Nifty Spot

Below is the chart of NS wherein.... it has been beautifully with the Parallel Channel marked in RED for the past 3-4 months and the Subsequent ENDING DIAGONAL marked in BLACK. We have a situation currently primarily because of GEO-POLITICAL risks which will either Render a SOLID COUNTER MOVE UPWARDS or we will carry on Falling until @ in my view up to 20700 give or take 200 points. The upper levels and the Lower levels have been marked uout as retracements on a DAILY basis ONLY because Hourly levels have already given way to the downside with NO RETRACEMENT holding