MARKET UPDATE

The way; NIFTY BANK is moving since morning: from 700 down to 800 up,then again 600 down
Followed by another recovery is good enough to disturb option writers
Dispite of all such yo-yo NIFTY have managed to protect 17,400 so far!”
Let’s mark levels precisely
Between 17,400-18,000 this yo-yo will continue
Below 17,400 weakness persists
And above 18,000 strength will prevail
Manage your risk, that’s the only way to servive in this market!”
Sticking to our long term objectives
Any longs should only be limited to INDEX
No trades on stocks until setup flushes out the last BEAR on street
Market will play out very dangerous pattern if it takes out 18,000
But who cares!! Let’s see!”