nifty and bank nifty both have compleated TD sequential sell set up which is one of the powerfull reversal indicator. on completion of 13 this gives a sell indication. and as per this method we should see the market moving down very swiftly and we can see these markets moving towards the TD support line which are nearly at around 10% from current levels. so we should see the markets moving very swiftly downwards surprising every body. so if any body is expecting 6000+ in nifty in one to two months then as per this it might not happen. But there is one catch in it, this pattern can be negated only and only if it moves above the 13th bar indicated in the two charts. so if the high of the bar 13 plus filter is taken out then we can assume that the pattern has been negated. So now the questin comes what would be the price the movement above which we can assume the negation of this pattern. if BNF closes above 11920 and nifty if closes above 5850 then we can assume that the TD sequential sell has been negated. so brace for the fall in comming weeks.

M.Sri Mahidar
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