The Nifty has made 16% rally in last 3 months without showing a major correction similar to what DAX & SPX500 have been doing !! But a similar pattern has emerged -- A spurt to higher side after consolidation and then a correction !! On the other hand, SPX500 seems to be in correction mode ( Wave 4 ) whereas Nifty is in Wave 5 !! DXY is about to make a U-turn...
Most major markets are showing similar patterns : Dax, SPX 500 & Nifty are very identical in wave pattern !! All the markets continued to move up !! Wave 3 rally look over Both MACD & RSI is falling !! Expect a low of 10750 for targets of last high !!
Nifty is now in overbought zone !! Both RSI & MACD - Overbought Nifty is in it's final upward journey -- Wave 4 of Wave 5 correction about to start !! And it looks Nifty might make a low of 8500 by 17 March just after FED Meet !! Watchout : Trump Tuesday Meet FED Meet 15 March
Long Dax with targets of 11800 - 12000 within november/by mid december .. Wave 3 of Wave 5 in play !! Jump on the Bull Ride Till it Lasts !!
Long USD : RSI in Ovesold zone DXY in wave 4 correction -- abc correction most probably !! so expecting an upside to 102/103 !!
AAPL SHort at - 124 !! It's time to say goodbye to Apple !!
BTCUSD in sell zone -- Dont chase the rally !! Overbought on weekly charts !! Just close the position !!
SPX500 is trading at life time highs - breaking past its upper resistance of 2200 ! Expect more upside in coming months !! Currently SPX500 is in Wave 3 of its final wave 5 !! Let it cool down a bit to go long -- Entry Point - 2250 to 2217 Target - 2330 Stop Loss : 2180 Currently on 2hrs charts -- Spx500 in wave 4 -- wave 5 might just touch 2300 in...
Dollar is now showing signs of overbought !! RSI & MACD not bullish -- a bit bearish !! FED event gone - no more event lined up If scenario wave count -- most probably wave 3 is about to end of wave 5 (not on chart )!!
Two things have happened :- 1. Cut in oil production ( even if only for short term ) 2. Fed Hike - Bullish Dollar From the lows of 28 to currently at 55 -- Crude has still enough strength left to go higher towards 67 - 70 by April 2017. Crude now in Wave c after breaking the upper resistance of 52 -- lets wait for it to come down to 50 to average for targets of 67....
Gold has retraced to Fib level 76.4 !! RS I - over sold Buy on Weekly Charts Gold is charting ABC correction path of which wave b is in play !! On the other hand Dollar Index has run ahead of itself - it needs to cool down !! Target of 1500 by April 2017 Stop Loss at 1100
Long Nifty : Long at 7970 - 7900 Stop Loss : 7750 We expect this to be a completion of wave 4 correction !! On other hand USDINR is trading at life highs !! Both of the above are either oversold or overbought !! Looking at other coming events -- Rate cut of 50 bps by RBI in december - expected (25 bps factored in ) -- FED Meet - markets prediction...
Short DXY with a Stop Loss just above last high ticks !!! With RSI falling this might develop into a double top !! Unless it breaks this for a new high !! Stop Loss: 99.20 Target : 97.38
Last Post : Nifty -1.76% after touching high of 8960 has now entered into correction mode !! So wave 5 ends of Wave 3 of Wave 3 !! Expect this correction to complete either at 8550 ( Less chances ) or at 8700 levels !! Wait till the FED meet this month -- Once FED goes with no rate hike -- Expect markets to touch life highs !! So Now we are at 8600 --...
GER30: Long Wave 3 of wave 3 is about to start ! Expect a 10% run !!
Most markets are now moving upwards !! Wave 3 of wave 3 of wave 5 in play !! And if it's right -- you can get 40 - 50 % return on stocks !! SPX500 : Within striking distance of making new highs !! FED hike talks had no impact till friday !! Buy @ 10200 With Sl @ 9700 Once Dax breaches 10500 expect it to climb to 11400 !!
XGY0 : Future Planning !!! Everything On Charts !!
Short Entry between -- 50 - 55 Stop Loss -- 60 Target -- Last Low - 10 - 14 In 2008 Fed stood up Who's gonna be this time !!