NIFTY - AN ANALYSIS

Nifty has broken the Monthly channel support at 5300 levels desicively - a clear indication of more lower levels to follow.

As per the Monthly bullish Shark pattern -
BULLISH Shark Pattern:
O-X - 4770 - 6112
A - 5447 - 50%  RETR OFOX5441
B  - 6229 - approx -113% - 127% of XA
Proj for C:
113% - 5379.2 - DONE
127% - 5273.9
141.4% - 5165.6
161.8% - 5012

The targets for the patterns are either