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 […]

Wave ( A ) high appears to be in place, break of 6534 will add more confidence to this view and will open up 6350 – 6365 area as support for completion of wave ( B ). Exact structure of the drop remains to be seen

Nikkei futures decline from 14990 initially looked corrective but given the amount of extension in 3rd swing, we like the idea of an incomplete impulse. Expect a test of 13313 to complete wave 3 before we get a wave 4 pull back and a new low to complete a 5 wave drop from 14990 i.e […]