Market has not fallen as the US market the FII has invested a lot in India there can be only two cases here either indian market is ready to make a good high or ready to fall vigorously in near 6month term.
ON 7th OCT retest of the nifty till 17000 is expected then a impulsive pull up or a vigorous fall can be easily sensed in daily timeframe.
ON the weekly time frame a clear decending triangle is seen if market comes out of it then a impulse upside boost and if remains in that triangle then a vigorous fall can be seen.
ON 7th OCT retest of the nifty till 17000 is expected then a impulsive pull up or a vigorous fall can be easily sensed in daily timeframe.
ON the weekly time frame a clear decending triangle is seen if market comes out of it then a impulse upside boost and if remains in that triangle then a vigorous fall can be seen.
Trade closed: target reached:
As per i mentioned three month back the nifty has shown a good breakout from the descending triangle and shown a upward move making the high till 18800 level and then recession from the top . The target has been reached .