BANK NIFTY FUTURE

IN CONTINUATION TO MY POST OF 2 DAYS AGO ...... I AM TAKING A HOLISTIC VIEW ON THE INDIAN MARKETS FROM A MEDIUM TERM APPRXX 6 MONTHS POINT OF VIEW
1. IN AS MUCH AS I HAVE MARKED THE 5 WAVE UP FROM 20431........ IT IS TO BE REMEMBERED THAT THIS 5 WAVE COUNT IS A VERY VERY SHORT TERM TREND.... AND HENCE TO GO 1 STEP FORWARD , I CONSIDER IT APPROPRIATE TO CONSIDER THE VERY VERY SHORT TERM TREND 5 MOVE UP AS ''''1 OF 5 IN THE LARGER DEGREE UPMOVE''''', WHICH MEANS THAT INSPITE OF CORRECTIONS AND WHIPSAWS WHICH WILL TAKE PLACE PERIODICALLY,,,,,, TECHNICALLY WE ARE IN A '''' BULL RUN '''''
2. THE US ELECTIONS..... HISTORY HAS PROVEN THAT A NEW FACE CREATES VOLATILITY FOR A FEW DAYS / WEEKS..... BUT STOCKS/ MARKETS HAVE ALWAYS PUSHED HIGHER
3. ON A MONTHLY BASIS, WHICH BASICALLY IS A GAUGE OF THE MEDIUM/LONG TERM VIEW...... NONE OF THE INDICES, BE IT IT/PHARMA/METALS/FINANCIALS ETC R IN A MELTDOWN STAGE, ATLEAST NOT YET. CONSIDERING THAT WE R IN A LARGER DEGREE WAVE 1 OF 5, THE EUPHORIA IS YET TO BE CREATED, CONSIDERING THAT THE SWEETEST WAVE 3 IS YET TO COME. BROADER MARKET IS YET TO TAKE OFF. JUST 15-20 LARGE CAPS CANNOT BE THE GAUGE OF THE MARKET, AND HENCE I THINK IT IS TIME THAT THE SMALL/MIDCAPS WILL START TO PERFORM.
4. FROM A 6 MONTHS TO 1 YEAR PERSPECTIVE, IT IS PRUDENT TO BE INVESTED IN CASH AND RIDE THE WAVES AS THEY UNFOLD
LASTLY, DO NOT BE AFRAID TO GO LONG EVEN AT THIS STAGE OF THE MARKET. WE COULD BE LOOKING AT 12500-700 ANYTIME SOON AND FROM A LARGER PERSPECTIVE, WE WOULD STEADILY MOVE TOWARDS 14000 ON THE NIFTY.
GOOD LUCK TO YOU ALL AND STAY INVESTED