NIFTY UPDATE

NIFTY completed formalities to break June lows: the break of 16,750 have eliminated the last outside bullish possiblity for markets! This doesn’t mean that there won’t be any pull backs, there would be pull backs but that won’t turn the PRICE structure which along with TIME is Trending Lower!
TIME was never the problem for this BEAR MARKET! I kept posting this, when market was going higher! The problem was PRICE which was having a diversion from major TIME CYCLES! Earlier in this month, I posted 2,points!
1,NIFTY will play out a very dangerous pattern if it travels above 18,000, which it indeed done! 2, once market starts to resolve all Previous DEVIATIONS there would be no place to hide, that’s what we are witnessing now!
Retail traders are trapped badly in this market! The new age SOCIAL MEDIA TECHNICIANS kept selling narrative of new highs and people kept falling for that Trap! Few handles have disappeared, Few will diss appear in days to come! Many traders over look TIME as a critical tool, few even say TIME have no relevance in short term Trading! If that’s the case then, Why the rally of 7,weeks gone away in just 7 days? Think about that! Coming back to NIFTY, all upsides till 17,200 should be utilized to short!