NIFTY failed to kiss 12000 ,leave it, we have signal for Trend reversal. Neo wave time cycle gives clear picture that, relief rally time is given to bulls are OVER. Following WAVE(A) ( TRIPLE ZIGZAG), we had a NEO wave DIAMETRIC for WAVE(B) in which wave g failed to reach 12000. failure of wave g is like 5th wave failure. Starting on Monday with 470 point swing ,our beloved NIFTY TURNED its direction southwards. December 2020 is the time limit for shorts. Immediate target for correction is 10650. HAPPY BEARS ...
I find your view interesting Mr. @selvamgeetha. let's see how Nifty will play out! but I was wondering with the vaccine to be available in a few months and our govt untying the knots for businesses don't you think there might be a possibility of recovery? I wanna know your POV. and thank you for taking the time to help.
selvamB
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@AbhilashValajipeta, Thank you for your valuable query at the right time,
Stock market will reflect the price of 2to5 yearFuture earnings (8 to 20 P/E).The price you are ready to buy now is valid for minimum 2 years, Now the future of the major index constituents ( Financials & Banks) will be in trouble for the coming 2 years followed by allied sectors like real estate and auto ,Hence we can see stock rotation in phases. This will make index volatile and finally we have a five year worst period in the stock market history. Remember we lost 470 points in Nifty in hardly one day, It just need 10 days to come to 7000
AbhilashValajipeta
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@selvamgeetha, Firstly thanks for replying. I learned valuable pieces of info from your reply.
1) Stock Market reflects the price of 2 to 5-year future earnings.
2) quoting your response, "we lost 470 points in Nifty in hardly one day", from this I learned that market discounts everything. and the pattern failed for the fifth time to test the 12000 levels.
3) your POV of Financials & Banks being in trouble, with the RBI reducing the liquidity in the entire system, and banks making it more difficult for businesses to borrow money will exert a lot of pressure on the business ecosystem of India. which in turn increase the selling pressure
even though I knew the bits and pieces of the news your POV, brought them together in one piece!