloud and MACD. This research is picked up from the daily Equity research report. “The Financial Waves short term update" which was published today before market opens

Nifty Daily chart

Nifty 60 mins chart

In the previous session, after opening with a minor gap up, prices could not sustain higher and sharp fall was witnessed which led prices to make low of 18060.40.

On the daily chart, The Nifty50 has snapped a three-day losing streak and closed on a positive note. Nifty managed to close above 18200 mark and formed a hammer type candle on the daily charts. Price has bounced back from the major support of 18060 and since then short covering was seen which led prices to close above 18200 mark near day’s high. Prices have bounced back on the upside by taking support of the base line. 

On an hourly chart, prices have moved up precisely by taking support of the channel which is a positive sign. Simple channelling techniques works well! Also, MACD has shown a positive crossover giving us hints of further possible up move. We need decisive break above 18300 for fresh buying to emerge.

As per wave perspective, prices are moving in Diametric pattern and as per neo wave prices completed wave (c) at the top and now wave (d) is moving on the downside. Any breach above 18300 can confirm the completion of (d) on the downside and then the rise will be in the form of wave (e).

In short, Nifty has snapped a three-day losing streak and closed on a positive note. For now, any breach below 18060 can drag the price lower till 17960. Whereas any breach above 18300 is needed for the fresh buying to emerge which can take prices higher 18400.

3 Months of Mentorship on Timing the Market – Above chart simply shows how price action along with Time cycle and Neo wave can be combined. A Mentor can ensure that proper application of these methods is passed across so that it can form a powerful system to generate that parallel source of income. Be a part of Elite traders community we call as #TimeTraders. 

Moving averages: How can it be used to form trend following system?

Moving averages are basic yet powerful tool to stay in the trend. In this webinar see how one can use multiple averages to stay in the trend. Visit https://www.wavesstrategy.com

Nifty at Inflexion point, You cannot miss this next big move!

Nifty, Bank Nifty are at very important juncture. What is the technical analysis suggesting? Visit https://www.wavesstrategy.com for detailed analysis using Elliott wave, Neo wave

Nifty beyond 11000! What is next?

Nifty has managed to cross beyond psychological 11000 mark yet again! This has been exactly the way it was expected.

See yourself the below gist picked up from the monthly research report – “The Financial Waves Monthly update” published way back on 7th June 2018.

Neo wave pattern: If you look carefully Nifty has not done anything in 2018. The year started near 10550 levels and prices are still hovering near the trading zone of 10550 – 10800 levels. This shows there is an ongoing distribution for many months. Predicting the sideways pattern is most challenging as there are a few equally probable scenarios. Only when the pattern is near completion we get high conviction trade setup. It is therefore prudent to keep evaluating the ongoing pattern under formation. For now we are assuming Diametric pattern is continuing since there was expansion in earlier legs and contraction so far. Also wave f size has been similar to that of wave b shown in Figure 3. Ongoing wave g on upside can take prices towards 10900 levels. It will be a tough call to make whether new highs will be touched or not but we can expect more of a double top type of scenario where wave g will terminate near 11000 – 11100 zone ideally. We will keep a close watch on momentum as and when prices approach that range and mention it in our short term updates.

Nifty daily chart – (anticipated in monthly update on 7th June 2018)

Nifty daily chart – (Happened)

Nifty daily chart – Gann Projection levels (showed on 7th June 2018)

Anticipated – It will be a tough call to make whether new highs will be touched or not but we can expect more of a double top type of scenario where wave g will terminate near 11000 – 11100 zone ideally. We will keep a close watch on momentum as and when prices approach that range and mention it in our short term updates.

Happened: The above charts are self-explanatory that shows how markets have moved. We have been expecting such trend and anticipated it more than a month back. The only change is in momentum. The move on upside is euphoric maybe to suck in the maximum retail participants. I am not trying to catch a top unless the support levels are broken but this is the time to be alert again!

I turned bullish when majority were expecting break below 10500 levels again based on Time cycles and other Neo wave methods.

Gann projections – If you look at the 3rd chart carefully you can see the Gann projection given as 11078 and the high touched by Nifty is 11078.30 to be precise. So will this Gann projection work again?

So what is next from here? Is this up move going to continue towards life time highs or are we going to see the distribution again!

Imagine the power of trading if you know which tools to use and you can also time it well, For years I have worked on various patterns, methods and cycles and finally drilled down to these methods that has helped me to forecast the turns so accurately – Elliott – Neo wave, Hurst’s Time cycles and Gann projection levels! Learn these methods yourself in the upcoming two days training seminar on 21st and 22nd July in Mumbai, Hotel Radisson. Only a few seats left, ACT NOW – Know more

Get access to the daily equity research report and the monthly update to get holistic view on markets and what should be the trading strategy. We have been able to capture the important turning juncture time and again and prices are now at the levels where things are turning euphoric! Is it time to be against the crowd or there is more steam left? Get access here

How to trade Nifty using Neo wave two stage confirmation?

#Nifty is stuck in a range eating the time value of options. In this webinar see how basic #technicalanalysis can be combined together with #Neowave two stage confirmation. Visit https://www.wavesstrategy.com for more details

What is Hurst’s Time cycles ? Amazing application on Bank Nifty!

J.M. Hurst suggested that there are certain standard cycles which are universal and can be applied on any asset classes. Many cycle analysts often complain that cycles vanish without giving prior indication. The major reason being interaction of different cycles of varying magnitude.

The subject might look complicated but it is no different than Elliott wave principle. The major difference is Hurst Cycle analysis helps us to predict time and Elliott wave focuses more on price. This element of time can help us to forecast the Elliott wave pattern that can form in future.

As shown in below chart we have applied Time cycle on Bank Nifty Daily chart along with Neo Wave. The important part of Hurst Cycle is that if you know that major as well as smaller degree cycles are citing towards probable bottom or top then you can save yourself from making wrong trade. In market “when not to trade is the key to success”.

Bank Nifty daily chart:

The above chart clearly shows important areas when Bank Nifty formed lows near the cycle. We have turned bullish based on these lows. Also a few days or maybe two weeks prior the markets topped out. This time it was no different and we can clearly see it topped out in middle of the cycle so far. So by applying cycle analysis you can know when important lows or tops should be formed.  

This study of cycle analysis is independent of price forecasting that we do using Advanced Elliott wave i.e. Neo wave.

Imagine the power you will have if Time cycles and Neo wave price pattern both are in sync and pointing towards same direction.

Equity research report – Also we show the detailed Neo wave counts in our daily equity research report “The Financial Waves short term update”. Subscribe now to “The Financial Waves short term update” and see yourself where is Nifty and stocks headed from here on. Visit Subscription page here

Upcoming Training on Time cycles & Neo wave– You can learn these methods in the upcoming training on Advanced Elliott wave – Neo wave, Hurst’s Time cycles. All of these methods when combined together have resulted into brilliant outcome. Also before the training itself, there will be FREE Elliott wave video links shared across that will ensure you can learn even the basics of technical analysis and Elliott wave well before the two days’ workshop. There cannot be better investment than this. Post the training Mr. Kyal himself will be more than happy to clarify the doubts by starting a special Discussion forum meant only for the attendees where you can post your personal charts and trades. Register NOW as only a few seats left. For more details visit Training on Time cycles and Neo wave or to block your seat today itself directly call / whatsapp on +91 9920422202. Trust me this can be one of the best investments you can make!

How far Midcap and Smallcap stocks will fall? Smallcap index at important juncture!

Over past few weeks or rather few days there has been serious selloff seen in Midcap and Smallcap indices. Many have lost the perspective of how to react to such sudden and severe selling pressure.

During such times it is best to rely on technical analysis methods like Channel and Time cycles that provide some perspective on where can be a plausible positive reversal!

Below is the chart of Nifty along with Nifty Smallcap index. See yourself the diverged behaviour between the two indices. Nifty has managed to sustain above the lows of 9950 levels made on 23rd March 2018 but Smallcap index is now way lower than the levels seen during that time.

Nifty index and Nifty Smallcap index chart:

The above chart is self-explanatory. Post 2017, it is for the first time we are seeing a strong divergence between the main index and high beta sector. On one hand Nifty has rallied from the lows of 9950 and still near 10600 levels whereas NSE Smallcap index has shown a sharp decline and broke the earlier lows as well. There has been clear lack of interest in the Smallcap space and it is obvious given the valuations these stocks were demanding.

However, look at the channel of the smallcap index and it is now back towards the lower trendline support. It seems this index can form a low in a panic selloff we are seeing over past two days. If the selling does not stop here then there is going to be a very serious concern. So, I am optimistic that the worst might be over soon atleast in near term for few weeks.

The selloff has been sharp enough to ensure majority are trapped at higher levels without giving much time to exit. It is therefore important to use strict stoploss for any trades or investments to avoid getting stuck in such type of events which happens once in few years but is sufficient to eat up the profits of years!!!

In a nutshell, given that cycles are slowly reversing and Smallcap index is near the trendline support the selling in high beta stocks have to take a pause soon and we should see some consolidation for few weeks.  The reversal can be equally strong and fast due to short squeeze. So, get ready to be against the crowd again and we will alert in our daily research report  – The Financial Waves short term update when it is time to pull the trigger! Stay tuned!

Attend the training on Elliott wave, Neo wave and Time cycles and see how I was able to capture the major top near 11000, lows near 9950 and top again near 10930 levels. This is no coincidence but a practice of systematic and scientific methods. Learn yourself in the upcoming sessions on 21st and 22nd July 2018. Also avail access to free research reports under early bird offer! – Check here

Crude: Power of Inverse Head & Shoulder pattern combined with Neo Waves!

MCX Crude has witnessed a strong breakout above its trendline. The pattern identification is important to capture bigger swings. We have taken an extract from “The Financial Waves Monthly Update” which is showing a detail study on MCX Crude.

MCX Crude weekly chart:

In previous update MCX Crude published on September, 2017 we mentioned that, “Move above 3780 will result into minor move towards 4000 levels” BANG ON! Crude has moved as expected and made a high of 4100 levels.

The weekly chart is showing inverse Head & Shoulder pattern which indicates potential reversal on upside. The profit target of this pattern is the difference between neckline and the low of head which gives the target of …. levels, whereas conservative target is the difference between shoulder low and neckline which comes near ….. It is best to stay with the conservative target for now and we will evaluate it further once the first target is achieved.

Crude has completed an Extracting Triangle pattern completing wave (e) on downside. We can observe that the downward moving waves are becoming smaller from left to right i.e. wave (e) <wave (c) < wave (a) which indicates that the momentum was reducing on downside and the upside swings were getting bigger. Break above the (b) – (d) trendline in faster time confirms that an important low is in place for Crude near ….. levels which might remain protected for months to come.

In nutshell, Crude trend is positive. Prices can move towards the target of ….. levels. Further break above …….can take the prices towards …. a level which is the head target! So it is time to live with higher Crude prices but that does not mean equity markets will falter because of Crude as both these assets actually had more of positive correlation rather than negative. Interesting times ahead, stay tuned!

The above research shows the importance of Inverse Head & Shoulder pattern combined with Extracting Triangle pattern which brings out more accuracy in predicting the trade setups and to make good profits.

For detailed research on Nifty, Bank Nifty, Crude, EURUSD, long term stock pick and much more subscribe to our “The Financial Waves Monthly Update”

Nifty: Application of Fibonacci and Neo wave!

How to trade #Nifty despite the events. We have captured the tops near 11117 and lows near 9950. What is next? See application of #Neowave, #Elliottwave, #Fibonacci. Visit https://www.wavesstrategy.com

Nifty scenario analysis – Applying Bollinger Bands®, Moving averages, Wave theory!

Nifty has been moving violently between important levels but has managed to protect the support and resistance all the while.

Nifty had a positive start yesterday and prices touched intraday high of 10279 levels. However, post 1 pm the selling pressure started building up and there was a sharp fall towards 10110 levels. This was a fall of nearly 170 points from the highs in short span of time. The fall was across the board with high beta indices also losing more than 1%. The selling emerged after the announcement of China imposing additional tariff on U.S. products worth 50 bln USD. The short term news events are resulting into random and volatile movement but prices are still trading within a range on net basis.

Nifty 60 mins chart: Preferred counts

The below research is picked up from daily equity report – The Financial Waves short term update

Following is the Nifty scenario analysis:

Scenario 1 – This is our preferred scenario as the majority of stocks are still lying near the support areas and the stocks like SBI, Tata Motors, BHEL that were leading the fall had shown faster retracement above the last falling segment. So there is possibility that Nifty has not completed wave g but it is in its final stages and move back above the high of 10280 will confirm this.

As shown on hourly chart, Nifty is back towards its Bollinger bands support and it failed to close above the same during the day. Also the reversal came from red channel resistance. This increase the odds that wave g is forming an Extracting triangle pattern and post its completion we will see a positive breakout. We will stay with this as preferred scenario as long as strong momentum with break of 10000 is not seen from here.

Scenario 2 – (shown in actual research report) ……….

So for now it is best to wait for a clear trend to emerge as prices are whipsawing around crucial areas thereby creating a challenging trading environment. Now a decisive move back above ……… will result into a positive breakout. Yesterday’s close is back towards the Bollinger bands support area which is at 10120 zone. Let us see if there is a positive attempt in today’s session thereby resulting into no net progress but high volatile movement.

In short, Nifty can continue to trade within ……….. levels. Buying near supports and selling near resistance is going to be the best strategy for now unless a decisive breakout in either direction is seen. We will stay with scenario 1 as preferred count for now and only a break below …….. will force us to adopt scenario 2…

To know what is the scenario 2 in case prices reverse again and what are the positive targets from here on get access now to “The Financial Waves short term update” We turned bullish near 9950 amidst all the pessimism and Nifty is already at 10280 levels. So what is next from here? Subscribe NOW annually and get 3 months of Monthly research report along with it. Visit here

Will Nifty form a low or will it crash?

I am sure majority are getting anxious now when Nifty is moving below 10,000 levels. When it was near 11000 I came out strong and bold and talked about an impending down move. 

Now when Nifty is breaking below 10000, majority are turning bearish when the momentum on downside is reducing. See below my view on Nifty for coming week: 

In case you have not seen my video on 2nd February which was post Budget, you can see why I was bearish then in the below video. Below video was published on 2nd February 2018

Subscribe to daily Equity research report – The Financial Waves short term update and see detailed Elliott wave / Neo wave counts on Nifty, Stocks, Bank Nifty – Visit here 

For Intraday / Positional calls on Nifty, Bank Nifty and stocks visit here

Nifty: Power of Fibonacci ratios, see how accurately it is working!

Below research shows power of Fibonacci ratios especially 76.4% which we have identified as working extremely well on Nifty. It clearly shows application of Neo wave along with Fibonacci and how it helped me to forecast the target around 10320 levels just before the big down move happened.

Following was published in our daily research report – The Financial Waves short term update on 5thFebruary 2018. Look at the below chart and the forecast done near 10320 levels based on Fibonacci retracement of the entire wave g.

Nifty 60 mins chart: (shown in morning on 5th February)

Happened:

Elliott Wave analysis:

Following was published on 5th February 2018 before the collapse-

In previous update we mentioned that “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! ….break below 10878 will be strongly bearish!” BANG ON!

We have been accurate in pointing out that the move seen on the Budget day can be an artificial support and markets are yet to discount it. So, the Budget acted as a catalyst in the already weak market. Above that DJIA – US major equity index cracked more than 650 points in single session which was not seen in years. Now everyone will suddenly start talking about bond yields going higher which was already rising over past few weeks. People are still not focusing on currency markets that have been sending across warning signs even before Budget that I have been talking about all the while. So there have been enough warning signs and we concluded our wave g at the highs on the Budget day itself.

Now looking at the violent nature of the fall there is high probability that a very important top might be in place. A euphoric rise getting culminated by equally fast reversal can be dangerous as lot of long positions are stuck near the highs and there is not much shorts build up since the reversal was dramatic.

Finally, Nifty cracked by more than 250 points. I am saying finally because this will bring back sanity to markets. You might have seen everyone on the street has started giving stock tips irrespective of any basis. Greed – one part of emotion had been in power for way too long and made people lethargic and complacent. A correction is important to ensure sanity returns and necessary home work has to be done before taking any positions. Case in point – You should not be surprised or rather shocked to see sharp correction. We were expecting a reversal anyways.

In my latest webinar you can see the reasons why this topping was imminent – Nifty crash post Budget? Is a top in place?

On hourly charts, you can see that prices have probably completed the entire rise and is now retracing this towards 76.4% levels which is at 10320. It is best to avoid catching a falling knife and trading in direction of the trend as long as Friday’s Gap area is protected. This week’s price action is going to be important and we will be closely seeing if it is indicating a bigger degree correction on downside.

Happened: The above was published just before the crash from 11000 to 10276 levels. This simply shows power of Advanced Elliott wave when applied along with Fibonacci retracement and projections.

So, what is next from here? Are we headed for another crash and is it just the beginning?

To know what is next from here subscribe to “The Financial Waves short term update” the daily research report that shows detailed analysis on Nifty, Bank Nifty and stocks. Also subscribe annually and get access to the monthly research report as a special offer for today! Visit Pricing page

How to trade using 5 minutes to daily charts based on Elliott wave, Neo wave and Hurst’s Time cycles, Fibonacci ratios? Attend the upcoming event on 10th and 11th March and get the power of technical analysis that can increase the accuracy of trades and investments multi-fold. Identify the stocks on daily basis and see what helped us to win the CNBC TV18 trade shows. Know more here or contact us on +91 9920422202 / 022 28831358. Limited seats left!

How to trade using Neo wave and Hurst’s Time cycles?

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What is difference between Elliott wave and Neo wave? Application on Nifty charts!

Neo wave is an Advanced Elliott wave method with more number of rules and newer patterns to increase the overall objectivity.

Orthodox Elliott wave was originally discovered by R. N. Elliott in 1930s. His original work mentioned that stock market does not move randomly but in systematic fashion that follows Fibonacci numbers and natural laws. This systematic movement in prices are in form of waves. Normally there are 5 steps forward and 3 steps backward resulting into a net progression which is valid for stock market as well. The concept cannot be just applied but one needs to understand the basic premise and certain rules to apply it objectively.

Any price movement as per basic Elliott wave is classified into Impulsive and Corrective. There are various patterns within these broader heads. Impulsive waves need to follow three basic rules:

1. Wave 2 cannot retrace complete of wave 1
2. Wave 3 cannot be the shortest of the directional waves 1, 3 and 5
3. Wave 4 cannot enter into territory of wave 1

The above 3 basic rules if followed then the price movement under consideration can be classified as a normal Impulse wave.

However, when the market structure is complex there is possibility that the movement can be counted in many different ways. This can result into subjectivity and the entire purpose of wave theory can be lost. To overcome this limitation Neo wave was developed that has more than 15 different rules to define a simple impulse pattern. Following are a few of them:

1. Wave 2 cannot retrace more than 61.8% of wave 1
2. Wave 3 cannot be the shortest of the directional waves 1,3 and 5
3. Wave 4 cannot enter into territory of wave 2
4. There has to be atleast one extended wave which is going to be 1.618% of non extended wave. If there is no extension then the pattern under consideration is corrective
5. One of the directional waves should subdivide
6. Corrective waves should consume more time than the preceding impulsive wave
7. Touch point rule: Out of 6 points not more than 4 points should lie on the channel
8. …
9. …etc

The above shows only a few set of rules for an impulse pattern as defined by Neo wave. There are newly developed patterns as well which were never a part of original Elliott wave. To name a few are:

–   Diametric Pattern

–   Neutral Triangle

–   Extracting Triangle

–   3rd Extended Terminal with 5th Failure

These new patterns are equally important to understand because majority of the movement seen in the world equity markets are taking the forms of these patterns that were never covered in original work of R. N. Elliott

We take a step ahead and combine this complex study of Neo wave to that of Time cycles. It is not always that both the studies will be in sync but when they are indeed suggesting the same outcome that is the time that the trade setup is of very high accuracy and it just leaves only one probable outcome. These are the times when one can go all in with prudent risk and money management strategies which have the potential to give the best of the returns in shortest amount of time.

Below part of research was shown 01st February 2018 daily research report when Nifty was in the toping zone that too on the Budget day!

Nifty 60 mins chart – Anticipated on 1st February 2018

Nifty 60 mins chart – Happened & Anticipated on 2nd February 2018

Happened as on 6th February 2018:

Nifty 60 mins chart:

The above charts are self-explanatory and simply show power of Neo wave.

Following was mentioned on Budget day before markets opened on 1st February 2018

“It is best to trade systematically with 10920 as very important support and 11170 as important resistance. As the fall of past two days is overlapping without any momentum we might see positivity or atleast a retest of 11120 levels.” BANG ON!

Happened: Nifty touched high of 11117 before reversing for the month

On 2nd February morning research we mentioned that – 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! Move above 11120 is must to resume the positive trend else break below 10878 will be strongly bearish!

Happened: Low at 10878 was broken and everyone knows the serious selloff resulted into price moving towards 10276 levels in less than a week.

The above clearly shows how understanding Neo wave pattern helped us to catch a top when majority were busy buying exactly at the wrong levels and wrong time. The fall also happened precisely towards the level of 76.4% retracement of the rise which was shown on the daily research report.

References are taken from “The Financial Waves short term update” daily research report which covers Nifty, Bank Nifty and stocks on rotational basis and “The Financial Waves Monthly update” that shows medium to long term perspective on Nifty, INR Pairs, Global Markets, Gold, other commodities. For subscription options visit Pricing Page

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Nifty collapsed with Global markets, What is next?

Nifty crashed more than 390 points on intraday basis after the collapse on DJIA and global markets. Everyone is busy finding reasons to selloff but Elliott wave helped us to trade on short side well before this happened.

After the sharp decline with no major event globally, many are busy justifying the selloff and talking about yields tightening. But how does it help after the selloff happened?

Is there a way to catch such reversals, absolutely “YES”. Look at the below chart of Nifty when we marked a top is in place.

Also in my latest webinar last Friday 2nd March 2018 I mentioned Post Budget we might be topping – watch the webinar here

Now also look at the below chart we showed

Nifty 60 mins chart – Anticipated on 2nd February 2018 morning research report

Nifty 60 mins chart: Happened

Following was mentioned in morning of 2nd February in daily equity research report –

In short, 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! Move above 11120 is must to resume the positive trend else break below 10878 will be strongly bearish!

Following was mentioned in morning of 5th February in daily equity research report –

In short, 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. Let us see how far it goes from here! BANG ON!

Happened: Nifty collapsed along with global markets and now everyone is talking how we recovered from the lows. Our clients subscribed to daily morning research reports were already warned and asked to short as you can see above. We have been giving sell calls over past few days in our daily stock tips and advisory.

Movement of Nifty is no surprise for us and volatility was supposed to increase. So what is next from here? Did we form a short term low? Or Is it just the beginning of a bigger downtrend?

“The Financial Wave short term update” is our flagship research report consisting of views on Nifty, Bank Nifty and stocks. Subscribe now and see where we are headed from here on. Visit Pricing Page

Attend the Most Advanced Training on Technical analysis and application of Elliott wave, Neo wave, Hurst’s Time cycles on charts right from 5 minutes to daily and weekly. Also learn the power of forecasting and trading that helped to catch a BIG reversal this time as well. Only a few seats left. Register now and get free research reports until 15th February 2018. Know more