NIFTY UPDATE

NIFTY needs a gap-down to break through the zone of (19,200) and we are expecting one till 6th of SEPTEMBER.
TIME wise we are in a very intresting zone as I highlighted last time.
Based on that, its ideal to expect a trending move in coming days.
There is a very intresting data point to note,
NIFTY since 2013 have not given 6,continuous negative close on weekly time frame.
We already have 5,negative weeks this is 6th and let’s se where we end this week today.
MONTH of AUGUST for NIFTY was the narroest month in terms of swing measured in % terms,
quite interesting,
SEPTEMBER most likely should be a moving month.
Not only for INDIA next week is important for U.S. MARKETS too.


Thee bounce in U.S. has exceeded slightly higher but I think it may not sustain here for long.
Let’s see how things goes next week.