NIFTY 50 future TRENDS

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Nifty is still consolidating. The completed dip was made on Monday of last week. It has been going NE, more east than north, since then.
It is still my view the consolidation will continue to 5240, and maybe a little beyond that before we get the next leg south. Even after we get to 5240, there will still be additional consolidative activity before it really takes off.
In the words of Sudoku (I'm in the middle of one of them now--lol.), "trend down". That is the overall picture. That was not just a freight train coming south from 5704 but a locomotive. That move has got to be corrected. The sideways consolidation was also predicted because it is just waiting for the buildup to the next strong leg.
LOL, if I was like Sudoku, I could have just said "trend down", and eliminated all this writing.



any view friends? very strange behavior of NIFTY
 
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