NIFTY UPDATE

NIFTY have a critical TIME CYCLE DATE Today. A daily close below Todays low would continue to keep short term CYCLES Bearish, PRICE anyways is just under-going a Technical bounce which is absolutely normal. On upside, as we discussed earlier this bounce can extend till 18,250, or slightly higher then that, but that really doesn’t changes anything. Even at current levels I would like to re-position myself on short side for positional Target of 17,578 which is coming from not only HEXAGON PATTERN, but from SQUARING PATTERN as well.
I do expect this level somewhere in JANUARY, for very short term we need a daily close below Todays Low to end this rally. There are few quarterly INDEX re-balancing which would take place Tomorrow that would have some impact on PRICES. But that wont change the structure!