NIFTY UPDATE

NIFTY: is still moving around OCTOBER,19th high! Since we are looking for reversal, 1st important signal which is required is a daily close below 17,472 which was the low of (TIME;SQUARING;DATE), need to wait, until that happens!
No short trade till then! On PRICE front, supports have moved higher to 17,400 from 17,200 on spot! As posted on wednesday there is no hurry to go short! Let market turn, because when it will turn there will be a TRADE for the quarter!
U.S. MARKET is at a make or break point today! TIME WISE it also have to make a strong move either today, or on 25th,OCTOBER! Don’t want to say much about that, only thing will say is, be prepared for all probabilities! Eliminate the word (SURPRISE) for few days!
There are no doubts that MARKETS will not go down! Only point is, in short term there are not enough indications to go short! I am not in a hurry to call a top! Will like to wait until 17,400 breaks!
Few Trading Holidays next week, so majority of action will happen with (GAPS), will end it here with festival greetings to everyone! Plenty to look for, from next week!