Hahaha. My cycle theory is failing. Where Nifty is trading now, its unlikely to make steep corrections.
My MC analysis was based long term charts so if I have made any error in my calculations (which at the moment looks like a major error) then the outcome/price target could get moved by a year or two
. So, we could be looking at 2020/2021 who knows when for a 50% drop.
These days Ive stopped being bothered about what will happen after 3 days let alone think about what happens in a year. But for the sake of entertainment, I will set new targets for 2020-21 and so on and so forth
PS: Interestingly, Jan 2018, Cycles did catch the correction in both midcaps and small cap Indices. It predicted a 50% fall but correction stopped short at close to 30% & 40% respectively. Its worked well on a few stocks as well but on Nifty it has been a disaster with Nifty just climbing up. The only hope was the 15% downmove we got from 11750 to 10,000. May this was the correction it predicted and I got the depth of it all wrong. I dont know. Its still work in progress.
