In My Last Update I Mentioned That If NF Can Cross 8482 We will See 8900 Easily.
It Was A Little Over Enthusiastic Target Set Up
NF Faltered Around 8665 And With Multiple Highs Around 8665 Followed By A Strong Down Move Especially Closing Below 8482 Generates Serious Danger Signals For Our Markets
As Shown On BANK NIFTY & NIFTY Charts The LAST UpMove Was INFACT A Rising Channel Which Was Bearish
A Break Down Today Confirms That The Down Trend Has Resumed Again
And My View Is That Now Onwards We Are Bound To See SOME SERIOUS SELLING PRESSURE Across All Sectors Which Will Create Panic In Next 2-3 Months Time
A Close Below 8315 & 8200 Will Take NIFTY Below 7950 And Then The PANIC Selling Will Get Initiated
As Usual If Charts Suggests This A REASON Will Come From Anywhere .
It Was A Little Over Enthusiastic Target Set Up
NF Faltered Around 8665 And With Multiple Highs Around 8665 Followed By A Strong Down Move Especially Closing Below 8482 Generates Serious Danger Signals For Our Markets
As Shown On BANK NIFTY & NIFTY Charts The LAST UpMove Was INFACT A Rising Channel Which Was Bearish
A Break Down Today Confirms That The Down Trend Has Resumed Again
And My View Is That Now Onwards We Are Bound To See SOME SERIOUS SELLING PRESSURE Across All Sectors Which Will Create Panic In Next 2-3 Months Time
A Close Below 8315 & 8200 Will Take NIFTY Below 7950 And Then The PANIC Selling Will Get Initiated
As Usual If Charts Suggests This A REASON Will Come From Anywhere .
One More Study Says That 7502-7512 For NIFTY Is A Distinct Possibility In Near Future If NIFTY ANalysis Done Here Proves Correct
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