Nifty in a truncated week

Published: Wed, 04/13/16

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The Complete Analysis
Dear ,

The market has been Jubilant especially when it comes to small and midcaps. That is the segment that has been the driver of market sentiment in each of the rallies last year. So even after 4 quarter of decline in the Nifty Midcaps are still outperforming Large Caps on a relative basis. This has never happened for so long before. It is time for a Mean reversion.

Recently the dollar has started to decline and arguments that favour a weak dollar for a strong EM environment are back. So I have posted a video on it. It does acknowledge that this is not 2003-2008 and so the themes are going to be different. In India this change in theme has already been in play for the last few years.

Also find all my other market updates



  Michael Kass - Emerging markets Recovery
Video

11 APRIL 2015 

The weekly elliott wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE 

The Nifty closed down for a second week, recently we have seen 3-4 week cycles, and this week is truncated due to a lot of holidays. The market also paused at the key 61.8% retracement mark from the Oct high and the 40wema, and falling trend channel, to end below the 20 week average....  READ MORE

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Rohit Srivastava
www.indiacharts.com
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