MACRO PICTURE OF SGX NIFTY

LEVELS AND DATES TO BE OBSERVED CLOSELY

SGX Nifty has shown major trend change in every 74 months and has taken support / resistance clearly from 5 years EMA.

Currently the market is closing near its long term trend line and the 5 yr EMA is at 13072 levels.

For those who are looking for the bottom then there is a different study on smaller timeframes but on a macro level 13000 can be a bottom for the ongoing crisis which can be achieved in the next 12-24 months if the situation does not change.

Out of 74 Months Time Cycle and 60 Months EMA its only 14 Months where the market generally can be observed to outperform. So invest accordingly.