WAVES.IND – SENSEX down 8% from top
WAVES.IND.180609
Last time (WAVES.IND.160609) we said that,
“Markets don’t always rise and pause, they also fall in cyclical precision.”
It seems that the latter is the case here. After completing the 13 week period of rise, SENSEX shows more signs of negativity. Both Preferred and Alternate scenarios suggest further retracement and time cycles point lower till mid July. NIFTY and CNXIT completed the impulse up and now we expect further downmove in their cases also.
The current report also carries ANTICIPATED AND HAPPENED cases on CNXIT and BSE REALTY and time cycles updates on BSEBANK and OIL.
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ORPHEUS INDIA RESEARCH
WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.
COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK