Tradernawab

nifty , magic of 38 days cycle

Short
NSE:NIFTY   Nifty 50 Index
it has been predicted that after 13 nov. (completion of 38 days cycle) downfall will come, if you see right after 13 nov ,instead of going down , it went up but it made a bearish candle , next day again up but made a bearish candle, 3rd day it made a dozi and today it made a inverted hammer ( bearish candle). however it went little up but candles are screaming that they have no strength left . it was going up because of bank nifty pressure. today bank nifty got out of steam and nifty too came down along with it.
a negative div on rsi too can be seen.
in coming days it should go to the level of 12000.

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