NIFTY UPDATE

NIFTY needs such volatility to flush out easy longs from system
Todays rejection is similar to what we saw on 4th,august
But needs more push to turn the wheels down
As mentioned earlier, short-term Trading from here, would get extremely tough
Below 17,348 NIFTY is not strong
To test 17,850 NIFTY have to sustain above 17,474. If you have been following this space then you should have get the underline importance of these values
There are certain conditions attached with PRICE, But TIME always represents 1 sinario, which continues to stay bearish
Tough to digest but the problem for EQUITY MARKETS is the bearish annual cycle
I easily would had turned daily or weekly cycles
But I cannot twist TIME rules based on situation
So TIME structure of this market cannot be revised
I am sure, markets would validate my point in coming days