Dear Readers,
First of all, thanks to all of you for all the love and appreciation that you all have shown to me....
Now, Nifty 1 month futures touched 4517 thus almost touching my target of 4550 within 6 days. As I had already mentioned, I repeat that the election GAP in all probability will remain unbridged in the next few years.....
Reason: We are in a bull market....I had spoken of the start of Bull Market at 3300 itself when global fund managers were talking newer bottom (One can refer to the previous articles)
Now the question is why the GAP wont be filled? I will explain this in detail in my next post....
Lets see where Nifty can probably head for from here......
As I can see on the charts.....
1. Nifty is moving ahead with a very strong 'W' wave in place....This 'W' wave had started after the full completion of the previous doen leg, where the wave had succesfully left all its bearishness (more so in the Sensex which comprises of the major 30 stocks).....
2. PCR is at 1.11 with increasing open interest, which clearly indicates that a lot of out-of-money puts are being written.
3. Saptarshi Swing Trade (my own indicator) is showing a bull crossover in the bullish zone. These crossovers are very rare and whenever happens, it indicates that we are in for a massive upmove.....
4. The upmove will try to show a resistance around 4700, thereby confusing all traders and asking them to be out of this market. BUT, that resistance should be insignificant.....And Nifty should move towards 5050 (+/- 30 points) with ease (levels as of Nifty 1-month futures).
5. At around 5050, one should get out of their longs and wait for the dips.....Will update at that time......
Just remember one thing, Nifty will move so fast that most of us might not get a chance to ride this mega move. And this fast and furious move will be a very turbulent one....(Please note down 5050 for your future references).
First of all, thanks to all of you for all the love and appreciation that you all have shown to me....
Now, Nifty 1 month futures touched 4517 thus almost touching my target of 4550 within 6 days. As I had already mentioned, I repeat that the election GAP in all probability will remain unbridged in the next few years.....
Reason: We are in a bull market....I had spoken of the start of Bull Market at 3300 itself when global fund managers were talking newer bottom (One can refer to the previous articles)
Now the question is why the GAP wont be filled? I will explain this in detail in my next post....
Lets see where Nifty can probably head for from here......
As I can see on the charts.....
1. Nifty is moving ahead with a very strong 'W' wave in place....This 'W' wave had started after the full completion of the previous doen leg, where the wave had succesfully left all its bearishness (more so in the Sensex which comprises of the major 30 stocks).....
2. PCR is at 1.11 with increasing open interest, which clearly indicates that a lot of out-of-money puts are being written.
3. Saptarshi Swing Trade (my own indicator) is showing a bull crossover in the bullish zone. These crossovers are very rare and whenever happens, it indicates that we are in for a massive upmove.....
4. The upmove will try to show a resistance around 4700, thereby confusing all traders and asking them to be out of this market. BUT, that resistance should be insignificant.....And Nifty should move towards 5050 (+/- 30 points) with ease (levels as of Nifty 1-month futures).
5. At around 5050, one should get out of their longs and wait for the dips.....Will update at that time......
Just remember one thing, Nifty will move so fast that most of us might not get a chance to ride this mega move. And this fast and furious move will be a very turbulent one....(Please note down 5050 for your future references).
3 comments:
hi saptarshi......
i hav read all ur analysis frm 3320-4550.......
still i can't believe the happenings.......
i never see similar analysis bfr.....
i am still stuck with mathematical indicator analysis........
ur an eye opener for me to do wave analysis......
thanks and regards.....
Thanks!, am a beginner and ur blog helped me a lot in investing.. you are a genius :)
I’ve read your blog and it interests me a lot since it’s very informative. Thumbs up on it! I also added you to my list. I'm looking forward in reading more of your blogs in the future. You can check on this blog: http://www.umttrading.com/Universal. They also cite discussions on trading.
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