NIFTY UPDATE

NIFTY with the exceed of (17,863) have pushed up PRICE breakdown point. Earlier breakdown was placed in the zone of (17,424-17,491) on spot, with todays move the levels have shifted higher to (17,550-17,650). Other then this nothing has changed. This certainly would not go well with the majority but we do have certain reasons to continue with our BEARISH view. The only thing which is holding up is breakdown point, PRICE have managed to hold its supports, once that breaks mentioned levels, we are likely to enter the phase of furious move on downside. So ideally we should break those support level next week. From tomorrow MARKET’S are entering very strong TIME window till 8th,MAY. Once these supports goes we shall witness TIME and PRICE breakdown. Global Markets as expected earlier have turned lower and have confirm their TOP. NIFTY is bit late but that too would turn down along with other MARKETS. Lets see, interesting days ahead.