What Next on NIFTY Now

NIFTY today achieved the Target of 16200 on spot. The level which was shared repeatedly by me in my weekly updates since last 2 months. If you had been following this space
Then you are well aware on my Positive stand on overall market. Several times in past I mentioned the Importance of 16200. So wont repeat that again. Now what’s next from here that’s an obvious question! On vibration setup near term challenge lies in the zone of 16400 to 16650 on spot. Till then no real challenge is visible. But if we go a step further and understand what the Rectangle Pattern is suggesting us. Then it’s clear that NIFTY is testing 17000 in next few month. Mark this level on your charts. Short term volatility is part of this Game. But keep System Distancing from shorting the INDEX. Keep a neutral stand on NIFTY BANK until 36100 is crossed on upside.