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Read it as NEPSE Cycle Wave

NEPSE Short Term: Two alternatives are provided in the chart, one argues for direct drop towards 1100 and other argues for recovery from 1500 towards 1800 and then drop towards 1100, But that too will be a ending pattern. Looking at other indices (Primarily Banking index), there is thin probability of going up. The first confirmation of trend reversal is a close below 1628 and followed by 1538.
We will re-examine the wave position once it drop towards 1500. In both the scenarios, It is highly recommended to exit at least 50% positions for now and wait for further confirmation.
Another long opportunity will come near the bottom of upcoming Primary Degree Wave 2 which is expected at around 830-900.

Click below for chart and projection (Short term update).

https://drive.google.com/file/d/0Bx9RTYf1lazmRDRQUll5QnBWS1k/view?usp=sharing


Click below for chart and projection (Long term update).

https://drive.google.com/file/d/0Bx9RTYf1lazmam1ZUld3RFRoOGs/view?usp=sharing