NIFTY UPDATE

NIFTY is showing signs of exhaustion but this wont be sufficient to register a REVERSAL. This rally most probably would struggle to travel above yesterdays high of (17,389) yesterdays high was a critical Gann angle from MARCH lows. So either PRICE consolidates here for one more week, or it breaks (18,000) and registers a REVERSAL, there are only two possibilities going forward. Lets see, with which option MARKETS goes for? REVERSAL is imminent but there is no point anticipating it we have been sharing REVERSAL levels since mid APRIL and so far those levels are held, once that level breaks, within 4,weeks we should get MARKETS below MARCH lows, (18,000) is that level which once breaks move towards (16,828) should be rapid.