Previously, I mentioned that its necessary to be patient, and I think we have an answer now.
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1. I'm looking for there to be a couple of red days which I can buy....
While the Nifty has been acting quite well, the Indian Rupee has not been very bullish at all to say the least. This impact is being felt on the EPI index which is exposed to currency risk as well in addition to equity risk, a fact which is overlooked by some market participants.
In any case, the way it has been acting, makes it look like further lows are ahead,...
BRIC ( Brazil, Russia, India, China)
MINT ( Mexico, Indonesia,Nigeria, Turkey)
The BRIC and MINT concept was introduced by former Goldman Sach economist Jim O'Neill. Mr. O'Neill recently said that BRIC and MINTs countries would shape the world's economy in the next decade, and they would be the best places for investments.
Although I don't disagree with Mr....