NIFTY UPDATE

NIFTY have inched up gradually, hopefully we would have that opportunity to re-test the CHANNEL midpoint at 18,300 and add fresh SHORTS there. There is slight resistance at 18,145 on spot,above that it should go through.
Later today we would get more clarity On near term setup for U.S. MARKETS. Because MARKETS are facing an important CYCLE date. We should get few answers tonight, such as how long it can take for a hard turn lower. Watch out.

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