NIFTY UPDATE

NIFTY, is Playing mind games with Traderes. Today was the 6th consequent gap on alternate side. So not a rocket science what to expect tomorrow. But wait is it that simple! Jokes apart, couple of weeks back has mentioned, to avoid STBT or BTST Trades on INDEX. Those who followed, have negotiated with volatility well. There is a clear short Trade on NIFTY since 6th,APRIL. But everyone is more Intrested in catching daily moves.. no one is intrested to trade patterns. Everyone is hopeful that INDEX managers would take NIFTY to new highs. Unfortunately that’s not going to happen. Since Mid MARCH we had been very clear with our bearish view. 1 point which we mentioned repeatedly was, the March low of 15671 is not going to hold on NIFTY. Somewhere in june we should break it. And move towards 14400 gradually We have taken and suggested positions accordingly. NIFTY is lightly to vitnes rally failures. So upmoves would come and go. There are traders on other side as well so need to respect them. Eventually market would follow Natural Cycles.