NIFTY weekly charts

- trend is down
- rising wedge pattern gave excellent warning
- unfortunately moves were too fast

- target 10000 done

- nifty formed biggest weekly bar in 8-10 years
- height was 2200 points
- break of 10000 saw lower circuit on Friday followed by fast rally

- looking forward, markets likely to trade within 10750 and 8500
- the correction is not over and new lows are possible