Dear Members,

03 APRIL 2017

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 

Nifty lagged behind the Midcaps and bank nifty last week causing an inter market divergence, however we are higher this morning. So wave 5 is extending and there are a couple of alternates to consider like a triangle. The real risk however remains from global markets where the bond market has bottomed and that is usually a sign of an equity market top. So you have to pay attention to US equity trends. The Nifty is atempting to get past the 9200 mark and make way for 9700 but success is not yet guaranteed. On the chart below you see the series of bull markets that ended in what was later called a bubble. The KP bubble was a really what the domestic version of the Tech bubble was, because most of the Indian so called tech stocks of that time that were tageed with the KP name have disappeared from the face of Dalal Street. In this weeks video I discuss the Bond bubble that is still to be recognised...  READ MORE