NIFTY UPDATE

NIFTY have PRICE and TIME SQUARING DATE today,
since past several days we have discussed 3rd,NOVEMBER as a very important CYCLE date for near term.
So as discussed earlier,
we would closely moniter todays intraday LOW:
A daily close below todays LOW would officially resume next leg lower for MARKETS.
as posted earlier as well,
we have been expecting next round of selloff from next week,
so far things are in place for that,
but still let’s wait for official confirmations.
We are working with target objectives of 18,490 on downside.
It’s only a matter of TIME when we get there.
A reversal next week would take us there till 17th, which is next PRICE and TIME SQUARING DATE.
If not then,
We could see some more bounce and then a reversal which shall take NIFTY down till 18,490 till late NOVEMBER.
so lets see.
We have turn date today for S&P as well.
So the recent rally is going to be challenged by TIME from today.