Nifty Bi-Monthly Chart 1996-2015 :Update # 2

Further to my earlier post  http://lalitlk-lalit-lk.blogspot.com/2015/06/nifty-bi-monthly-chart-1996-2015.html, I am sharing my observation as on 30th October 2015

 As such, using a zoomed view over last 119 candles fulfilling the minimum requirement :

I am sharing crucial Macd (5,34,5) data  for certain days ; IMHO in these higher degree Elliot Wave , Nifty had done its peak for the time being as shown by a higher Nifty with lower Macd readings.

A higher high in December 2015 with next candle with closing at/over 9801  shall result in the histogram being rendered positive. I am not expecting that high this year

CNX-Nify-index-time-frame-cycles-of-21 : Up date #2

Further to my earlier blog http://kolkatabull.blogspot.in/2015/03/cnx-nifty-index-time-frame-cycles-of-21.html , I had up dated my excel sheet & revised the Data thoroughly. Here is a chart covering the full of NSE Data ; initial closing basis data over 21 days were used to create OHLC data & subsequently data were suitablelally modified to incorporate OHLC data available with 
3rd November 1995 , resulting in a chart with 291 candles (last one in progress till 02/11/2015) :-

  

Here are zoomed view of 150 candle with Macd (5,34,5) of the Index initial stage :

Next, I had filtered out the initial candles for which Macd are not available due to default requirements ; divergence in price action with Macd leads to crossing of the zero line :-

Next I am sharing subsequent data with an up swing :

And finally , in my HO Nifty looks topped out for the time being : -