NIFTY50.....New lows has been achieved!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 has set a new low on Thursday @ 22930 points. This was inline with my expectations. What`s next for N50? From Moday `til Wednesday we have seen a „Fair-Value-Gap“, that set the levels @23503 and 23618. Friday's candel has been an „Order-blog“. This is the last candle before the market changed it's direction. This could be a perfect scenario for a countertrend move. But keep in mind that is a dangerous setup. Overall to speak! The NIFTY50 is on the way to enter a „bear-market“ scenario ( decline 20% plus x points from it`s latest high)! Indicators are worthless this time, and I think that sideline will be a good place to be. Either traders have been short in awaiting for a US vs Iran war (2 weeks ago) or even they are not! Anyway. Both side of trading are thinkable and as long as this scenario is valid I would favor the shorts for trading. A break of the last low @ 22930 opens the door to a wide range from 22250 to 217xx points. Here liquidity is waiting to catch for a long trade. Update will be made the next days. Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk