NIFTY PATH AHEAD

NIFTY challenged its OCTOBER high of 19,850 yesterday,
We did discussed this on WEDNESDAY,
Above 19,500 INDEX is likely to stay in good shape.
Today is a PRICE and TIME SQUARING DATE,
so todays high and low are going to be absolutely critical for coming days,
after today next PRICE and TIME SQUARING DATE for NIFTY will come on 13th,DECEMBER,
so todays range would hold greater significance.
If NIFTY sustains below todays low and break 19,500 on spot then that would trigger a very BEARISH setup.
which would indicate much lower levels,
Probably below 18,490 but need to have patience until that setup triggers.
As I have been saying since several days now dont pull the trigger until key levels are held.
So wait for now,
there would be some great opportunities in next few months.
In case NIFTY sustains above todays high and takes out 19,881 then that would indicate much higher levels,
Most likely above SEPTEMBER high.
So we should not miss that rally if that unfolds.
Now how that would fit within the CYCLE structure is a different thing that is not required to understand immediately,
there would be an appropriate TIME to discuss that.
There is no point discussing the theory of this and that,
Let’s go through the journey practically and see where things stands 6 to 8 months down the line.