MARKET UPDATE

NIFTY maintaining safe distance from 17,400, the level which we had been focusing on since last week! More time NIFTY stays above 17,400 more it would keep everyone convinced, that it has made a solid base at 17,100
But for now keep chasing the short-term moves!”
As I posted on friday, tactically don’t short this market until 17,400 is not taken down
Every passing day is making this level more stronger! So as traders you have absolute clarity what is possible as long as NIFTY stays above this level!”
There are multiple patterns which are playing out at current levels, in INDIA and U.S.
Both are moving parallel, so INTER-MARKET co-relations have gone horribly wrong since the start of previous week! Let’s avoid macro factors for now!”
Technically INDIA is playing out slightly different pattern from other markets
The end result would certainly end up on negative side for markets
But until cycles sinks these markets can keep moving on parallel tracks!
NIFTY BANK have gone above the august highs
NIFTY also can take out August high of 17,992
Just have to full-fill 1 TIME criteria of, a daily close above tomorrow’s high
Since tomorrow is a VIBRATION DATE, the HIGH&LOW of tomorrow would be very critical!”
The real game of fire would begin from week: starting from 12th,september
From 12th as trader you have to take a stand on markets what would be the next move
Everything would be on edge from 12th
Avoid writing OPTIONS specially PUTS: rest what happens, let’s see!”