NIFTY UPDATE

Another week of gains for INDIAN EQUITIES Cornering all the concerns which are still moving around. Too good so far and it might continue this way as far as some critical support levels are held. Unfortunately for conservative trader like me option of selling the rallies doesn’t exist for now. If you are an Aggressive Trader then could consider buying the dipps but selling futures is not an appropriate trade for now. More the Markets move higher more vulnerable it is getting for a severe correction. Earlier we shall had escaped a large correction if we had a top around 17300 but testing 18000 on NIFTY has opened way for a significant correction. I know many of my frends might not agree with that and that’s understandable because the recent rally has created a great impact on several Investors and Analysts. Many have went in a zone where they are not concerned about anything. And it happens market forces you with its actions where you ignore the other side or direction. Everyone is so happy with the gains. But nobody is Intrested to take profits Investors are hopeful to take NIFTY to 20000. Well you never deny any Possiblities in Markets. But in Markets you need a realistic approach to make money and then maintain that money. Coming to the price now. 17570 to 17610 would be a strong support for this week. Until this level holds the rally will continue. On Time front 28th and 30th of Sep would be a weekly Vibration days. So approach this rally keeping supports in mind.