NIFTY UPDATE

NIFTY is up and above very close to record highs which it posted in OCTOBER of 2021.
But as I posted earlier it’s only a number
A break of 18,604 will not confirm the start of a new BULL MARKET which everyone is pointing.
Because even if you keep (TIME CYCLES) aside I never saw a BULL MARKET in which broader market has no participation. Even in NIFTY 80% of upside has been sponsored by 7 STOCKS. So what does this mean?
Do we look this as 7 stocks are in BULL MARKET and 43 stocks are in BEAR MARKET. Now when I ask this question the BULLISH participants fail to explain the rationale behind this. Everyone is just happy That NIFTY is at new highs. Targets of 25000 and 27000 are shared very strongly. Now in this TIME if I say we still have a move pending towards 14,400 and below this really wont go well with majority. I really can’t do much about that.
Now all this will make sense only if you are an INVESTOR. you may have that fear of missing out
But that’s your risk which continues till next OCTOBER of 2023.
So plenty of TIME left for that.
TIME wise major BEAR MARKETS Lasts around 18 months from a CYCLE TOP
So we only refer the high which is posted during the CYCLE.
So for NIFTY we will refer 18,604 and for NIFTY BANK we still would take 41,829 as CYCLE TOP. Anything above these levels do not hold any importance mathematically we can extend the move by 1X8 or 2X8 but the underline fact doesn’t change.
This was 1st part moving on for Trades. Secondly for (TRADERS) there has been no confusion on approach. The point is very simple: a daily close below 18,133 would provide initial conformation for a higher degree (REVERSAL).
So this is a process which has to be followed!
The higher degree (REVERSAL) is a long process and a close below 18,133 would be a 1st step of an overall process. Once we get that we would go a step forward and look for 2nd, conformation which would be a (HEXAGON) breakdown!