NIFTY UPDATE

NIFTY. Looking to stabilise at current levels. Now when both the Vibration dates are behind us. We can expect market to calm down a bit. As I mentioned on Monday Trading Indices won’t be an easy job. And it gave counter moves on both sides as expected. So going forward better to Trade NIFTY with thin Volumes. A decent Long Trade would open only above 17450 on spot. For the Targets of 17620 and 17780. Would prefer to avoid shorts as long as Mondays Low is held. Expect deep cuts once NIFTY SPOT breaks Mondays low. The first sign of base formation would come only if we close above 17325 on NIFTY. Markets in UNITED STATES are at critical supports next 3 days would be important here.

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