Short Term Reversal Probabilities (based on the Sun-moon combination): The last report suggested: “Nifty rallied more than 3% and started the sell-off. The next reversal is February 10-11 from isolated low as well as high, which means huge volatility... Thursday-Friday will be wild. Watch the high made on Thursday. This may turn into an isolated high, which means a 3% or more drop may happen from here. This aspect is active till Friday close. Look at Friday`s close, whether it is below daily support or not”. The setup from high is active as Nifty started the slide from that high. The next reversal date is February 17-18.
Sun is in the Aquarius. The change in psychology is from status quo to move. And we are witnessing huge moves every day.
Bank-Nifty Futures: The last report suggested, “It has rallied 4% from the low of the Gann reversal date. Any turn down from 37835 will be considered very bearish. The technical indicators have entered into the bullish zone. They MUST hold above to remain bullish. Watch daily support on Friday”. Nifty couldn’t sustain above 37835 and got slammed. The technical indicators are in the shallow bullish zone. If they curl down from here, the fall will be sharp.