Sunday, March 17, 2013

Nifty Wave Counts- Some Alternatives

You don`t want me to elaborate on these charts do you? They are quite simple and straight forward..


  1. Dear Suresh,

    I am new to this blog. Amazing analysis,as I went through your archives.

    The first two charts are crystal clear and both points towards a bearish one testing 5548.

    But the wave count 3 needs some explanation for a novice like me.

    Besides the point, you approach leads me to light and comes to a prognosis, no moves are random.

    Great job sir, great job

  2. Dear Cheeku,

    The third alternative is simpler.According to this, we have completed the A leg of the down move and are currently in the complicated B wave. This will tend to consume time without going anywhere in particular.And ultimately wave B could end and a bigger wave C down may commence after a few weeks.

    Thanks for your comments, Cheeku.

    Warm Regards


  3. Dear Suresh,

    Thanks for the enlightenment which adds more clarity with your sum up.