NIFTY UPDATE

NIFTY; have given a PRICE conformation below 17,196 Today. But TIME is yet to confirm! That conformation will come when, MARKETS close below, Todays Low! That has to be seen, going forward!
This really matters for short-term! The entire complexity is only with the short-term setup, for slightly medium term, things are clear, that we are going back to JUNE lows, for (NIFTY)!
And even lower then that! But will take it, step by step! For short-term the cut-off point for NIFTY is 17,430 on spot!
We are expecting, hard test of JUNE lows, for (NIFTY,), That means, things would not be as easy as we want them to be, hens need to approach trades actively!
So focus on hedging your trades! Because 1,way trades wont work from here! In my TIME note shared last week, I mentioned week starting from 10th, will be very critical!
Going forward, there would be violent moves in U.S. MARKETS, that may bring unwarranted volatility in INDIAN MARKETS as well! So better to be prepared for that!
Nearest level which should break from hear is 17,000, on spot! Nothing wrong in hedging or adding some calls at this level, let things get, more clear, before we go aggressive!