THE WEEK ENDING 25TH JANUARY SAW SPOT NIFTY CLOSING BULLISH FOR THE 2ND WEEK IN A ROW BY CLOSING AROUND 6074 COMPARED TO ITS PREVIOUS WEEK’S CLOSING OF 6064 FOR THE WEEK ENDING 18TH JAN & 6051 FOR THE WEEK ENDING 11TH JAN. SO THE BULLISH CYCLE CONTINUES WITH OPERATORS PULLING DOWN THE MARKETS FOR 3 DAYS IN A WEEK TO SHAKE OUT THE WEAKER HANDS & THIS ACTION OF MARKET MANIPULATORS WILL CONTINUE TO GENERATE A FEELING AMONGST THE RETAIL INVESTORS EVERY TIME THAT PERHAPS THE BULL RUN IS OVER, BUT ONLY TO BE DISAPPOINTED & SURPRISED EVERY TIME AGAIN & AGAIN THAT THE MARKETS KEEP ON MOVING UP & UP ONLY AFTER FLUSHING OUT THE WEAKER HANDS. THERE WILL BE MANY SMALLER & BIGGER CORRECTIONS BUT BE ABSOLUTELY SURE THAT THIS MEGA BULL CYCLE WILL REMAIN INTACT TILL 2016 & ALL LONG TO MEDIUM TERM INVESTORS MUST USE EACH
WEEKLY ANALYSIS FOR WEEK ENDING 25TH JAN
THE WEEK ENDED ON A TRIUMPHANT NOTE WITH NIFTY SPOT CLOSING AT 6064 MUCH ABOVE THE WEEK ENDING 11TH JANUARY CLOSING OF 5951. WELL, THE BULL RUN CONTINUES & WILL CONTINUE TOWARDS MUCH HIGHER LEVELS. PRESENTLY NIFTY IS IN THE INITIAL STAGES OF THE MEGA 3RD UP WAVE & IS JUST HALF WAY THROUGH THE ON GOING BULL CYCLE. NOTORIOUS ACTS OF INTERESTED PARTIES TO BRING OLD HARASSING NEWS TO INDUCE NEGATIVE SENTIMENT WILL ONLY ACT AS THE BOOSTER DOSE BECAUSE THE MARKETS AFTER THE PAUSE WILL MOVE UP MORE VIGOROUSLY AS BEING SEEN FOR MANY DAYS. THE RESULTS OF MOST OF THE COMPANIES WILL BE GOOD THAT WILL PROPEL THE MARKETS TOWARDS MUCH HIGHER LEVELS ENCOURAGING MEDIUM TO LONG TERM INVESTORS TO BUY THE
WEEKLY ANALYSIS FOR WEEK ENDING 11 JAN
AS WAS PREDICTED EARLIER, NIFTY SPOT BROKE OUT OF THE 4TH SUB WAVE FLAT WHICH WAS FORMED DURING THE ENTIRE MONTH OF DECEMBER WITH THE DECEMBER MONTH HIGH OF 5965 ON 11TH DECEMBER & LOW OF 5823 ON 18TH DECEMBER. THE BREAKOUT OF THE UPPER CHANNEL OF THIS FLAT CAN EASILY TAKE NIFTY SPOT TOWARDS 6100 OR HIGHER LEVELS AS CAN BE SEEN IN THE TWO HOURLY CHART OF SPOT NIFTY ABOVE.
AS HAS BEEN EXPLAINED IN THE ELLIOTT WAVE BELOW THE COMPLETION OF THE 4TH SUB SUB WAVE FLAT AROUND THE 18TH DECEMBER 2012 LOW OF 5823 AND ITS SUBSEQUENT UP MOVE AS THE 5TH SUB SUB WAVE OF THE MONSTER 3RD SUB WAVE OF THE 3RD MAJOR UP WAVE SHOULD TAKE NIFTY SPOT TOWARDS THE NEW LIFE TIME HIGHS. GENERALLY THE 5TH WAVE MOVES SIMILAR LIN SIZE AS THE 1ST WAVE. THE 1ST SUB SUB WAVE OF THE PRESENT MONSTER 3RD UP SUB WAVE HAD STARTED FROM 4TH JUNE LOW OF 4770 & HAD MOVED UP TILL 10TH JULY HIGH OF 5348,
AS HAS BEEN EXPLAINED IN THE ELLIOTT WAVE BELOW THE COMPLETION OF THE 4TH SUB SUB WAVE FLAT AROUND THE 18TH DECEMBER 2012 LOW OF 5823 AND ITS SUBSEQUENT UP MOVE AS THE 5TH SUB SUB WAVE OF THE MONSTER 3RD SUB WAVE OF THE 3RD MAJOR UP WAVE SHOULD TAKE NIFTY SPOT TOWARDS THE NEW LIFE TIME HIGHS. GENERALLY THE 5TH WAVE MOVES SIMILAR LIN SIZE AS THE 1ST WAVE. THE 1ST SUB SUB WAVE OF THE PRESENT MONSTER 3RD UP SUB WAVE HAD STARTED FROM 4TH JUNE LOW OF 4770 & HAD MOVED UP TILL 10TH JULY HIGH OF 5348,
MARKETS FOR 03 JAN 2013
NIFTY SPOT BREACHED 11 DECEMBER 2012 HIGH OF 6065 TO MAKE A NEW HIGH OF 6006 & CLOSED AT 5993 MUCH HIGHER THAN THE 11TH DECEMBER INTRADAY HIGH OF 5965 SPOT. THIS IS A MEGA BULLISH SIGNAL. CLOSE YOUR EYES AND BUY AND HOLD. JUST LOOK FOR AN INTRADAY DECLINE OF ABOUT 20 TO 25 POINTS FROM THE INTRADAY SWING HIGHS OF THE DAY AND BOLDLY BUY FOR GOOD GAINS.
IN NEXT FEW DAYS SPOT NIFTY MAY MOVE UP TO TEST THE NEXT RESISTANCE OF 6181 REACHED ON 4TH JANUARY 2011. ON SUSTAINING ABOVE THIS CRITICAL LEVEL OF 6181 & AFTER A PAUSE THEREAFTER, ONE CAN HOPE FOR 5TH NOV 2010 HIGH OF 6338 FOLLOWED BY ALL TIME HIGH OF 6357 SPOT BY THE BUDGET 2013. SO, MAKE FULL USE OF INTRADAY DECLINES TO BUY AND ONLY BUY.
IN NEXT FEW DAYS SPOT NIFTY MAY MOVE UP TO TEST THE NEXT RESISTANCE OF 6181 REACHED ON 4TH JANUARY 2011. ON SUSTAINING ABOVE THIS CRITICAL LEVEL OF 6181 & AFTER A PAUSE THEREAFTER, ONE CAN HOPE FOR 5TH NOV 2010 HIGH OF 6338 FOLLOWED BY ALL TIME HIGH OF 6357 SPOT BY THE BUDGET 2013. SO, MAKE FULL USE OF INTRADAY DECLINES TO BUY AND ONLY BUY.
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