NIFTY UPDATE

NIFTY, is at a point where anyone can think what HE or SHE wants to think. Because MARKET wont challenge your view, there is nothing happening, which puts BULLISH or BEARISH arguments under any question. There is something for both camps.
Every time NIFTY goes up, we anticipate a move towards 18,300 which is the mid point of CHANNEL, but MARKET disappointed us twice during the month, let’s see this TIME. MARKET is taking extra-ordinary TIME to move, this may be happening due to EXPIRY or BUDGET, but Technically this is a week market which should be sold on rally till 18,300 or 18,370 max. As long as 17,850-18,000 Zone is held on spot the BULLISH narratives would continue to persist.
Last week we highlighted 2,critical dates for this week, 1 of them was yesterdays date, so TIME wise NIFTY have to sustain below yesterdays low. Next date is 27th, let’s see.