NIFTY SPOT

GOOD MORNING DEAR FRIENDS.
JUST AN UPDATE FOR THE DAY FOR YOU ALL TO PONDER ON.
1. NIFTY STAYING BELOW 11970-12000 ZONE, AND BREAKING BELOW 11880-895 ZONE, WILL HEAD TO 11700-11745 AND LOWER
2. NIFTY STAYING IN THE RANGE OF 11865-11880, WILL RISE TO 11975-12000 AND HIGHER
3. THERE IS A NEGATIVE DIVERGENCE ON MOST BANKING STOCKS/BANK NIFTY AND NIFTY
4. RELIANCE WILL PROBABLY TAKE SUPPORT AT WEEKLY 20 EMA AT 2050 OR MONTHLY 5 EMA AT 2040. SINCE THESE 2 EMAS ARE VERY CLOSE TO EACH OTHER...... RELIANCE SHOULD TAKE SUPPORT HERE... BELOW THESE LEVELS...... 1800-1700 FOR SURE
5. BANK NIFTY IS THE STRONGER THAN NIFTY, AND HENCE I DO NOT EXPECT A MASSIVE DOWNSIDE ON BNF. I AM PERSONALLY LOOKING FOR A NIFTY TARGET OF 11575-11650 ZONE, SO IT IS PRUDENT TO CALCULATE THE BNF RATIO OF 1:2 FOR BNF TO NIFTY.... SO IF NIFTY HAS TO FALL 400 POINTS FROM HERE,,, BNF SHOULD FALL APPRXX 800 POINTS, INDICATING TO ME A TARGET OF 23950 APPRXX
6. STAY COOL, STAY CALM, AND EXECUTE YOUR TRADES
ALL THE BEST AND GOOD LUCK
MOST IMPORTANTLY....... WE ARE IN C OF 2 OF 5...... ASSUMING THAT B OF 2 COMPLETED AT 12025. NOW WHEN C IS COMPLETE, WAVE 3 OF 5 @ IMPULSIVE WILL START. IT IS ALWAYS THE MOST REWARDING WAVE OF ALL THE WAVES, HENCE STAY LONG WHEN 3 UP BEGINS. BUY IN CASH AND STAY LONG FOR 1 YEAR ATLEAST