NIFTY UPDATE

NIFTY; is struggling to move higher, but not able to go lower as well! Short term (TIME CYCLES) are neutral as of now, a break of 17,850 can push prices higher above 18,050 on spot! On downside strong support is at 17,550 followed by 17,400 which continues to be a critical level!
U.S. MARKET have not completed its pullback Technically, so (NIFTY) May not match their upside, but can under;perform on relative basis! Anyways (NIFTY) have under;performed $S&P;500 Since last week! So better not to enjoy watching over;night futures!
We are not in a Trending Market, hens trades has to be taken wisely! The larger trading opportunity will come when (U.S. MARKETS) completes their pullback, but until that completes, the 1 or 2 days of correction there, would add more pressure here!
Its obvious that people have again started to hope for fresh 52,week highs on INDICES, Anyways it’s just a number for me, not that easy to go there, and on Phlip side if 17,400 breaks, then it’s very unlikely! So no matter what you think, (but trade tactically),!