Looking at the long term charts of Nifty, we see a powerfully bullish picture emerging...
Minimum target from the Cup and Handle formation is 10,471.Of course the path will be full of ups and downs and all downs become important for investors because they represent buying opportunities.
From a Neo Wave perspective also, the current situation is quite important ...
In the month of August 2013, wave E ended and wave F had began upwards in the form of complex correctives, well channeled. That they are so well channeled makes them complex correctives rather than impulse waves.First corrective was a diametric and it appears that the second corrective also may be one. This means the current upthrust of "e" could end in a few days and a down move of "f" could start. This may be followed by another final upmove of "g".Then there could be a larger correction which could bring Nifty down, outside the channel and consolidate. End of "G" should mark the beginning of " Mother of all bull markets".
So ride the present upmove but be vigilant. The move is fast maturing and will produce volatility, associated with the f and g legs. Then corrections could happen..sometimes quickly.
Let us look at short term astro effects ...
We see most of the latest turning points happened when more than one Moon effects were present.The latest Moon declination and Full Moon was the start of this latest upmove.
Between June 11 to 13,there are four separate Moon effects. Saturn also in in it's extreme.
Additionally Moon is in the midpoint of Uranus and Mars, on July 12.And on July 16, Sun triggers the Rahu Ketu axis.
So a minor correction should ensue, shaking out all weak hands.
All the best for the pre Budget and post budget markets to all my friends!
Disclaimer:Whatever given here is just my point of view. Acting on them is solely up to you.I cannot be responsible for profits or losses or lack thereof owing to actions based on these observations
20 comments:
i hope now we will be enlightened regularly thru your posts
Hopefully yes!
Thank you.
After long time. Thanks for guidence and suppprt
Its good to see your post again.
Thanks a lot....You are back...
Nice to see your welcome note.Hope to have a great time with you!
Wow, nice to see you are back!!!, keep helping us on astrological point of view...Suresh Sirji..... Indeed, This is a very good sign that nifty closing at weekly high & lifetime high trend is up.... 7800-7850 remains an immediate resistance level for Nifty and some profit-taking was emerging at the level of 7800.. glad you are back!!!
Thank you KPS.I am honored.
I am also delighted to be back!
Sure Mohanty.We are in historical times.Since the Stock markets lead the main Economy by at least six months, this bodes well for the country as a whole.Movement of Rahu into Virgo and later into Leo and then into Cancer, also points to an economy bend.Interestingly the real estate markets are also on a cusp of solid growth.2014 is the midpoint of the realty cycle which topped out in 2008.Next peak is in 2020.
Welcome back. We missed ur updates thoroughly. Kindly continue to blog regularly. Thanks
My Dear Sureshji
Glad to see you after a gap 11 months. I am sure we will continue to be educated by your knowledgeable posts
God bless you
Kannan Srinivasan
Wow. We missed you a lot. Nice to see you back. Appreciate if you could provide the updates regularly as we had immense support and confident on your views. Thanks
Welcome back Suresh ji. It's great decision.
many many thanks
do you expect to post on a weekly basis as before or less often???
vick
Thank you Ankit. I have been following your AMA Blogs. Quite interesting and accurate!
Thank you Kannan.Hope to be with all of you, continuously and learn from your observations as well.
Sure Vetri. Thanks for your support and encouragement.
Thanks, Never Give Up. Nice to connect with old friends once again!.
Hi Vick,
As of now, I think a weekly once posting should suffice. If I feel there is anything important or unusual happening midweek, then I shall post more often.
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