As expected Nifty rose once again..this time crossing the 200 day exponential moving average as well.We are in the last leg of wave b, that is we are in wavelet g which may give way any moment now. Then we ought to see wave C down and only after wave C is complete will the bear be truly dead and gone.
Having said this, I had been warning for quite some time now that the next bullish run is about to begin.. I had been saying this even when the markets were falling hugely. That the medium and long term look quite bullish from now on.
The 30 minute chart brings out the diametric nature of the development. Our markets are truly prone to diametric formations and it is vital to understand them fully if we wish to make money consistently.
Two most important formations looming on the horizon are Mars becoming Retrograde on April 17th and immediately within a day, Pluto also becomes retrograde.
It isc also important to understand that Planets such as Uranus, Neptune and Pluto affect masses and so are VERY important from a stock market perspective. Also note that Neptune is a dreamy planet and hard aspects to it can bring about a market fall most consistently.
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