NIFTY UPDATE

NIFTY protected the DECEMBER low of 17,774, so on expected lines PRICES are likely to test CHANNEL mid point, which comes at 18,300 on spot. (VIBRATION PATTERN) for (NIFTY) too is suggesting level of 18,275 on upside. So for few days, setup is (BULLISH)!
This is likely to be a misleading upmove in context of overall structure. Once this upside is done, we are likely to witness a waterfall decline which would be very sharp. Let’s see for now trades are for upside!

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