NIFTY UPDATE

NIFTY; got that waterfall decline which we had been anticipating. It also completed our (HEXAGON) Target of 17,578 on spot Today. We had been mentioning this level since late DECEMBER. We also got (HARMONIC CHANNEL) breakdown below 17,680, So in short we got everything which we required for a medium term decline. Remember medium term. Today we achieved our short term projections. So we prefer to take part of our profits here.
NIFTY is near a Gann line closer to 17,472, so there could be some relief, there has to be a serious focus on U.S. MARKETS, if S&P breaks 4,120 then we have to consider alternate sinario Which is quite complicated. Let’s see, we are not there yet.
So FOLKS in INDIA should not get carried away with this decline. Let wall street join on downside, then actual fun will begin. Plenty of STOCKS too have achieved their Targets Today, not possible to UPDATE all today, will do it gradually.
Today was TIME SQUARING DATE, which we posted last week. Next week we have plenty of EVENTS but no CYCLE DATE. Take things easy and let EVENTS pass.