NIFTY UPDATE

NIFTY probably is approaching the max-projections on upside, to resume next leg lower spot have to break 17,200,
As long as market stays above 17,200 the next leg lower would have to wait to unfold.
In short-term let the MARKETS do what they are doing,
We are more focused on the MEDIUM TERM picture, and MARKETS are approaching a now or never moment for BEARISH PATTERNS which have to play out within this Quarter.
This Quarter has just began so lets see,
Next 12 weeks would be very interesting.
TIME wise we are expecting a Trending move after 11th,APRIL.
until 11th, markets can consolidate at higher levels.
Watch out for Volatility Index at 12 there is high level of calmness in MARKETS and that is going to add max pressure in days ahead.
U.S. MARKETS too are getting to terminal point on upside expect some downside there from Today.