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SGX Nifty 24th June 2016
(As sent to clients yesterday evening)
Nifty today moved higher and now it has completed the criteria for topping by entering the target range of 8255-8366 spot Nifty. We have been wrong for the past 200 odd points but we are very clear and confident of our wave counts. At this juncture the world and all of you are focused on the outcome of Brexit but what we would like you to remember is that in Feb 2-3rd week when everyone had written off Equities we had clearly mentioned that Nifty will come to 8250 area in this round and we have more or less completed that. At that juncture and time most of you were asking me as to what news will take Nifty to 8250, what will be the trigger ? Some of you were even arguing with me that what non sense I was talking but were we are that prediction of 8250 has also turned correct. We could have timed our trades a little better or rather much better but we are working on that aspect from our side. I am not God to get all the tops and bottoms what we are doing as of now itself is huge task with astro cycle calculations for the coming move going right back to 1981.
Amway’s lets come back to the current market scenario. As of now let us assume that Britain remains in EU then there could just be a gap up opening (if the results come before Nifty opens tomorrow) and post that start falling. If Britain remain votes win news comes during the market hours then we expect a spike up towards 8366 spot Nifty and then Nifty starting to fall from there. We reiterate that we see the current move as a ongoing corrective wave and the internal counts for the same are that g wave is about to fail as it is a a-b-c. As per Neo wave rule wave g has to be similar to wave a in terms of price and time a variation of about 20% is allowed as per our studies. Now for you to understand what was wave a is please rewind and go back to noon of 29th Feb 2016 when Nifty made a low of 6825 and then in 4 days touched 7423. That was wave a and as per rule if wave g is not showing resemblance to a then consider it as failed. Now wave g has started on 20th June 2016 and in 4 trading days it has not shown any move similar to that of wave a which moved from 6825-7423. Hence we can safely conclude that wave g is about to fail. Now let’s see what happens when a diametric g wave fails the next wave comes (which will be wave C) will come with higher speed than that of wave a and breach the bottom of (for clients) will be taken out in the coming time in max 66% time. So in the next 3 months we can expect (clients info) to be breached. Again what news will come I really don’t know. News is always a trailing indicator not a fwd one. Hence please do not focus on the news but see the overall character of the move.
Astro cycles also confirm that same as per wave counts. Rahu (North Node) is controlling the rally and at 7000 levels he created mass hysteria and now he has created mass euphoria. The bottom line is that he will deceive people and trap them into massive bullish positions and most people will not understand that this is actually a pullback cycle till 7500 is not taken out. I am not writing all this out of any prejudice. In fact this is what exactly we had seen in our calculations from lower side levels of 7000 area.
Bottom line hyper valuations, failing wave g of an diametric wave pullback, astro cycles, sentiment indicators and multiple other systems are just showing one single thing a total collapse of Nifty and world stock markets. I am not saying this because we have shorts but this is the reality what I see and Rahu has done a perfect job of showing a rosy picture to masses when the reality is very grim.
Next few more days could be some more time pass by Nifty. Hold shorts as told we are about to witness a total world vide collapse.
Good Trading To You!