MASTER OF WAVES (MOW) SEASON – 2

Time Cycles is an important Technical Analysis forecasting method that can help Timing the turn on the very day to the minute. This along with Advanced Elliott Wave concepts like Neo wave can be extremely useful for Intraday Traders, Positional or Swing Traders and Investors.

We have enough proof that shows why the methods you are about to learn will change you as a trader to trade consistently. To make bold predictions and to time it well, we combine Hurst’ Time cycles along with the Elliott wave, Neo wave. With this, Ichimoku Cloud can give the exact Entry, Exit strategy.

Here is the opportunity to Learn ONLINE without the need to travel. So use this opportunity to learn the best of the methods available in Technical analysis and how we are forecasting each moves on Nifty, Bank Nifty, Crude and Stocks despite the news or events.

The course is designed to aim at the following aspects of trading:

1. How to Trade Profitably using Futures & Options with consistency and clear targets, stop loss, partial profits methods
2. A game plan to make money consistently using Advanced Technical Analysis
3. Best Trade setups to enter the market using Advanced Elliott wave, Neo wave patterns
4. Intraday trade setup with a complete execution plan
5. Time the trade to the day using Hurst’s Time cycles
6. How to make the most of the position by timing the exit
7. Applying multiple techniques along with Neo wave for high conviction trade setups
8. How to keep the profits intact after a winning streak…

Sensex should cross 19560 levels to maintain upside momentum!

Indian currency movement:

India continues to stand independently in the Global markets with Indian currency the worse performing asset class among Asian peers over past month. Prices of Gold has touched life time highs in terms of INR as the currency hits life time lows i.e. USDINR made life time highs. Indian currency has exhibited one of the strongest trends over past 1 month. The depreciation in INR is not only against USD but also against other major currencies like GBP, JPY, EURO. USDINR touched near 69 levels in August end but currently we have seen some stabilization from there. We can expect this currency pair to consolidate in the range of 63 to 67 atleast for few weeks before the next move will start probably on upside.

Sensex medium term prospects:

Sensex monthly candle helps us to understand the current trend of the market. We can see that over past 3 months prices have been constantly closing below the previous months’ close, let alone close below previous high.

A very simple technique that helps to understand the trend is to see if the current bar close is below the previous bar’s high. As long as this scenario continues the trend can be assumed to be down. Strong trending moves on downside starts with formation of lower highs and lower lows. Currently we have bearish monthly bar in August and prices are failing to close above previous month’s high. The high during August is at 19560 levels. So in the current month as long as this high is not taken out and preferably on closing basis i.e. the month end close should be below 19560 our medium term outlook will be bearish. A monthly close above 19560 will result into either sideways action or an uptrend. However, 20500 is a very strong resistance which is the trendline that connects all important tops since 2008 and so we can expect range bound movement unless 20500 is taken out decisively. So medium term trend for Indian equity is down.

Bank Nifty direction:

Bank Nifty showed serious selloff in August but with onset of September we have seen strong bounce back from 8500 levels. 8200 is very important support of trendline valid since start of 2002.We can expect Bank Nifty to show some continued strength till 10300 as long as 9300 is intact on downside. Bank Nifty should show some consolidation in current week.

Short term direction: Sensex has shown good pullback from 18200 levels. Prices bounced back from the day new governor Rajaram took over from Subbarao. This means that markets have high expectations from the new RBI governor and we have to see if he can live upto the expectations. However from technical perspective 19500 will be a very important resistance and 18500 as important support. Also markets are changing direction after every 3 to 4 days of rise. Let’s see if it continues this week as well.The intraday volatility of markets has increased drastically and average movement has become around 500 points which was merely 250 few months back. During such times it is important to trade cautiously and systematically using objective techniques rather than trading on just gut feeling!