September 2, 2014

NIFTY diametric chart

I have posted this before but am unable to find the link. This is not my research but this chart has appeared in firecharts in JUN 2013.

The view here is of a rally to 11000 nifty is expected (F wave) followed by a crash to 4400 levels... this will be followed by the start of super massive bull run.

Do not be obsessed with the levels or the accuracy.... just focus on the pattern.

So generally there seems to be a consensus that this rally will continue for some time, we will have a big correction and then start of a new bull run. The levels/ timing differs but that is ok.

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