NIFTY UPDATE

NIFTY broke 17,844 yesterday so PATTERN has been bursted. PRICE have turned lower now once (MARKET) gives a daily close below yesterdays low (TIME) too would turn lower !

“NIFTY BANK also have continued its decline” projected path here would be 39,500 on spot. Should be a gradual move towards 39,500 furious fall is expected below 39,000 !

For (NIFTY) next major (CYCLE) date is on FRIDAY which would be 4X1 ANGLE DATE from DECEMBER high. As we have pointed out multiple times in past that, INDIAN MARKETS are in a down trend and we are in early stage of this down-trend at FEBRUARY lows we just completed a primary part of over-all (CORRECTION) the rally since 1st FEBRUARY is only a retracement of entire decline which started from 18,887 !

which at recent high of 18,135 completed exactly 50% retracement which is a normal pullback now once we get a daily close below 17,818 which is yesterdays low. We would be in for a precipitous decline in coming days. watch-out !