NIFTY UPDATE

The Pull:back continues in (NIFTY). Moving Trailing:stops higher from 17,090 to 17,220 on Spot! Short-term setup now would turn week below 17,220. In case the pull:back extends further till 17,700 then would prefer a short trade on (April Futures) NIFTY still have to complete its unfinished business of achieving the (HARMONIC CHANNEL) Target of 16,550 and breaking its low of 16,410 made in December. For Option Traders
Working in short term. Look to avoid buying options who have delta above 0.5
Intraday guys also avoid selling options. Markets are going to stay volatile and volatility would continue to increase.

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