NIFTY UPDATE

NIFTY getting that natural upmove which was due after last weeks selloff. On upside zone of 18,040-18,060 would be very critical if taken out this bounce can extend upto 18,250 approximately, before next leg down resumes. On TIME front we have 2,very important CYCLE dates during the week.
Which would be on 28th and 30th,DECEMBER. These are very important dates from SEPTEMBER 30th low and DECEMBER 1st high so need to watch this very closely. Next leg lower would be very fast, but before that let’s see where this bounce ends!

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