NIFTY IN WYCKOFF DISTRIBUTION S&P CNX NIFTY INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NSE:NIFTY1! drchsantosh Nifty first became overbought in the primary trend channel and now in distribution phase of wyckoff cycle. All the components of distribution phase are labelled. PSY = Primary Supply BC = Buying Climax AR = Automatic reaction ST = SEcondary test SOW = Sign of weakness UTAD = Upper thrust after distribution