IS NIFTY SHOWING PULLBACK OR REVERSAL? LETS FIND OUT!!!
IN LAST FOUR TRADING DAYS A PULLBACK IS SEEN IN NIFTY . PROBABILITY OF REVERSAL OF DOWN TREND CAN NOT BE RULED OUT. A PINK COLOUR ZONE IS SEEN IN FIG THAT IS THE TEST OF THIS ON GOING MOVE IN NIFTY. IT IS TAKEN OUT ,THEN GET READY TO SEE MORE FALL . I F MARKET JUST TEST AND START MOVING UP AND TAKES OUT THE HIGH OF FRIDAY'S AND SISTAINS HALF AN HOUR, THEN SECOND STAGE OF REVERSAL WILL COMPLETE. RIGHT NOW BOTTOM IS NOT CONRIMED. AS I ALWAYS SAY STOCK MARKET IS GAME OF PROBABILITY. SO WE MUST UNDERSTAND THIS LANGAUGE FOR ANALYSIS. AT THIS POINT OF TIME DIRECTION IS NOT CONRIMED. SATISFYING ANY O THE GIVEN CONDITION WILL DECIDE FUTURE DIRECTION.
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