NIFTY as expected broke the BUDGET day low of (17,353) Today,
The manner in which (NIFTY) has broken down with (VIX) still under 16 is highly BEARISH and this also keeps MARKET significantly away from any meaningful BOTTOM !
PRICE have achieved it’s near-term objectives,
but TIME is still BEARISH,
even if we take very-short-term view then also CYCLES are likely to remain BEARISH at-least till FRIDAY.
price wise I,would be watching level of (17,320) on closing basis a sustained daily close below (17,320) will expand the range lower all-the-way down till (16,850) on spot,
all upsides must be utilized to to add or create shorts.
!
NIFTY UPDATE
Published
gann,insides 