Wave (( a )) has completed so expect a corrective pullback toward 14200 – 14250 area from where the Index should turn higher again. We don’t like selling the Index into the pullback and strategy remains to buy the dips in 3, 7 and 11 swings.

Wave ( B ) has ended as a FLAT.  Expect more upside toward 14650 14700 area to complete a 5 wave move up from 13750. After that, Index should pull back in 3 waves in wave (( b )) before turning  higher again We don’t like selling the Index into any proposed pullbacks and strategy […]

Index appears to be completing wave ( B ) as a FLAT which can still test 13709. As Index avoids aggressive weakness below this level, expect it to turn higher.  Break above 14160 will confirm wave ( B ) low is in place.  

Wave A high is in place. While below 9301, expect more downside ideally toward 8788 which will offer a buying opportunity in the Index. Hourly cycles are positive and hence we don’t like selling the pair Index. Strategy remains to buy the dips in 3, 7 and 11 swings. If you would like to receive […]

Index has completed a 5 wave move @ 6709 peak and is currently in wave ( B ). Wave A of ( B ) has completed @ 6507 and wave B of ( B ) is under way which can reach as high as 6661 (76.4 fib) from where we expect the Index to trade […]

Wave ( A ) high appears to be in place. Today, we have seen a break of 6534 which gives us more confidence in this view. Expect some more weakness to complete wave A of ( B ) before we get a pull back in wave B and another round of weakness to complete wave […]