Nifty Analysis

To My Mind..... the Market will stay within the RESISTENCE and SUPPORT Lines for a while now. There will be NO CLEAR CUT BREAKOUTS YET...... We are either CAPITULATING OR WE are Looking at a BREAKOUT/BREAKDOWN. For 1 whole year we have stayed WITHIN THE CHANNEL. The Recent Low of 16750 STOPPED EXACTLY AT THE MID MEAN ( DOTTED BLUE LINE) of the Channel. In my Experience, Price ALWAYS REACTS to the DOWNSIDE at 78.6% FIB. DO NOT STAY TOOOO BULLISH YET. LET 17618 be CROSSED and SUSTAINED first