NIFTY50.....Forecast on path! Next target area 21743 points?Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 was down 295 points or -1.28% for the week! That was inline with my expectations. As I wrote before, the odds favor a decline to the area around 21743 points (large rectangle), possible with a spike down by ~100 points or so. The last „Fair-value-gap“ was processed, the path is still down, i. e. weakening price action. The bulls need a price-level above the 23862 area on a closing price basis to clear the bullish view. Indicators (RSI+Momentum, both 7) indicates also declining price, but due to that times, with a polititian leader that might be seems confused, forecasting price is still a challenge! Overall to say. As long as the US/Iran war is still going on, this scenario has the power to make the markets collapsing. Notice! This analyze is still trying to „clear“ the fog to our view. But this can only be a vague attempt to do so! I recommend sideline! For those who want to trade the market! Any bullish pullback is still a chance to short the market! Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk