- Since 2008, 3 times Nifty has given 4 quarters consecutive negative returns
- 1st - Jan 2008 to Dec 2008 - Nifty Range - 6357.1 - 2252.75
- 2nd - Jan 2011 to Dec 2011 - Nifty Range - 6181.05 - 4531.15
- 3rd - April 2015 to March 2016 - Nifty Range - 8844.8 - 6825.8
- Last quarter (July - Sept 2019) has given negative return. Nifty range 11981.75 -10637.15
- In last 11 years, whenever 2 red candles (quarterly) are formed, then same trend continues for 2 more quarters.
- Caution: If on 31st Dec. 2019, Nifty closes below 11515.20 then we might be heading for more fall in next 6 months.
Now the next Question how much NIFTY can fall?
1st Scenario - 25% Fall - Nifty Target of 8986
| 4 Quarter Fall cycle | High | Low | Difference | % fall from high |
| 1st | 6357.1 | 2252.75 | 4104.35 | 65% |
| 2nd | 6181.05 | 4531.15 | 1649.9 | 27% |
| 3rd | 8844.8 | 6825.8 | 2019 | 23% |
| 4th(In formation) | 11981.75 | 8986.313 | 2995.438 | 25% |
2nd Scenario - 20% Fall - Nifty Target of 9585
| 4 Quarter Fall cycle | High | Low | Difference | % fall from high |
| 1st | 6357.1 | 2252.75 | 4104.35 | 65% |
| 2nd | 6181.05 | 4531.15 | 1649.9 | 27% |
| 3rd | 8844.8 | 6825.8 | 2019 | 23% |
| 4th(In formation) | 11981.75 | 9585.4 | 2396.35 | 20% |
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