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Indian Election – Do they change
Market Trends or Otherwise ?
Nooresh Merani
CEO – Analyse India
www.nooreshtech.co.in
www.analyseindia.com
www.nooreshtech.co.in
Indian Elections
• The period of consideration in the case we have taken is 1-3
months before the election result.
• Major markets considered are Dow Jones,Dax, FTSE, Hang
Seng,Nikkei,Taiwan and some more.
• What was the peak to pit drop in various markets in the
period before elections?
• What was the trend post elections.
www.nooreshtech.co.in
Indian Elections – 2004.
Black Monday – 17th May
2004
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Nifty –17th May 2004 BJP loses Election
Down 32% in
April-May
Down 12% on 17th
May 2004. Up 8% on
18th May .Also a
bottom for long
term.
Down 24%
from peak as
per closing of
18th May.
www.nooreshtech.co.in
U S Markets – 17th May
2004
www.nooreshtech.co.in
Dow Jones in April-May 2004
Down 6.8%
in April-May
Down 1% on
17th May 2004.
Also a bottom
for short term.
Bottom made
in 1-2% of
the bottom
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European Markets – 17th
May 2004
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CAC – Bottom on 17th May 2004
Down 8.1%
in April-May
Down 1.2% on
17th May 2004.
Also a bottom
for short term.
Bottom made
in 1-2% of
the bottom
www.nooreshtech.co.in
DAX – Bottom on 17th May 2004
Down 10.7 %
in April-May
Down 1% on
17th May 2004.
Also a bottom
for short term.
Bottom made
in 1-2% of
the bottom
www.nooreshtech.co.in
FTSE – Bottom on 17th May 2004
Down 5 % in
April-May
Down 1.2% on
17th May 2004.
Also a bottom
for short term.
Similar
bottoms of
past few
months
www.nooreshtech.co.in
Asian Markets
17th May 2004
www.nooreshtech.co.in
Hang Seng – on 17th May 2004
Down 17 %
in April-May
Down 2.7% on
17th May 2004. A
bottom not seen
again till 2008
Down 22 %
from peak.
Most co-related
index to
Nifty/Sensex
www.nooreshtech.co.in
Nikkei – 17th May 2004
Down 14 %
in April-May
Down 3% on 17th
May 2004. A
major bottom
made.
Similar
bottoms of
past few
months
www.nooreshtech.co.in
Taiwan – 17th May 2004
Down 24% in
April-May
Down 5 % on
17th May 2004.
major bottom
near it
co-related index to
Nifty/Sensex
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Emerging Markets & more
17th May 2004
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Brazil – on 17th May 2004
Down 24 %
in April-May
A long term
bottom made on
17th May 2004
Down 28 %
from peak.
Remember BRIC ?
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Russia – May 2004
Down 20 %
in April-May
Remember BRIC ?
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Argentina – May 2004
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KLSE – May 2004
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Indian Election 2009
Upper Circuit Day - 18th May
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Nifty – Upper circuit day
Down 65 %
from peaks of
2007-2008
Up 45% pre-
election
Circuit barrier on
18th May 2009.
Up 73% by next
day
www.nooreshtech.co.in
Hang Seng – 2009
Down 66%
from peaks
Of 2007
Up 56 %
before Indian
Elections
Up 68% by August
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
Taiwan – 2009
Down 60 %
from peaks
Of 2007
Up 61%
before Indian
Elections
Up 75 % by Sept
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
Nikkei – 2009
Down 55%
from peaks
Of 2007
Up 39%
before Indian
Elections
Up 52% by end of
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
Dow Jones – 2009
Down 54%
from peaks
Of 2007
Up 32 %
before Indian
Elections
Up 53% by end of
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
CAC – 2009
Down 60%
from peaks
Of 2007
Up 36%
before Indian
Elections
Up 58% by end of
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
Dax – 2009
Down 55%
from peaks
Of 2007
Up 39%
before Indian
Elections
Up 64% by end of
2009.
Reducing
underperformance
with Nifty
www.nooreshtech.co.in
Indian Election 2014
Global Trends
www.nooreshtech.co.in
Hang Seng – 2014
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Taiwan – 2014
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Nikkei – 2014
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Dow Jones – 2014
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FTSE – 2014
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CAC - 2014
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DAX – 2014
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Conclusions
• US markets continues in a strong long term uptrend
with intermittent corrections. It is actually a start of
multi-year structural bull market.
• European Markets are close to turning around into
long term uptrends. DAX is already in a structural
bull market.
• Asian Markets on verge of a structural bull market
which can start from any time between mid of 2014
to end of 2014.
www.nooreshtech.co.in
Nifty – Trend in 2014
Nifty in new highs
and RSI also
breaking out.
www.nooreshtech.co.in
Nifty - Can it breakout ?
Nifty can see a
jump to 7000-
7200 on a
breakout above
6600 with pre-
election polls etc
www.nooreshtech.co.in
Asian Markets Co-Relation
• Hang Seng is down 8-10% from recent peaks. Nifty
is up 3% from recent peaks.
• A new structural bull market may need all Asian
indices to scale up into breakouts.
• After a multi-year breakout we may not get into a
long term bull market without a retest.
• Nifty may possibly test a zone of 7000-7200 in pre-
election rally but that could be a time to book out
given the volatility with Election Results.
www.nooreshtech.co.in
Nifty – Election Possibilities
-> In case of a breakout without global support pre-
election to 7000-7200 is a good zone to book
profits.
-> The recent lows at 5900 become an important
support levels for any further corrections. Dips to
5900-6200 become a buy.
-> Essentially with a not so supportive asian and
global markets we need to be cautious and focus on
midcaps as they tend to outperform irrespective of
outcome of elections ( See the next slide)
www.nooreshtech.co.in
CNX MIDCAP AND NIFTY
CNX Midcap was
up 42% pre-
election.
Underperformed
Nifty which was up
46%
CNX Midcap 111%
rise against 46%
of Nifty ( 4323 to
6300 )
Up 24% post
election
www.nooreshtech.co.in
Post Election Opportunities
In 2004/2009
www.nooreshtech.co.in
Nifty 2004 – Retraces 50% of the move
to give entry
Nifty gives an
Entry point to both
post the event
jump/dump
The dip post
election becomes
a bottom for a
very long time to
come.
www.nooreshtech.co.in
Nifty 2009 – Gives an opportunity retraces 60%
of the move.
Nifty gives an
entry point.
Retraces 60% of
the post election
move.
The dip post
election becomes a
bottom for a very
long time to come.
We have
Still not seen 4000
Nifty
www.nooreshtech.co.in
Conclusion
• Strategy should be to get out at a pre-election rally if it comes.
• The best opportunity comes when the euphoria or the pessimism dies
down over the next 3 months.
• The bottom made in that period could be an important bottom for very
long period of time.
• The trends are set post elections for a meaningful rally whether the
government performs or does not.
• Also we find no co-relation to the Election results but more so with the
global market trends. .
• As of now the global trends are not conducive like 2009 so better be
cautious at levels of 7000 or higher.
www.nooreshtech.co.in
Sector Leadership- Last 5
years
www.nooreshtech.co.in
Sectoral View.
• One of the classical beliefs of Technical Analysis is to follow the trend
and leaders.
• So any sector which crosses 3/5/10/20 year high is the first signal of
leadership.
• Buying low is not the best option for supernormal returns.
• Buying new highs is the way to go.
• Lets look at the leaders ( FMCG/Healthcare) of 5 years and we notice
similar characteristics. Although signals came at different times.
www.nooreshtech.co.in
BSE Healthcare – End 2010
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BSE FMCG – Middle of 2009
Middle of 2009. HUL
broke 12 yr highs
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Sector Leadership- Probable
for Next 5 years?
www.nooreshtech.co.in
BSE IT – Has already lead the index recently but a 15
year high cross implies more to come
www.nooreshtech.co.in
BSE OIL and GAS – If can breakout 9500
will be a 3-5 year high
www.nooreshtech.co.in
Bse Capital Goods – Close to breaking
out above 3 year highs.
www.nooreshtech.co.in
Midcap/Smallcaps Confirm
Worst is Over and a Start
of a Bull Market.
www.nooreshtech.co.in
BSE Midcap Index – Crossing new highs
post double Bottom
www.nooreshtech.co.in
BSE Smallcap – The worst is over and
a bull market has started already
www.nooreshtech.co.in
The Chart which will
confirm a Structural Bull
Market
www.nooreshtech.co.in
BSE DOLLEX – Yet to cross 3 year highs.
Still 6-7% away
www.nooreshtech.co.in
Dow Jones and Sensex
Long Term Technical
Targets at 32k/77k
www.nooreshtech.co.in
Sensex – Its never been Better for equities in Last
10 -20-30 years.
• Although we see a lot of buzz about new highs on Sensex. This is after 6 years. Returns of 6 years 0%. A
10 yr return is 14.8% ( this had a period of 2004-2007 bull market). A 20 year return is a just 9% ( this
does not beat the fixed deposit return).
• So how long should long term be ? In an asset which has a drawdown risk of 60% ( Remember 2008
crash )
• We hear a lot of jazz about 15-19% CAGR on Sensex by every financial expert who suggests buy and hold
for long term. This data is not reliable because of the big run in 1980s. ( It went up 40 times in 1979-
1992). We wont get a period ever in decades to come? Also how many mutual funds were present in
1980s ? How many companies closed shop for every Infosys/Wipro/Dr Reddys.
• So essentially CAGR growth in equities has been terrible over last 20 years. Its been pathetic over the
last 6 years. The conclusion in this case is the adage – Time in the market is more important than timing
the market is being tested for investors. Also the 15-19% CAGR of Sensex is unreliable.
• Statistically we believe the best times for investors are when 5-10-20 year CAGR returns do not beat
fixed returns and vice versa.
• We believe sentimentally ( No IPOs, No NFOs only Real Estate advts) ,statistically ( terrible 20 yr CAGR,
50% down small cap index), technically ( disbelief, wall of worries ) the current 3-6 months window is
essentially the best period for a big lumpy return over the next 1-4 years.
• As a movie dialog says – Abhi to Picture Baki hai Mere Dost !!!
www.nooreshtech.co.in
DOW JONES !!
 Pole-: 1932 1966 ( 34
yrs)
 Channel : 1942-1966 (
24 yrs 10.8 times)
 Flag: 1966-1983 ( 17
yrs of no growth)
 First Phase: 1984-
1987 ( 2 times in 3
yrs)
 New High: in 22 mths
 Top : in 17 years
SENSEX
• Pole-: 1979-1992 ( 13
yrs)
• Channel : 1988-1992 ( 4
yrs 10 times)
• Flag: 1992-2005( 13 yrs
of no growth)
• First Phase: 2005-2008(
3 times in 3 yrs)
• NEW HIGH : Same high
in 24 months .
• 3 years of sideways
move.
• TOP : ( Ideally by 2018
Minimum 27k-32k or 77k.)
www.nooreshtech.co.in
A terminal breakdown
below the trendline
before the big rally
A terminal breakdown
below the trendline
before the big rally
A long parallel channel
A long parallel channel
Almost Double Bottom
close to trendline
www.nooreshtech.co.in
Sensex at an Inflection point
• On the long term charts Sensex/Nifty crossing into new highs coupled
with broader markets in a strong uptrend after a long time.
• Global Markets on an inflection point for multi year breakouts is an
indication there might be a lag for a breakout but its not far.
• Dow Jones went up 10-11 times in the 1980s. Will Sensex go up 10-11
times from the 2005-2018 period and go towards 32k/77k in the
future.
• By the way if we do reach our target of 77k by 2018 it would still be
only 14% CAGR from 2008 !!
www.nooreshtech.co.in
Conclusions
• Ride the pre-election rally till 7000-7200. Get cautious in the zone around it.
• Bigger opportunities are created in the next 3 months of elections.
• Global markets at an inflection point and can signal a structural bull market by end of 2014.
• Midcaps and Smallcaps have started a bull market and indicating every dips a buy for long
term investors.
• Oil and Gas, Capital Goods and IT would be the sectors which could create big winners.
• Watch for Dollex 30/Hang Seng/Taiwan markets to give signals for a structural bull market
start.
• Nifty may be in new highs but the first high does not start a bull market but a retracement is
the best opportunity.
• Get ready for one of the best periods for equities in many decades. Buy in 2014 to sell in
2018 directly.
www.nooreshtech.co.in
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For More Details check --- www.analyseindia.com or mail us on
analyseindia@analyseindia.com
www.nooreshtech.co.in
Team Analyse India
Nooresh Merani
CEO - Analyse India
Cell: +91-9819225396
e-mail: nooreshtech@analyseindia.com
N S Fidai
Managing Director - Analyse India
Cell: +91-9920120878
e-mail: nsfidai@analyseindia.com
Ankit Chaudhary
Technical Analyst and Derivative Strategist - Analyse India
Cell: +91-9899899989
e-mail: ankit@analyseindia.com
www.nooreshtech.co.in
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As investment & trading consultants, Promoters, owners, families, relatives, friends and clients of www.nooreshtech.co.in maybe
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Indian elections - Do they change market trends

  • 1. www.nooreshtech.co.in Indian Election – Do they change Market Trends or Otherwise ? Nooresh Merani CEO – Analyse India www.nooreshtech.co.in www.analyseindia.com
  • 2. www.nooreshtech.co.in Indian Elections • The period of consideration in the case we have taken is 1-3 months before the election result. • Major markets considered are Dow Jones,Dax, FTSE, Hang Seng,Nikkei,Taiwan and some more. • What was the peak to pit drop in various markets in the period before elections? • What was the trend post elections.
  • 3. www.nooreshtech.co.in Indian Elections – 2004. Black Monday – 17th May 2004
  • 4. www.nooreshtech.co.in Nifty –17th May 2004 BJP loses Election Down 32% in April-May Down 12% on 17th May 2004. Up 8% on 18th May .Also a bottom for long term. Down 24% from peak as per closing of 18th May.
  • 6. www.nooreshtech.co.in Dow Jones in April-May 2004 Down 6.8% in April-May Down 1% on 17th May 2004. Also a bottom for short term. Bottom made in 1-2% of the bottom
  • 8. www.nooreshtech.co.in CAC – Bottom on 17th May 2004 Down 8.1% in April-May Down 1.2% on 17th May 2004. Also a bottom for short term. Bottom made in 1-2% of the bottom
  • 9. www.nooreshtech.co.in DAX – Bottom on 17th May 2004 Down 10.7 % in April-May Down 1% on 17th May 2004. Also a bottom for short term. Bottom made in 1-2% of the bottom
  • 10. www.nooreshtech.co.in FTSE – Bottom on 17th May 2004 Down 5 % in April-May Down 1.2% on 17th May 2004. Also a bottom for short term. Similar bottoms of past few months
  • 12. www.nooreshtech.co.in Hang Seng – on 17th May 2004 Down 17 % in April-May Down 2.7% on 17th May 2004. A bottom not seen again till 2008 Down 22 % from peak. Most co-related index to Nifty/Sensex
  • 13. www.nooreshtech.co.in Nikkei – 17th May 2004 Down 14 % in April-May Down 3% on 17th May 2004. A major bottom made. Similar bottoms of past few months
  • 14. www.nooreshtech.co.in Taiwan – 17th May 2004 Down 24% in April-May Down 5 % on 17th May 2004. major bottom near it co-related index to Nifty/Sensex
  • 16. www.nooreshtech.co.in Brazil – on 17th May 2004 Down 24 % in April-May A long term bottom made on 17th May 2004 Down 28 % from peak. Remember BRIC ?
  • 17. www.nooreshtech.co.in Russia – May 2004 Down 20 % in April-May Remember BRIC ?
  • 21. www.nooreshtech.co.in Nifty – Upper circuit day Down 65 % from peaks of 2007-2008 Up 45% pre- election Circuit barrier on 18th May 2009. Up 73% by next day
  • 22. www.nooreshtech.co.in Hang Seng – 2009 Down 66% from peaks Of 2007 Up 56 % before Indian Elections Up 68% by August 2009. Reducing underperformance with Nifty
  • 23. www.nooreshtech.co.in Taiwan – 2009 Down 60 % from peaks Of 2007 Up 61% before Indian Elections Up 75 % by Sept 2009. Reducing underperformance with Nifty
  • 24. www.nooreshtech.co.in Nikkei – 2009 Down 55% from peaks Of 2007 Up 39% before Indian Elections Up 52% by end of 2009. Reducing underperformance with Nifty
  • 25. www.nooreshtech.co.in Dow Jones – 2009 Down 54% from peaks Of 2007 Up 32 % before Indian Elections Up 53% by end of 2009. Reducing underperformance with Nifty
  • 26. www.nooreshtech.co.in CAC – 2009 Down 60% from peaks Of 2007 Up 36% before Indian Elections Up 58% by end of 2009. Reducing underperformance with Nifty
  • 27. www.nooreshtech.co.in Dax – 2009 Down 55% from peaks Of 2007 Up 39% before Indian Elections Up 64% by end of 2009. Reducing underperformance with Nifty
  • 36. www.nooreshtech.co.in Conclusions • US markets continues in a strong long term uptrend with intermittent corrections. It is actually a start of multi-year structural bull market. • European Markets are close to turning around into long term uptrends. DAX is already in a structural bull market. • Asian Markets on verge of a structural bull market which can start from any time between mid of 2014 to end of 2014.
  • 37. www.nooreshtech.co.in Nifty – Trend in 2014 Nifty in new highs and RSI also breaking out.
  • 38. www.nooreshtech.co.in Nifty - Can it breakout ? Nifty can see a jump to 7000- 7200 on a breakout above 6600 with pre- election polls etc
  • 39. www.nooreshtech.co.in Asian Markets Co-Relation • Hang Seng is down 8-10% from recent peaks. Nifty is up 3% from recent peaks. • A new structural bull market may need all Asian indices to scale up into breakouts. • After a multi-year breakout we may not get into a long term bull market without a retest. • Nifty may possibly test a zone of 7000-7200 in pre- election rally but that could be a time to book out given the volatility with Election Results.
  • 40. www.nooreshtech.co.in Nifty – Election Possibilities -> In case of a breakout without global support pre- election to 7000-7200 is a good zone to book profits. -> The recent lows at 5900 become an important support levels for any further corrections. Dips to 5900-6200 become a buy. -> Essentially with a not so supportive asian and global markets we need to be cautious and focus on midcaps as they tend to outperform irrespective of outcome of elections ( See the next slide)
  • 41. www.nooreshtech.co.in CNX MIDCAP AND NIFTY CNX Midcap was up 42% pre- election. Underperformed Nifty which was up 46% CNX Midcap 111% rise against 46% of Nifty ( 4323 to 6300 ) Up 24% post election
  • 43. www.nooreshtech.co.in Nifty 2004 – Retraces 50% of the move to give entry Nifty gives an Entry point to both post the event jump/dump The dip post election becomes a bottom for a very long time to come.
  • 44. www.nooreshtech.co.in Nifty 2009 – Gives an opportunity retraces 60% of the move. Nifty gives an entry point. Retraces 60% of the post election move. The dip post election becomes a bottom for a very long time to come. We have Still not seen 4000 Nifty
  • 45. www.nooreshtech.co.in Conclusion • Strategy should be to get out at a pre-election rally if it comes. • The best opportunity comes when the euphoria or the pessimism dies down over the next 3 months. • The bottom made in that period could be an important bottom for very long period of time. • The trends are set post elections for a meaningful rally whether the government performs or does not. • Also we find no co-relation to the Election results but more so with the global market trends. . • As of now the global trends are not conducive like 2009 so better be cautious at levels of 7000 or higher.
  • 47. www.nooreshtech.co.in Sectoral View. • One of the classical beliefs of Technical Analysis is to follow the trend and leaders. • So any sector which crosses 3/5/10/20 year high is the first signal of leadership. • Buying low is not the best option for supernormal returns. • Buying new highs is the way to go. • Lets look at the leaders ( FMCG/Healthcare) of 5 years and we notice similar characteristics. Although signals came at different times.
  • 49. www.nooreshtech.co.in BSE FMCG – Middle of 2009 Middle of 2009. HUL broke 12 yr highs
  • 51. www.nooreshtech.co.in BSE IT – Has already lead the index recently but a 15 year high cross implies more to come
  • 52. www.nooreshtech.co.in BSE OIL and GAS – If can breakout 9500 will be a 3-5 year high
  • 53. www.nooreshtech.co.in Bse Capital Goods – Close to breaking out above 3 year highs.
  • 54. www.nooreshtech.co.in Midcap/Smallcaps Confirm Worst is Over and a Start of a Bull Market.
  • 55. www.nooreshtech.co.in BSE Midcap Index – Crossing new highs post double Bottom
  • 56. www.nooreshtech.co.in BSE Smallcap – The worst is over and a bull market has started already
  • 57. www.nooreshtech.co.in The Chart which will confirm a Structural Bull Market
  • 58. www.nooreshtech.co.in BSE DOLLEX – Yet to cross 3 year highs. Still 6-7% away
  • 59. www.nooreshtech.co.in Dow Jones and Sensex Long Term Technical Targets at 32k/77k
  • 60. www.nooreshtech.co.in Sensex – Its never been Better for equities in Last 10 -20-30 years. • Although we see a lot of buzz about new highs on Sensex. This is after 6 years. Returns of 6 years 0%. A 10 yr return is 14.8% ( this had a period of 2004-2007 bull market). A 20 year return is a just 9% ( this does not beat the fixed deposit return). • So how long should long term be ? In an asset which has a drawdown risk of 60% ( Remember 2008 crash ) • We hear a lot of jazz about 15-19% CAGR on Sensex by every financial expert who suggests buy and hold for long term. This data is not reliable because of the big run in 1980s. ( It went up 40 times in 1979- 1992). We wont get a period ever in decades to come? Also how many mutual funds were present in 1980s ? How many companies closed shop for every Infosys/Wipro/Dr Reddys. • So essentially CAGR growth in equities has been terrible over last 20 years. Its been pathetic over the last 6 years. The conclusion in this case is the adage – Time in the market is more important than timing the market is being tested for investors. Also the 15-19% CAGR of Sensex is unreliable. • Statistically we believe the best times for investors are when 5-10-20 year CAGR returns do not beat fixed returns and vice versa. • We believe sentimentally ( No IPOs, No NFOs only Real Estate advts) ,statistically ( terrible 20 yr CAGR, 50% down small cap index), technically ( disbelief, wall of worries ) the current 3-6 months window is essentially the best period for a big lumpy return over the next 1-4 years. • As a movie dialog says – Abhi to Picture Baki hai Mere Dost !!!
  • 61. www.nooreshtech.co.in DOW JONES !!  Pole-: 1932 1966 ( 34 yrs)  Channel : 1942-1966 ( 24 yrs 10.8 times)  Flag: 1966-1983 ( 17 yrs of no growth)  First Phase: 1984- 1987 ( 2 times in 3 yrs)  New High: in 22 mths  Top : in 17 years SENSEX • Pole-: 1979-1992 ( 13 yrs) • Channel : 1988-1992 ( 4 yrs 10 times) • Flag: 1992-2005( 13 yrs of no growth) • First Phase: 2005-2008( 3 times in 3 yrs) • NEW HIGH : Same high in 24 months . • 3 years of sideways move. • TOP : ( Ideally by 2018 Minimum 27k-32k or 77k.)
  • 62. www.nooreshtech.co.in A terminal breakdown below the trendline before the big rally A terminal breakdown below the trendline before the big rally A long parallel channel A long parallel channel Almost Double Bottom close to trendline
  • 63. www.nooreshtech.co.in Sensex at an Inflection point • On the long term charts Sensex/Nifty crossing into new highs coupled with broader markets in a strong uptrend after a long time. • Global Markets on an inflection point for multi year breakouts is an indication there might be a lag for a breakout but its not far. • Dow Jones went up 10-11 times in the 1980s. Will Sensex go up 10-11 times from the 2005-2018 period and go towards 32k/77k in the future. • By the way if we do reach our target of 77k by 2018 it would still be only 14% CAGR from 2008 !!
  • 64. www.nooreshtech.co.in Conclusions • Ride the pre-election rally till 7000-7200. Get cautious in the zone around it. • Bigger opportunities are created in the next 3 months of elections. • Global markets at an inflection point and can signal a structural bull market by end of 2014. • Midcaps and Smallcaps have started a bull market and indicating every dips a buy for long term investors. • Oil and Gas, Capital Goods and IT would be the sectors which could create big winners. • Watch for Dollex 30/Hang Seng/Taiwan markets to give signals for a structural bull market start. • Nifty may be in new highs but the first high does not start a bull market but a retracement is the best opportunity. • Get ready for one of the best periods for equities in many decades. Buy in 2014 to sell in 2018 directly.
  • 65. www.nooreshtech.co.in Services QuickGains Premium Newsletter PLUS • Trading Recommendations on Yahoo/Sms QuickGains Newsletter • Nifty Technical View and Positional bets sent via E-mail. Big Value • Techno Funda Bets with Long Term View. Platinum Plus • Limited High Conviction Recommendations • Market Turnaround Guidance • Customized Individual Service. Trading and Investment Advisory/Consulting Customized portfolio advisory for Ultra HNIs, Brokers and more. TECHNICAL ANALYSIS TRAINING PROGRAM – CLASSROOM and WEB BASED. For More Details check --- www.analyseindia.com or mail us on analyseindia@analyseindia.com
  • 66. www.nooreshtech.co.in Team Analyse India Nooresh Merani CEO - Analyse India Cell: +91-9819225396 e-mail: nooreshtech@analyseindia.com N S Fidai Managing Director - Analyse India Cell: +91-9920120878 e-mail: nsfidai@analyseindia.com Ankit Chaudhary Technical Analyst and Derivative Strategist - Analyse India Cell: +91-9899899989 e-mail: ankit@analyseindia.com
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