NIFTY UPDATE

NIFTY is still consolidating nothing major have shifted in over all structure since what we discussed 2 days back. Simillar view stands for (NIFTY BANK) as well. Because we trade in quarterly OPTIONS so there is no such pressure of TIME to get Targets in immediate term !
We can wait for medium term patterns to play out. Since mid DECEMBER we have relied on short term TIME CYCLES to evaluate high intensity moves which mostly were on downside. We mark key CYCLE dates for that evaluation
we are getting 1,such date on monday watch out for a daily high and low of monday, a daily close below mondays low would trigger for a rapid and sudden selloff in markets. Things are balanced until that happens. (NIFTY) is on it’s way towards JUNE lows in 3 months TIME FRAME from here but there would be some temparary pauses, with VIX at 12 we are getting PUTS for penny and we are capitalizing on that !