The global inter market play is depicting bulls are here for the one last time before a crackdown comes. The Wave B up on nifty to around 5230-5350, wave C down of flat correction in USDINR to 54.20-54.50, the completion of five wave down in EURO and confluence of RSI readings shouting 1.2450 in the near term and indian ten year benchmark 8.15 % GOI 2022 looking to crack for at least one time to 99.80 in the near future.

The wave counts of different market sounding in similar tones adding confidence to the analysis.

So, for the time being Take Risk as Risk Appetite returns for the near term.

USDINR was an expanded flat correction so it bottomed near 54.2 already. Each rise from there should be impulse up. Nifty 5 wave decline I agree. Bonds have not analysed much but a multi year chart published on my blog shows a rising channel where wave C up did not reach the upper end so I am not sure the interest rate cycle has peaked before we get the deflationary low interest rate environment you are talking about. But its the first time I am looking at interest rate data and counting is not easy here so I cant stick my neck out on it.

Thanks a lot sir. Please please always keep guiding and helping me improve sir. I always look upto you and want to follow you. I will work hard to improve and have better wave counts. I am elated that you took your precious time out to read my work. Though it is not upto your mark but one day i will make you proud sir. Thanks a lot for the support, guidance and motivation.