NIFTY CYCLE

Concept is as follows:

The cycle is assumed here is price and time between an important low and high equals one rotation full circle ie 360 degrees.




Cycle : Zero Degrees Level 27/10/2008 2252.75(LOW)

360 Degrees Level 05/11/2010 6338.50(HIGH)

PRICE DIFF. : 6338.5 - 2252.75 = 4085.75

DAYS DIFF . : 739 DAYS.

RISE = 360 DEGREES.

1 DEGREE = 4085.75/360 = 11.35 APPROX.

TIME UNIT = 739/360 = 2.05 DAYS(APPROX)

PRICE UNITS : TIME UNITS(DATES)

0 DEGREE = 2252.75 0(27/10/2008)

45 DEGREE = 2763.50 92(27/01/2009)

90 DEGREE = 3274.25 184.5  (29/04/2009)

135 DEGREE = 3785.00 277(31/07/2009)

180 DEGREE = 4295.75 369(31/10/2009)

225 DEGREE = 4806.50 461(31/01/2010)

270 DEGREE = 5317.25 554(04/05/2010)

315 DEGREE = 5828.00 646(04/08/2010)

360 DEGREE = 6338.50 739(05/11/2010)

I have marked the same on chart with elliptical boundaries of the price structure formed.

Observations :

1) It is fascinating to watch price was within the quadrants of degrees for the further respective price and time quadrants.

2) Watch 90 degree line the price went below the price of 90 degree twice on 10/02/2011,22/02/2011 and watch it took support on 18/03/2011 as time had not come for price to fall below 90 degrees.Thats beauty of GANN.

3) Also watch the third attempt of price to cross the 90 degree line 23/05/2011 was restricted there as price was earlier than time.(watch symmetrical of earlier rise).

This proves time is important than price and price will meet time as per cycle.(time and price square.).

4) So we have our work cut -out here for price and time now.Watch fridays close price has entered a new quadrant but is supported by 45 degree.If price bounces from here to earlier quadrant we have a recovery of some degree as discussed earlier.But if price continues to remain this quadrant for few days then fall is imminent.