NIFTY UPDATE

NIFTY, with todays gap down has neutralized the strong setup. 1 gap down doesn’t change everything but yes, need to be watchful. The TIME for now is not supportive for a short trade as I explained on Monday. To me the counter bounce still looks incomplete. The squaring pattern and Hexagon pattern for NIFTY is trending positive so would wait for couple of days more to review my setup. Till then things remains same for me. Would update on changes.

Leave a comment