NIFTY UPDATE

NIFTY broke the Support of 17,550 yesterday afternoon. But as mentioned yesterday no point going short on a INDEX who have a bullish TIME CYCLE. So as traders we only had the option of Coming out of our Long Trades. Which we did yesterday. It’s no longer a Trending Market on a single direction. Which would give us 800-1000 points of profit in a single Trade. So going forward look to secure small profits. NIFTY is in a range for now 17,200 on downside and 17,850 on upside. Which are important price points. Until NIFTY stays in this range better to prefer Intraday setup to trade for minor profits. Any meaningful swing trade opens only beyond the mentioned price points. Next week is very important because it would be the 7th week from December lows on NIFTY. And number 7 holds a greater significance in Gann,Theory. Already updated on a next Vibration time cycle date which is on Monday. So NIFTY getting in a critical area in TIME CYCLE next week. Until NIFTY deals with its TIME focus on Stocks.