Monday 7 December 2015

NIFTY - Are we entering matured stages of correction - Wave Counts ?





  • The Indian Major Indices in a Complex Wave (4) correction in the form of W-X-Y-X-Z
  • NIFTY has been correcting from last 8 months (April 2015) a first lower top formed
  • Are we in the mature final stages of correction?
  • Lowest Volume today in NIFTY in 2015
  • Fading volumes near lower levels indicating lack of momentum towards prevailing trend


Timing becomes crucial for trading or investing

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 - Elaire Fragin


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Raju V Angadi Vishwanath, B.E., MS, CMT
Technical Analyst
rvangadi@googlemail.com
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