The 5 Month's Story in a nutshell

 

1. Powerful Up move.
2. Doji, Bull Bear fight and Bears win.
3. Bears take control.
4. Bulls try their best, but fails to take NIFTY above Candle No 3
5. Bulls Try once again but severally beaten up.

 

Now, today, once again, a trial was made to avoid a big crash by supporting from 5400 region. Once that is broken down, and then all hopes of Bulls will be given up. That is the point, NIFTY really catches fire. We do not know when and how. All we know is that big day is just a kissing distance away.

 

Note: The above numbers refer to the Candlestick numbers of the attached chart.