NIFTY UPDATE

NIFTY gave daily close below MONDAYS low Yesterday,
which gave the BEARISH confirmations from (TIME CYCLES),
todays Gap-down have gone through key PRICE points,
the most significant level was (17,427) on spot,
A break of that have signalled levels of (17,227) and (17,035) in near term.
This shall co-inside with our (HEXAGON) target of (17,100) which we shared few days back.
The manner in which market is sinking should not come as a surprise.
On wednesday we warned that (NIFTY) may have peaked at MONDAYS high of (17,799) we would again focus on the fact that, markets are in a MEDIUM term downtrend,
and this correction is likely to last for several months.
So dont get exited with 2 or 4% bounce from any bottom,
the actual bottom is miles away from current levels,
Note upsides would still come but trend reversal is less likely,
utilize those upsides to sell, and stay with the primary trend, which is down.