The recent price action points to a new dynamics other than expected in my weekly report. Notice the circled area. It looks like we might see a steep fall tomorrow and might bottom out near to 4120-4110. Of course, we cannot rule out a fall to 4050. Immediately after the "Touch Down", we might see "Smart Recovery", which should take NIFTY to the region of 4570 in the coming days… It might be called as a "Pre-Budget Rally" or whatever. The "Big Game "starts there… Any ways, there is more than a week left to do that. We will discuss it in the Weekly Report.
To conclude, I expect a steep fall tomorrow and at the end a recovery. But….In case NIFTY opens above 4320-50, that is above "T" as marked in the chart (I give only 5% chance for that to happen), Then the whole complexion changes.
