Nifty Cycle 2010-2012

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 05/11/2010 6338.50(HIGH) 

360 Degrees Level 20/12/2011 4531.15(LOW) 

PRICE DIFF. : 6338.5 – 4531.15 = 1807.35 

DAYS DIFF . : 410 DAYS. 

FALL = 360 DEGREES. 

1 DEGREE = 1807.35/360 = 5.02 POINTS APPROX. 

TIME UNIT = 410/360 = 1.14 DAYS(APPROX) 

PRICE UNITS : TIME UNITS(DATES) 

0 DEGREE = 6338.50 (05/11/2010) 

45 DEGREE = 6112.60 (26/12/2010) 

90 DEGREE = 5886.70  (15/02/2011) 

135 DEGREE = 5660.80 (07/04/2011)

180 DEGREE = 5434.90 (28/05/2011) 

225 DEGREE = 5209.00 (18/07/2011) 

270 DEGREE = 4983.10 (07/09/2011) 

315 DEGREE = 4757.20 (28/10/2011) 

360 DEGREE = 4531.15 (20/12/2011) 

I have marked the same on chart

Observations : 

1) As per the cycle on Nifty the price on 09/02/2012 was 4757.20 actual price is 5412.3.The price had moved ahead of time hence corrected.

2) On 31/03/2012 price as per cycle is 4983.10 but price was again ahead of time at 5295.55,hence corrected.

3) On 21/05/2012 price as per cycle is 5209.00 but price was below it at 4906.05.So to balance price and time price has to move up. Today on 28.05.2012 we are at 4983.65  so one can fairly conclude we are moving towards fair value as per cycle.

4) Above calculations are done assuming we have made an important bottom at 4531.15 on 20.12.2012 and price will continue upwards.This cycle may change if nifty break  4531.15 .