ANALYSIS BASED ON TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY WITH A GAP UP OPENED WITH MOMENTUM HOWEVER FAILED TO SUSTAIN AND FELL MAKING LOWER LOW. YESTERDAY WHAT WE ANTICIPATED WAS OVERTLY OPTIMISTIC..BUT REALISM PREVAILED.THE FIFTH MINUTE WAVE SEEMED TO ME AS TRUNCATED AND THE ENDING DIAGONAL LOOKS COMPLETE...IN THE NEAR TERM, TREND AS OF NOW LOOKS BEARISH...WHICH MUST BE PRIMARILY DUE TO BANK NIFTY OUTLOOK. THE INDEX SEEMS IN A HURRY TO FILL THE GAPS CREATED DURING PREVIOUS SESSIONS...HENCE SHORT TERM VIEW AS PER MY ANALYSIS STILL REMAIN BULLISH....FOR TOMORROW 5 TH MINOR (B) WAVE LIKELY TO GET COMPLETE...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT...
DOW FUTURE ALREADY DOWN STILL GIVING A UPTREND VIEW !!!!