NIFTY UPDATE

NIFTY is running out of TIME, if there has to be a rally towards 18,300 then it must happen quickly else some more consolidation here would lead to a rapid move on downside. Things are very CHOPY for (NIFTY) but in next week we do expect a Trending move, because next week would be very Important specially 23rd and 27th,January would be a decisive CYCLE DATE for (NIFTY) On 23rd,January (NIFTY) will hit, 1X1 TIME ANGLE from DECEMBER 1st, High.
On 27th,January we have (TIME SQUARING DATE) for all MARKETS. Let’s see, TIME has arrived to stay on edge, also keep an eye on VIX Expecting VIX to print 18 within few days. Plenty of diversions are visible between (NIFTY), (NIFTY BANK) and (INDIA VIX) not a tough job to figure out how this would end. MARKET is setting up for a significant move, and we expect that move would be on downside. Let’s see, once we close below 17,980 upside probability should reduce rapidly!