In the
history (post launch of trade in NF), we have already witnessed 6 such similar sub
waves.
S No. Duration (days) Start to End pt diff Trend
wrt earlier wave Entering
next sub
1 17 64 Trend reversal Trend Continues
2 28 17 Earlier trend continues Trend Continues
3 132 52 Trend reversal Trend
reversal
4 115 157 Trend reversal Trend Continues
5 136 1954 Trend reversal Trend Continues
6 121 513 Earlier trend continues Trend Continues
7 50 ??? (Possible Trend reversal) ???
This commencing
sub wave is supposed to start from 5th Oct 2012 itself and in my
earlier post, I have mentioned as follows:
Oct overview:
Though the
Sept ends on bullish note, it’s time to get out of ‘longs’ till Fri EOD as this
Sept high in Nifty may hold till mid Nov.
Nothing could
be better than judging the possible trend reversal at 52 week high !!!
The following
statistical data suggests a possible trend reversal from here:
For Fri, 5th
Oct 2012:
Trend: UNIDIRECTIONAL
Wining
chances: Bull (0%) / Bear (100%)
High/Low Diff
: @ +/- 100 points in NF
Open/Close
Diff: @ +/- 60 to 100 points in NF
For Mon, 8th
Oct 2012:
Trend:
UNIDIRECTIONAL
Wining
chances: Bull (40%) / Bear (60%)
High/ Low
Diff: @ +/- 100 points in NF
Open / Close
Diff: @ 60 to 80 points in NF
For Tue, 9th
Oct 2012:
Trend: Confirmation
post noon
Wining
chances: Bull (20%) / Bear (80%)
High/ Low
Diff: @ +/- 100 points in NF
Open / Close
Diff: @ 60 to 100 points in NF