- 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
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfRTYROFrvYpPBkvYmC2DNu4yBi1srZRklyo2jG5WxNs6ETaFIM-BaytlKwdmd32INjysFsS3SL7QBc7hD5NJoCC5NMikvo9UVAU2b2XLM_3hxqe9k2-q_yGDqzntcfHTRwpFsBuhAabUs/s640/a.png)
- 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
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfRTYROFrvYpPBkvYmC2DNu4yBi1srZRklyo2jG5WxNs6ETaFIM-BaytlKwdmd32INjysFsS3SL7QBc7hD5NJoCC5NMikvo9UVAU2b2XLM_3hxqe9k2-q_yGDqzntcfHTRwpFsBuhAabUs/s640/a.png)
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