NIFTY UPDATE

Critical week for MARKETS. Today is Equinox so that’s Important. But more Important date is 23rd,MARCH. Watch out for 23rd,MARCH low on STOCKS and INDICES, A close below 23rd low would sincronise the PRICE with TIME on downside. NIFTY is Trading in zone of 17,250-17,450 This zone is a tricky zone. Just like U.S. MARKETS: NIFTY also Intends to experience a Price rejection which once get completes would make things nasty for Investors. Price rejection is more destructive pattern then a Range breakdown. So do watch out how it would unfold in coming days. For very short-term 17,000-17,170 would be a support on spot. Let’s see how long it takes for markets to break it’s near term supports. We still have preserved our move to add more shorts. Yes we exited hedged calls which protected us during this pullback. We still would look to edgest our trades if NIFTY goes above 17,450 on spot.