Sunday, November 9, 2014

Nifty Astro Technicals for Nov 10 to 14, 2014

Here is a chart of Nifty Fibo levels:
The current wave has consumed nearly 50% time of the previous wave and is yet to begin any retrace.
Looking at the daily cycles, the 23 day cycle has consumed 14 days so far and the momentum has now tapered down.23 day cycle has another 9 more days to go.Perhaps this is why the hourly cycles are so phased out by now,Interestingly the 23 day cycles also show  more inversions  compared to the larger 108 day cycle which seems to find bottoms at regular intervals.The next 108 day cycle bottom is around December 24, 2014.

1 comment:

Kannan Srinivas said...

My Dear Sureshji

Thanks as always for a brilliant sum up.

It helps me a lot