Monday 12 May 2014

NeoWave Analysis of Nifty cash  Daily wave chart     Date : 12th May, 2014



Observations: 

1. The expected “Irregular Flat” is the 3rd corrective pattern of “Triple Combination”. (See weekly 
analysis dated 10th May 2014) 

2. The wave A has taken 8 time units and B has consumed 18 time units. 

3. The wave B is 117.40% of A in size and 225% in time. 

4. The wave B is normal Zigzag. 

Conclusion: 

1. The up move of 9th May 2014 may be part of wave 1 of Terminal Impulse which will be wave c 
of Irregular Flat that may conclude in the area of 6900-6910. The anticipated Terminal Impulse 
may consume 10-13 time units, that is, it may complete on or before 19th May 2014. 

2. The completion of Terminal Impulse will also complete the Irregular Flat and Triple Combination 
(shown in weekly analysis dated 10th May 2014) and if so, then index may open for downside 
move which may fall till minimum of 6420 before end of May 2014. 

3. In case, if 6910 is crossed then the expected down move will get negated and the expected pattern 
will become invalid. The important levels to watch for next 3-4 days are 6910 and 6635. 

Nitin sir.

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