NIFTY UPDATE

NIFTY, is going through a Timely and healthy consolidation before next move
All,though I expect next move to unfold on downside
But for very short,term as far as NIFTY, holds above 16,000 level of 16,400 is very much possible
But 16,400 is subject to certain conditions so it may or may not come
Another factor which I am keenly watching is the bounce in U.S. MARKETS, for me it’s too slow and narrow
I expected S&P, to test around 3960, it went till 3918
Let’s see whether it completes or falls short
Next TIME INDICATION for this market would come on Friday, which would be a VIBRATION DATE
Expecting a Trending move from next week
I have slowly started to add September puts
Watching closely whether markets turn from here or from slightly higher
Downside is imminent for this markets, only point is from where it start to fall
Thrilling times ahead
Let’s see how it goes