Category Archives: India

Has India’s NIFTY topped out?

How conveniently the 2-G scam has boiled over just when the NIFTY index has come within a handshake of the 2008 highs! But if you go back in time and look at all major events, you will find that technicals … Continue reading

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Posted in India | 17 Comments

Elliott Wave update on India’s Sensex

Some readers have been asking about outlook on Sensex. I had done this a few days back but forgot to post it. As usual, the main comments appear on the chart itself.

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Posted in India | 1 Comment

Elliott Wave Analysis of India’s Sensex

Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development … Continue reading

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Posted in India | Tagged | 4 Comments

India’s Sensex Update 4 Jan 2010

Two consecutive closes above the prior significant high means we should re-evaluate the wave counts and this has been done on the chart. The main suspect until this time is what I have labelled a 5th wave of the third … Continue reading

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Posted in India | Tagged , , , , | 7 Comments

Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice

Hello, I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the … Continue reading

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Posted in AUD, GBP, India | Tagged , , , , , , | 3 Comments

India’s Sensex: Technical Analysis

No change in the technical outlook forthe Sensex. Wavetimes anticpates a turn in the 16045-16115 window. Continue reading

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Posted in India | Tagged , , | 4 Comments

Sensex outlook

Repeated tests of a support line makes that level important in the big picture. So far, the Indian benchmark Sensex has managed to hold above the support line shown in the chart. However, if we get a break of that, … Continue reading

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Posted in India | Tagged , | 2 Comments

India dreams on while China wakes up

Sure, India now has a stable government in place. But listen up, folks. Are we not getting ahead a bit too soon too far? After all, the news from the weather man has been anything but exciting, with a failed … Continue reading

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Posted in India | Tagged , , , , | 2 Comments