As the market continues to gyrate up and down month after month volatility as measured by the India vix is slowly rising as bulls and bears slug it out in the debate on the future direction of the market. I have been particularly enthusiastic about the new set of BSE Indices as they have now some historical data and many are far more more broad based then their original peers. In doing so the patterns being reflected on
then are clear and probably more reliable. So i published the BSE Finance, BSE Consumer Discretionary and BSE Industrials index recently reflecting on them. Here is one more and you can try to take a guess on which one we are looking at as I put it online on social.
I like the touch points of the highs and lows, and the idea that I have spent months mulling over that we are looking at a ending pattern of sorts. Why?Because the rally is not impulsive, what does it mean? I reflected upon this in detail in Yesterday's Long Short Update along with the Alternates for the Nifty Long term Wave count. You can read it right now by Following this link to more of the Truth behind the market. The Nifty closed down for the month and the Dow hit a new record closing, interesting times Indeed
