Nifty Long or Short
Published: Wed, 10/04/17
rising yields all month long. That the long term rate cycle for India has turned
is soon to be proven otherwise. It was a good trade. The turn will come only
after a final spike. A view I have retained for the last few years.
So as things went I published this chart of the Bank nifty to Insiders this morning.
What lies ahead needs to be seen
But as you have already see in my Long term wave Counts
on the home page of Indiacharts I have marked the entire rise from the
2016 low as wave B. What does this mean? What are the implications of
this for the market. Is it right to consider all the moves up from 2009 as
a series of impulse waves? i discuss the nature of the moves and the implication
of these wave counts for the Nifty Bank Nifty and the economic outlook, and
how now more than ever the two are in tandem and obvious to all.
All this in the Long Short Report that I published overnight.
It is a rare moment, because typically at or near a market high the economic
data should be robust. So everyone has chosen to ignore it and dwell
on the gains being made by buying and holding or even more with a simple
SIP that will buy the dip.
However there are many economic factors that charts can track and defend
when it comes to taking the right side of the market. Like where are interest
rates headed, what do bond prices tell us. Which asset class will be the best
performing in the coming year. etc. With the last two reports Published
in Aug and Sept. I have clearly thrown light on that. Where is the dollar
headed and is it in a Bull market or Bear market plays an important role in
global asset allocation and currency driven liquidity flows.
So if you have not yet read the latest Long Short Report or the August
report then you can access them online right now Click Here to sign
up or renew you registration with us.
Rohit Srivastava
The Truth About the Markets !