Sunday, April 15, 2012
A Look at Nifty Weekly Cycles
Nifty seems to follow a 14 to 15 week cycles, counted from trough to trough.Taking stock from March 2009 lows ( to capture the newer trends incorporated in Nifty movements),the smallest cycle was 10 weeks and the largest was 19 weeks. We are entering the 17 th week on April 16, 2012, for a cycle beginning December 19, 2011.With Pluto retrograde and Mars turning direct it looks like a cycle low is soon due.
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2 comments:
Sureshji
Yes we may not break 5630 the recent top , and correction may have been started or may start after one sharp rally.
Dear Amol,
Astro wise, Pluto retrograde station and Mars direct station are critical reversal signs of an intermediate nature.So possibly the next cycle could have begun. And I also think that we could move towards a double top and react back, this cycle.But the speed of ascension may be considerably slower. And that could lead to a big reaction in June or July.
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