Monday 4 August 2014

NeoWave Analysis of Nifty cash Daily,Weekly,Monthly 04-08-2014

NeoWave Analysis of Nifty cash  Daily wave chart Date : 2nd August, 2014

Conclusions:

1. At the end of wave (G), a Diametric may have completed. (Kindly see weekly analysis dated 02/08/2014 for Diametric)

2. The internal pattern of wave (G) seems to be “Non-Limiting Contracting Triangle”

3. The wave (a) of the above mentioned Contracting Triangle is the largest wave among waves (a), (c) and (e). The fall after completion of pattern has already equaled the wave (a) in size (measured and shown by red rectangles on chart).

4. Since the latest pattern that completed in Nifty cash seems to be a Non-Limiting Contracting Triangle, the index is expected to rise till time zone of apex point (that is, index may give pull back till 05/08/2014 time wise). The expected rise price wise is till 7640-7665 area and in no case should cross above 7735.

5. If the above behaviour (point 4) is followed by Nifty cash then it may fall till minimum of 7400 or more with high speed, starting from 05/08/2014. In case, if 7735 is crossed on upper side, then the expected fall will get negated.

NeoWave Analysis of Nifty cash Monthly wave chart Date : 2nd August, 2014

Conclusions:

1. The Nifty cash seems to be unfolding an Expanding Triangle from the end of wave circled C.

2. Currently, the wave circled e of expected Expanding Triangle may be in progress. The wave circled e seems to be unfolding as a Diametric pattern.

3. The wave (E) of expected Diametric may be near its end or may have already completed as Contracting Triangle.

4. If the above pattern anticipation is correct then the breach below 7420 during August 2014 will confirm the completion of wave (E) and start of wave (F).

5. The breach below 7420 during August 2014 may push Nifty cash till minimum of 7150 and maximum 6850 before end of September 2014.

6. In case, if 7841 is crossed on upper side during August 2014, then the expected fall will get negated.

NeoWave Analysis of Nifty cash Weekly wave chart Date : 2nd August, 2014

Conclusions:

1. A Diametric is anticipated from the end of wave circled d, currently wave (E) of anticipated Diametric may be near its end or may have already concluded. The breach below 7420 on or before 14th August will confirm the end of wave (E) and start of (F).

2. The breach below 7420 on or before 14th August may push Nifty cash towards minimum of 7105 and maximum of 6870 before end of September 2014.

3. In case of breach above 7800, the expected fall will get negated.


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