NIFTY UPDATE

NIFTY had an Intresting Last week. Where we had a Weekly Low on Monday and a Weekly High on Friday. Since this Happened after a sharp correction it has a greater significance. Last week I mentioned 3 Points. 1 Avoid going short on NIFTY until and Unless the Low of 29th November is held on spot. 2 To get an early Indication for a Base formation NIFTY needs a daily close above 17325. Which we got. And 3 NIFTY needs to cross 17450 to give a Breakout. On Friday we crossed the level of 17450 but it found it tough to sustain above the breakout point. Hens the price fell after testing the zone. For this week NIFTY Meeds to consolidate in a range of 16950 on downside and 17450 on Upside. We Have 2 Vibration Dates this week first on Monday and other on Friday. The Price Structure still remains positive as long as the zone of 16950/17150 is Protected. NIFTY is yet to complete the Process of Bottom confirmation. So until that process completes we need to stay more watchful specially with Overnight Positions. On Time front there is Weekly TIME SQUARING happening on the week starting from 13th December 2021. And 1 more harmonic time cycle ending during the week starting from 20th Dec. So stay on the edge of your seat. We are ready to fly if some how NIFTY manages to protect November 29th low.