I am repeating the portion of the chart, from Market Next Week.
As you can see, NIFTY is too close to the Bottom Trend Line from where the breakdown may occur at any time. Such an event can take NIFTY straight to the “T” line shown.
Yesterday, we had a SHORT signal on Reliance Capital. However, the Banking License news triggered it up, but still, as today’s price action was not convincing for the TTI System to give a Buy signal, and hence it is still maintaining the SHORT mode.
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