NIFTY50.....Sideline for the coming hours!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, On Tuesday, April 23rd, the NIFTY50 set a new high for the week @24600. This was also an Order-blog and the market turned out to be negative for the reminder of the week. On Friday, April 24th, the market set the low @ 23813. From this level the N50 gained into the Fibo-level of .618 @ 24297. The high was @ 24334; just shy above this zone. From here, an Order-blog (bearish) was established and pushed N50 to new lows on Thursday. April 30th @ 23824. So, in other words:“ it's bouncing in a shy range between some Order-blogs!“ What to expect for the coming week? Well, as to observe, the index has been caught in an Order-blog, and the chance is given, that this „OB“ turns out to push N50 weak for some days! There has been left one open target @ 24333 to 23283! But to get more negative, I'd like to see a bearish candle in the coming hours, which is not given yet! So, the situation is not clear to my view, and I recommend sideline before the fog clears from our eyes! Smart-money is not whiling to show their cards, as it is for now. And while this market is driven by news that are not fulled with economic data, the odds make it not easier to forecast! As before! Stay at sideline and watch the pattern and structure of the market! Than act and bite like a snake! Hard and without mercy! Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk