NIFTY UPDATE

NIFTY is completing best possible Targets for this extended pullback. That’s easy to say that we have Hedged our shorts so this weeks upmove has not hurted us much on M-TO-M basis. But we do not hesitate to accept that it has went pass all our expectations just to protect our trades from such sharp upmoves we had decided to hedge our Trades. These are TIMES where your patience and faith is tested on your Trading System. Particularly if view is based on TIME CYCLES then it doesn’t changes watching the price. Because price was never in the equation. TIME have it’s own speed which stays constant so it’s the price which has to aline. In simple terms in directional trades it’s always the TIME which is reliable over price. For now you may find it tough to understand. Wait for few weeks you may get my point. We all are here to stay. Would again like to re-cal what I said on Monday. (Prices may pretend that they are reversing but actually the fall is far from over) Standing Today it takes good amount of courage to say that the low of 15,671 on NIFTY is not going to hold. Whether that breaks in 3 weeks or 6 weeks that’s the only question. But that’s breaking. Our primary focus has always been on weeks and months, we are not interested in days for now. We shall focus on dates starting next week. Because in next week we have multiple TIME CYCLE dates. Specially 21st and 23rd March would be very important. As far as price is concerned better to wait for stability after back to back gap-ups. On stocks also we would wait until vibration and harmonic supports are broken. We plan to add another lot on short side closer to 17,400 on spot. But would wait till next week. Tom anyways is a Trading Holiday.