NIFTY UPDATE

NIFTY and NIFTY BANK are on there way down. Practically we will get a daily close below MONDAY’S low Today. So that will set MARKET UP-for-a-CRASH going forward !

We mentioned this earlier as well. In-fact if you have been following this space then this up-coming fall is something we have been expecting and we have heavy positions to navigate this fall. As far as Targets on (NIFTY) are considered 1st level we are watching on downside is (17,353) which we expect as early as next MONDAY !

below that (17,100) on spot. We already discussed levels on (NIFTY BANK) earlier. As far as STOCKS are concerned BANKS are very week followed by OIL&GAS !
We are expecting a broad-based decline there would be a point where nothing would work. We have been very clear with our medium term target of 14,400 on (NIFTY) which certainly is going to be achieved in coming months !

We strongly believe our study on (CYCLES) and we have maintained our BEARISH view even when (NIFTY) made fresh highs. Not an easy-job, to stand against the majority where accept (TIME CYCLES) every thing else was BULLISH. Another argument we keep getting is, when everyone is BEARISH will MARKET actually fall? People have their own criteria to measure that how many on street are BULLISH and how many are BEARISH !

Some even call it a part of (SOCIONOMICS) but as a student of (GANN) we are not allowed to take that seriously, we only have to follow CYCLES no matter what the majority thinks, everything in this planet unfolds in a certain manner and (STOCK MARKETS) are no different. Only point is your calculations has to be correct. So do keep this point very clear !