SENSEX.....14700.
Analysis for SENSEX....
Market is in 5th Intermediate of 5th primary wave.
So far, market has completed Intermediate wave 4 and it has entered in to last intermediate wave 5.
It will be the last and final up wave{if we do not see any extension to it and has less chances for extension here as w3 was extended} and once it gets completed, market will come down in three corrective waves.
Once market completes this fifth intermediate wave which is for 5th Primary wave, at that time market is completing the larger degree five wave set of Cycle wave 1 also.
So this time a significant fall is expected, because market has to correct Cycle wave 1 which started from 2001 and is getting completed now.
To recap:
Cycle wave 1 is getting completed now; it had started from October 2001 from a level of 2750 or so ….
This cycle wave 1 has five Primary waves and market is in the final, fifth primary wave.
Each Primary wave has five Intermediate waves, and fifth Intermediate wave of fifth Primary wave is getting complete.
This correction would unfold Cycle Wave 2.
Cycle waves run from many quarters to few years.
And wave 2 corrects wave 1 anywhere from 38 % to 62%.
So it is the time to reduce holding, booking profits and getting rid of those entire dud stocks which do not find its name in India’s first 150 companies.
Market is in 5th Intermediate of 5th primary wave.
So far, market has completed Intermediate wave 4 and it has entered in to last intermediate wave 5.
It will be the last and final up wave{if we do not see any extension to it and has less chances for extension here as w3 was extended} and once it gets completed, market will come down in three corrective waves.
Once market completes this fifth intermediate wave which is for 5th Primary wave, at that time market is completing the larger degree five wave set of Cycle wave 1 also.
So this time a significant fall is expected, because market has to correct Cycle wave 1 which started from 2001 and is getting completed now.
To recap:
Cycle wave 1 is getting completed now; it had started from October 2001 from a level of 2750 or so ….
This cycle wave 1 has five Primary waves and market is in the final, fifth primary wave.
Each Primary wave has five Intermediate waves, and fifth Intermediate wave of fifth Primary wave is getting complete.
This correction would unfold Cycle Wave 2.
Cycle waves run from many quarters to few years.
And wave 2 corrects wave 1 anywhere from 38 % to 62%.
So it is the time to reduce holding, booking profits and getting rid of those entire dud stocks which do not find its name in India’s first 150 companies.
posted by kalpana at 10:10 AM
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