NIFTY; bounced exactly from TIME PATTERN support of 17,348-17356 which was mentioned yesterday. Last Friday I mentioned that, this dipp has to take down top of previous HARMONIC CYCLE WHICH was 17,356 NIFTY today have done that!” Good part is volatility is back. So 200-300 points swings are back. Stay away, if you cannot handle this volatility. Because this is here to stay!”
NIFTY is on a vurge of a SQUARING PATTERN breakdown. Not confirmed yet; today’s closing if happens below 17,550, then it will conform. Let’s wait!”
Today also being a PATTERN DATE, HARMONIC TIME CYCLES are pointing towards more pain ahead! Sharp bounces would always on cards, but this time, keeping with TIME direction
Need to keep more flexible approach!
