THOUGH NIFTY SYNC WITH BNF BUT NOT RAEDY TO MOVE DOWN SEE HOW !!

COMPARING MY YESTERDAY STATEMENTS WITH ACTUAL MOVES.

1. AS I SAHRED NO LONGS TILL WHITE DOTTED LINE IS TAKEN OUT. THIS IS THE THIRD DAY OF MY STATEMENT WHERE NIFTY DID NOT DARE TO TOUCH THAT WHITE DOTTED LINE. SO NO QUESTION OF LONG. TODAY WAS THE GOOD CHANCE FOR NIFTY TO CROSS THIS. AS IT OPENED GAP UP WITH GOOD POINTS.
2. INFACT IT TRAPPED BULLS BY GAP UP MOVE. RED WHITE ZONE WITH LOWER BAND OF CHANNEL IS WOKING GOOD. SINCE IT IS THE COMBINATION OF TWO FACTORS ONE ZONE AND SECOND LOWER BAND OF CHANNEL THEREFORE , IS WORKING WELL. WHEN EVER IT BREAK DOWN YOU WILL SEE GOOD FALL IN NIFTY. I FEEL IT SHOULD BE BROKEN WITH GAP DOWN OPENING.
3. YOU WILL THINK I AM NOT TALKING OF UP SIDE , SEE STOCK IS THE GAME OF PROBABLITY SO OTHER SIDE CAN HAPPEN . BUT RIGHT NOW STRUCTURE IS NOT FAVORING THAT SIDE.
4. WHY NIFTY IS BEHAVING LIKE THIS. THAT IS RELATED WITH THE STRUTURE FORMATION AS COMPARE TO BANKNIFTY. INFACT NIFTY HAS MADE ITS BOTTOM WHERE AS BNF HAS NOT MADE. NIFTY HAS LESS TO TRAVEL DOWNSIDE BUT BNF HAS MORE. BOTH ARE IN DIFFRENT STRUCTURES. BLUE LINE WILL PROVIDE SUPPORT IN NEXT WEEK. UNTILL AND UNLESS THIS RED WHITE ZONE IS NOT BREACHED IT CAN SUPRISE IN UP SIDE BY GIVING GAP UP OPENING ABOVE WHITE DOTTED LINE. REST MARKET WILL DECIDE.
YOGESH VATS
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