I have mentioned before that there may be more than one way to interpret these waves. I consider 2253 for Nifty as base of this cycle reached in October 2008. Wave I (Upswing) 2253 upto 3147 Wave II (Downswing) 3147 down to 2539 Wave III (Upswing) 2539 upto 5182 Wave IV (Downswing) 5182 down to 4480 ? Wave V (Upswing) 4480 upto 6350 ? In my opinion we are riding the downwave IV which started falling from 5182 and may go down to 4480 or lower to 4360. On 03 Novemvber, Nifty is likely to collapse badly. Nifty spot may slip below 4500. But good news is that correction may be over about here. ...
yes may be nifty will touch 4200 if break 4200 then u can see 3600 but 1st we have to see 4500 then it will go more down so just wait & watch till confidance not come agen in market more 5 % down side expected 4500 is come soon then we have to buy smol Qty & if brack 4500 below then exit long thats my viwe only i am not technical or any tips sender i am the only invstar only so its not tips or els that is only my viwe
It may go down or even crash. But it is nothing to do with U.S going down. Did not we go down when the DOW went up by 2%? Instead we went down by 500 points from the peak. Global cues is the real BS theory. It just indicates the opening and not the closing. The opening may be gap down.
Do you always see darker side of picture as a matter of habit ? I have givn my opinion about the market. Do you think I am a criminal who has to justify every move of the market ? May I know why you call your pal to support you ?
I think you are not aware of trading holidays, monday is one of them.
Well many of us forgot what all fund houses, Fii`s , Dii`s, fundamental and technical analyst said earlier, nifty will shoot to 5200, correct upto 10 % which we already have and then starts the mad rush of buying which may lead to nifty 5500 very quickly than even thought.
Indian markets do take cues from dow, but certainly its not necessary to follow em.
regards.
Closing -
Sometimes becomes more tightly coupled, making it easy for analysts to explain intraday price moves.
Sometimes by evening, our market will be totally decoupled, here analysts will find it difficult to explanation. The explanation can be as vague as in the following examples:
1) Belated reaction to good Q2 results
2) Markets digested bad IIP numbers, inflation rates and bad set of Q2 numbers and moved ahead
3) Q2 results are good but we believe they will struggle to deliver in the next few quarters
4) RBI did not increase key rates, but they are likely to do that in future and market is already reacting to that.
5) xyz stock price can go up, but yes they can go down along with other commodities as market is already factoring the increased commodity prices
6) Our markets showed a lot of resilience outperforming global peers
Hi Nadhi,
Hight time we decouple. But I don`t think we are close even when lic alone is going to pour is 50k cr in fy10.
Results look bad, though expected, whether it`s telecom, IFCI, Wipro revenue which is down about 20% even when rupee was at 47-50 or Ril.
On top of those we have the charts showing a sliding channel & the global cues. I hope it won`t be another black one tomorrow.
I wouldn`t be surprised to see more audit irregularities tumbling out or more stocks heading towards 52 week lows. May be a very selective accumulation opportunity.
now I can understand why many boarders have been cursing u. You write on the board as if you are an authority on the market movements and then immediately start taking non-sense also? Uptil now I thought that why people personally curse u but now I understand that boarders must have lost heavily because of your authentic comments. How dare u say that you have to justify your comments? One who is considering himself to be an expert and I also understand that u run a paid service, your every action/recommendation should be justified? Do u understand you better understand !!!!!!!!
On Monday Indian stock markets will remain closed. However I see chance of sharp correction on Tuesday. Nifty may open at 4650 with a gap down of 60 points in the first few minutes. To my surprise Singapore Nifty traded today and it touched 4643. I think Nifty may go below 4500 within a day or two. Many mid cap stocks may collapse by over 10% on Tuesday.
Dow was bleeding on Friday. Its futures too are in deep red of over 200 points. I think further correction in Dow is possible on Monday. Dow will find good support near 9620.
Once Nifty falls to its concrete floor near 4480, it will bounce back very strongly. If it managed to hold this support, I see Nifty rising to 6300 within six months.
I have mentioned before that there may be more than one way to interpret these waves. I consider 2253 for Nifty as base of this cycle reached in October 2008.
Wave I (Upswing) 2253 upto 3147
Wave II (Downswing) 3147 down to 2539
Wave III (Upswing) 2539 upto 5182
Wave IV (Downswing) 5182 down to 4480 ?
Wave V (Upswing) 4480 upto 6350 ?
In my opinion we are riding the downwave IV which started falling from 5182 and may go down to 4480 or lower to 4360. On 03 Novemvber, Nifty is likely to collapse badly. Nifty spot may slip below 4500. But good news is that correction may be over soon.
| NIFTY 
