NIFTY SPOT

IN A SIDEWAYS MODE CURRENTLY, WITH AN UNDECIDED DIRECTION FOR THE MARKET
1. PIVOT FOR DOWNSIDE/UPSIDE AS PER YESTERDAYS MOVEMENT WOULD IDEALLY BE 11860-65 ZONE
2. AN UPSIDE WOULD ENSUE ABOVE AND SUSTAINING ABOVE 11925..... SUSTAINING THIS, NIFTY IS LIKELY TO TARGET 11970-11990 AND MORE
3. STAYING BELOW 11860 ANS SUSTAINING BELOW THIS, NIFTY IS LIKELY TO HEAD LOWER TOWARDS 11710-11740 ZONE AND MORE
4. THE ENTIRE WAVE C OF 2 OF 5 WOULD GET NULLIFIED SHOULD NIFTY SURPASS 12125-28 , SO THIS BECOMES A SACROSCANT STOPLOSS

THE DOW JONES IS LOOKING AT A 600-800 POINT DOWNSIDE SUSTAINING BELOW 28080..... IT SHOWED US A SMALL TRAILER TONIGHT WITH A LOW OF 28040.... ARE WE HEADED LOWER ?????
I WOULD SAY THE SAME FOR OUR VERY OWN BANK NIFTY FUTURE.... IT SHOWED US 24134 ON 21ST, WHICH WAS LOWER THAN 24167 OF LAST WEEK.
BE CAUTIOUS ..... AND IN THE LONG RUN.... GO LONG
Trend Analysis

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