Nifty Rally Topped on Friday March 4th?

Posted: March 8th, 2011 under Predictions, Stocks.
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By request here is a chart for S&P CNX Nifty 50 (^NSEI), with a spiral calendar grid drawn backward from Friday’s high on March 4th. There are good spiral calendar alignments at F1, F4, F6, F8, indicating that date was likely the top of a three-wave corrective rally from the February 11th, 2011 low.
I recommend clicking on the chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

S&P CNX Nifty (^NSEI)

Spiral Calendar Turn Dates Chart For S&P CNX Nifty (^NSEI) for March 7th 2011

Spiral Calendar Turn Dates Chart For S&P CNX Nifty (^NSEI) for March 7th 2011 – click to enlarge

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2 Comments »

  1. Thanks for publishing your analysis for Nifty. Could you also publish with the grid forward, i want to know future turning dates.

    Thank you
    Anil

    Comment by Anil C — March 9, 2011 @ 5:39 am

  2. The chart does include spiral clusters for the next 10 trading days at the right edge – there is one cluster somewhere in the middle of next week. Drawing forward charts is a problem since there are many possible origins at various highs and lows and so far I am only able to draw two such series on the same chart. That is where the spiral cluster analysis is better showing small vertical red and green bars above and below certain dates with a number. These show the number of spirals that align on that date, but for clarity, I only plot days with 3 or more spiral alignments with prior highs/lows.

    Dave

    Comment by Admin — March 9, 2011 @ 9:56 am

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