As expected Nifty tanks again & with style. Two of my Good friends have already hinted this fallway ahead on saturday, because of different reasons. Since i was waiting for their consent to post their messages on my blog, i was not able to share this information with you before hand. Though still i am waiting for their approval, i cannot hold back myself seeing the plight of investors & carnage inthe market.
So here goes the messages.
Nifty is in long term bearish channel and 4th wave is in process which will get over soon....and 5th wave of down will start..
It is suggested that at high or near to upper band of channel ....we must sell and book near to lower band of channel as days passes...
Trend reversal only can be identified or confirmed if prices breaks upper band of channel with high volume and remain up for 3 consecutive days.
ADX/DMI,ELLIOT TRIGGER/JTI and PTI all showing bearishness. ..
so be carefull on longs...It has been adviced to sell on high...
Best of Luck..
Second Message
march is a time for the solar eclipse ,this time , eclipse starts from india .One can see the paths .Astrologically best to remain short this week especially approaching this date in the stock markets . Luck to all .We are in for a huge downside soon .Watch it. Stay short or hedged on your portfolio .
So My friends decide yourself which is the exact reason for a fall, Technical, Exclipse , both or YEN.
Disclosure & Disclaimer as mentioned earlier.
This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
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