NIFTY UPDATE

NIFTY still have that positivity in (TIME) till 18th,NOVEMBER, as posted in previous week. PRICE wont matter till Friday, PRICE can travel anywhere between 18,550-18,750 on spot. But the cut off point from here is 18,259 on closing basis. A daily close below 18,259 would neutralised the setup!
On TIME front from 21st,NOVEMBER we would start Looking for reversal, not before that. 3 more days to go let’s see how far this goes!
Personally have started to add long dated (PUT OPTIONS). But for now positions are light, further positions would be added only when TIME and PRICE both conformed reversal. Yes, we do anticipate that to happen,
Still would wait to see, how things shapes up from next Monday! Because the number of CYCLES which would complete till this Friday would certainly trigger some degree of reversal in PRICE.