MARKET UPDATE

NIFTY is still holding its support of 17,950, but structure is pointing that we ideally would break that soon! As mentioned yesterday something have completed at yesterdays high of 18,179! But further conformation is needed to call it a TOP!
NIFTY BANK also seems ending this move, anyways it dint went above SEPTEMBER highs! Thought to write a seperate post on that, but quite short of TIME these days!
40,500 is a support on rising Geometrical Channel once taken down move towards 38,000 should unfold gradually! Sooner or later should move towards projected path which I shared in SEPTEMBER!
Coming to U.S. MARKETS now! Todays low whatever is made during the day, would be critical! If we get continues close below todays low that would make us conclude that bounce there has ended!
For NIFTY tomorrow’s TIME SQUARING date would be important! Whatever we are expecting, markets may validate from tomorrow! So let the screen conform then chase the move!