Nifty 50 - 15th December 2023 | @ 79 Days | + 10.23%
Last trade: + 10.23% | 'B' class signal detected in India's Nifty 50. Running at an average wavelength of 79 days over 14 iterations since December 2020. Currently peaking
ΣL Cycle Summary
Outshining even the remarkable linearity of the rise in US Stock Markets is India’s NIFTY 50 index and the ubiquitous periodic component around 80 days. Rising strongly from the previous trough iteration of this component in late October / early November, price is now peaking. The next anticipated trough, at the current wavelength, is expected mid-late January 2024. Subscribers should note the high-pass filtered price series below and the touch of the upper red line. This shows a price move around 2 standard deviations of the bandpass amplitude envelope and is highly indicative of a reversal.