"The October 25 Asian-Pacific Short Term Update presented the following close-up of India's Nifty Index (on the LEFT hand-side) and raised the urgency of its analysis with this message:
"India looks especially vulnerable to the downside. This market has had a good run higher and now shows signs of momentum loss. With five waves completed at multiple degrees, it's time to step off the bull train in India, if not time to outright explore bearish opportunities."
Now, the right-hand side of the above picture shows the massive selling that has taken place in the Nifty since."
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