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As per the Time Cycle on NIFTY vs Indian GSec, next Trough is not much away. The previous 4 occasions of Time Cycle Troughs worked wonderfully well.
Roughly speaking, a rising curve is when Equities outperform Debt.
Asset Allocation point of view.
Nifty500 forming a narrowing structure that can potentially be a symmetrical triangle.
Only a break above would validate that, while a break below negates the structure.
For a credible reversal, NIFTY will have to:
1. Maintain the sanctity of the underneath Support Zone
2. Form a Bullish candlestick reversal pattern, on Weekly better
3. Move and Close above previous week's High
NIFTY is currently right at where it opened on Monday. The breach below previous week's low didn't last long. Still a few hours to go, so can't conclude until then.
Long Legged Doji / High Wave in the current form. But with the current snapshot, it's an attempt to pause. And, that's the best that can be inferred: Attempt to Pause.
Further as the evidence presents itself.
NIFTY is currently right at where it opened on Monday. The breach below previous week's low didn't last long. Still a few hours to go, so can't conclude until then.