AGGRESIVE BULLS ARE BEING TRAPPED IN NITY FOR LAST 8 SESSIONS!!

COMPARE MY YESTERDAY STATEMENTS WITH REAL MOVE IN NITY.

1. In point no3. yesterday I gave you target of white lower dotted line in down side. See the pefection of this level. Aggresive bulls took entry by confirming this micro zone with red band of upperside. That has been maniested yesterday. In point no.4 I showed you green dotted trendline with the instruction of breach is intact , therefore, nifty ready to move down on monday. Point no.5 momentum can be seen on breaking of this line . That is why you did not see momentum in movement of price. Point no6 due to corrective structure opposite side move be frequent. see the entry of aggresive bulls making tail to this candle.This is how one day prior sketch was filled with exact price moves.

2. Now come to monday trading session I expect gap down open that i will confrim in my sgx nifty analysis. With the target of pink support line. If you see on lower white dotted line the entry of aggresive bulls two times. why I say this . Had they been strong , they would have taken price up to upper micro zone. That could not happen , therefore , are aggresive bulls. But this time novice aggresive bulls plus those who shorted at top some week bears booked their profit. That gives me impression this time price will break down without any more try upside. Let us see will this happen on monday or not.

3. Condition for breaching of green trendline will be valid as shared in last post. Rest market will decide.

YOGESH VATS

Comment:

This is the picture of nifty on lower time frame where is the technical answer of nifty not going down in bigger time frame daily , I showed micro zones are being formed . But in smaller time frame loacal distribution process is going on . If yellow dotted line is breached then on monday green trend line above can be tested . It means 130 pts move to 9300 can be seen that I showed with white arrow then fall. On otherside on monday morning falt opening can be seen if yellow trend line is not breached then you will see fall in nifty.I am going to post sgx nifty where the possibility of fall provides support. check that post too.