Nifty 50 - 8th November 2023 | @ 76 Days | + 0.15%
Last trade: + 0.15% | 'B' class signal detected in India's Nifty 50. Running at an average wavelength of 76 days over 14 iterations since December 2020. Currently troughing
ΣL Cycle Summary
Here we have the 80 day wave in India’s main equity measure. Somewhat delayed in phase against the more accurate US Stockmarket Composite, which we reported on recently, the wave is fairly coherent across the sample. Riding within what is likely the 40 week nominal wave, shown below, this component is due to peak early - mid December.
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - NIFTY 50 4th October 2023
Entry: 4th October 2023 @ 19436.09
Exit: 8th November 2023 @ 19406.69
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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