NIFTY is down but not convincing yet until level of 17,844 is held on spot. 17,844 is a rising VIBRATION angle from recent lows of 17,353, so break of 17,844 would break the PATTERN and turn the PRICE lower !
(NIFTY BANK) is shade weeker then (NIFTY). It have broken below recent lows, print of 40,950 on spot would signal test of 39,500 and once 39,000 breaks move towards SEPTEMBER lows would be very swift !
TIME wise next week is very important specially MONDAY and FRIDAY a daily close below MONDAYS low would set MARKETS up for a crash. We dont want to use that word, but that is how things are shaping as of Today !
Watch-out for U.S. MARKETS as well, S&P would complete very important CYCLE rotation from AUGUST highs and OCTOBER lows TOdAY. This will co-inside with OPEX, price wise we are closely watching 4,050 on S&P cash !
NIFTY UPDATE
Published
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