SENSEX'S Super cycle:
Indian stock market major bull wave: On 21/09/01 from 2594.87 to 21206.77 on 10/01/08 in 5 major waves.
Super cycle major A B C correction started: on 10/01/08 from 21206.77 to 7697.39 on 27/10/08 is completion of wave A..

Corrective up move started: on 27/10/08 from 7697.39 to 21108.64 on 05/11/10 is completion of wave B. (As per technical theory wave B is equal or lower than where major bull wave ended i.e....21108.64 against 21206.77. The entire wave from 7697.39 to 21108.64 was corrective wave because only half of the heavy weight stocks were able to make new highs where half were considerably lower of their highs of JAN 2008.)

Now C wave started from on 05/11/10 from 21108.64 as till now many intermediate supports have broken. Now as per technical theory C wave value should be equal to wave A value or bit lower than that & the exact value comes @ 6955 as per entire calculations...so it is quiet clear where the SENSEX is heading now. Moreover the nature of B wave & C wave is always identical so as the B wave came in one single phase & not given any corrective fall in between so in this C wave also it will come in one single phase & don't expect any major corrective up move.

A Big movement is still due in markets. With commodities falling, more pressure will be witnessed in markets. No one told you to short at 6150 except us, our last target of 5460 has already hit.

Also don't forget to check Indian market view column under Current Theory/Hypothesis section for detailed explanation. You can also check past newsletters in Archives section.

As told on Friday, Friday's closing was very important for markets and Nifty fell and hit our target on Friday itself.

Also U.S jobs report was an important deciding factor for the direction of global markets.

Cover all shorts once if Nifty closes above 5580.Also if Nifty closes below 5460 today, Nifty will hit 5350,5300 very soon.

DID ANYONE TELL YOU TO SHORT AFTER FED'S DECISION,LOOK DOWN AND SEE FOR YOURSELF,WHAT WE WROTE ?

ALSO IN COMING FALL IN MARKETS, DO REMEMBER TO BUY SUGAR STOCKS[BAJAJHIND AND RENUKA SUGAR] FOR UPSIDE OF 50% TO 200% IN NEXT 3 MONTHS.2 INDEX STOCKS WILL GO UP BY 20-30% IN NEXT 3 MONTHS AND 1 MIDCAP WILL SHOOT 60-80% BREAKING ALL TIME HIGH'S.

MCX CRUDE OIL PRICES WILL MOVE 20$ ON ONE SIDE IN NEXT 2 -3 MONTHS,TO KNOW WHERE ,JOIN US.[CRUDE WENT FROM 80$ TO 91$ IN JUST 1 MONTH].

NOW MCX CRUDE CAN GO BACK TO NEAR 84$,82$.OUR CLIENTS WENT SHORTED AT 91$.[85$ HITS]