The question is how many brokerages warned of an impending correction of this magnitude in Nifty which could have led to investors hedging their positions.
We had, in our August 12, 2015 update warned of a possibility of a correction in the Nifty using our proprietary Triple Tend Oscillator, which helped us to see beyond the immediate trend. Integrated Trend Analysis used alongside Elliott Wave has once again proved to be an important tool to navigate the complex market situations.
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| Our Update of August 12, 2015 on Nifty |
Way before any news flow, TTO is able to identify the hidden trends as well as fault lines in the trend momentum. There is a lot more TTO, presently conveys about market and price than visible on the charts.
The need is to exploit the predictive powers of Triple Trend Oscillator for capital protection and wealth creation.
Though, the correction seems to have been competed, Nifty is yet to form a base at lower levels. This will keep the market volatile and further lower levels are not ruled out, before a new uptrend begins.
The following daily chart of Nifty indicates, the all the three TOs still in bearish territory and will take some time to repair the damage caused by the global meltdown. The first sign of recovery will be indicated by the short and medium TOs moving above the long TO, which may be a few weeks away.
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| Nifty Daily |
