Nifty Small 100 - visually all these indices continue to look like expanding patterns marking the end of a trend. One look and there is no reason to believe otherwise. Let the world buy wave E but wait for a confirmation that it is over and rolling over. The trend reversal from wave E up is always brutal.

In 2007 the Nasdaq composite formed an expanding pattern into the top.There is no clear starting point for these patterns but they matter, when they develop. There is a small throwover above the upper line too before the trend reversed. Prices may even spend time up there before the turn.

Indiacharts has been forecasting the markets freely from this blog since 2001. In June 2013 we launched the Insiders Program so that you can ride the markets up and downs as it happens everyday.