Simply Applied the concept of Bull and Bear Market Primary trend cycles what i learned from incredible charts. Check it
Bull-Bear Market Primary Trend Cycle
Image Extracted from Incredible Charts
Nifty Four Years Weekly Charts
3200 where 20 day EMA resistance comes as per daily charts
But 3500-3600 is the region where 20 Week EMA resistance is
expected to come.Currently it is above 3800+….
Chance of Nifty to merge the 20week EMA… which is expected
to meet near 3500-3600 region over the time
Info from Mr AmitBhai
Fibonacci Weekly Charts for Nifty as on 26th OCT 2008
This is nifty weekly chart 2950 was the last hope which is .618% but that is also broken. Now next level is 2458
and if broken then 2024 is the last level.
As per super cycle nifty is making wave 2 and then .786 is the target.
so u can understand what will be market conditions.