Hello,

Before anything, please note that the charts & analysis presented here may seem difficult, but read analysis one by one compare it with chart and we are sure any one with patience and will to understand will be able to grasp it.

Yes, the last few days have been completely panic driven & erosion of not only wealth but complete confidence in Equity markets.

Now just to help you in these difficult times of ambiguity, we have come with the following analysis. Mind you making money is not easy, we do through research on our part for that, but at same time it will require a lot of patience for you to understand these analyzes, as we are in complex cycle of markets which requires understanding complex things.

So Just keep patience and follow the following analysis. To simplify things, we have posted here analysis by three ways with charts.

1. Weekly Chart Analysis: Here in above chart we have plotted, first long Elliott wave count in weekly chart. In this there is a cycle called five wave of Super Cycle Impulse which seems to be going on. First wave seems to be over and 2nd wave seems to be running. This 1^st wave over & 2nd wave running are in the cycle of 5 wave count. Target of 2nd wave is in between 2700 to 4500. Hold on, it does not mean that 2700 will come, but what we expect is Strong target zone of 2nd wave in 5 wave cycle is in between 4150 to 3600.

2. Now Daily Analysis: In daily chart above 2nd Super Cycle wave has made corrective Double Zigzag as W-X-Y. Not to worry, about these terms, just relate it to Zigzag in real life and then see the chart. Now carrying on, corrective Double Zigzag as W-X-Y is going on and Y is yet to finish. Target of Y is also in between 4150 to 2700. But same here, we don’t expect 2700, but a Strong target zone of Double Zigzag Y seems to be between 4150 to 3600

3. Lastly after Weekly & Daily, Intra Day Analysis. Nifty seems to have made corrective Double Zigzag w-x-y. “W” may be over and “X” seems to be running. So, if market holds 4000 then “X” wave target is in between 4300 to 4550. But, if it breaks 4000 then possibility of double zigzag “Y” making corrective impulse 1-2-3-4-5 seems to be there and if that happens then in that 2^nd count may be over and downward 3^rd of 5 wave would have started giving target between 3800 to 3650. So, in Intra day chart level to watch out for is 4000.

So here, we have presented to you various analysis, what best we can do is share with you our in depth analysis, rest how markets will come, how many more out of the hat cases like Bear Sterns will come or 11$ gain in Crude in 1 single day will come that no one can say. Best we can do is to guide you to the best of our analysis. We hope you have benefited from this.