DURING THE WEEK GONE BY, NIFTY SPOT MADE A HIGH OF 6869, LOW OF 6772 & CLOSED AT 6782 VERY NEAR THE LOWEST POINT OF THE WEEK WHICH IS NOT AT ALL A HEALTHY SIGN FOR NIFTY. MORE ALARMING IS THE FACT THAT THE HIGH, LOW & THE CLOSING OF THE WEEK NEAR THE LOWEST POINT WAS ALL ON THE SAME DAY ON FRIDAY 25TH APRIL. THE PREVIOUS WEEKLY CANDLE FOR THE WEEK ENDING 17TH APRIL WAS A RED HAMMER THAT HAD MADE AN INSIDE CANDLE TO ITS PREVIOUS WEEK ENDING 11TH APRIL WEEKLY CANDLE. HOWEVER THIS WEEKS DANGEROUS CANDLE IN THE FORM OF A WEEKLY RED SHOOTING STAR IS NOT AT ALL AN ENCOURAGING SIGN FOR THE BULLS WHO HAVE BEEN ACCUMULATING LONG POSITIONS & WITH IT WRITING 6900 & 7000 CALLS TO HEDGE THE LONG NIFTY. MOST LIKELY NIFTY IS SET TO SLIDE FURTHER DEFYING THE MODI WAVE SPURT WHICH LOOKS SOME WHAT SATURATED AS OF NOW. HOWEVER THE SLIDE FOR A COUPLE OF DAYS MUST BE TAKEN AS A GOD SENT OPPORTUNITY FOR THE ONES WHO HAD MISSED