NIFTY UPDATE

“The proof of the pudding is in the eating.” A mouthwatering dessert can sit before us, and we can believe our efforts created something sensational. But we don’t know if we’ve succeeded until a process plays itself out. As July commences, it may be too soon to draw a conclusion that our primary view on MARKETS is wrong. We are fine with that, we wont hesitate to accept that as well, but for that next few days would be extremely critical in broader context. On 28th,june I allready posted my view on a possiblity of another failed breakout above (18,604). But what, if we are wrong on that? In that case we are just begining a major move on upside which wont end within 10,or,15% of move. There are certain STOCKS which are not showing signs of a CYCLE breakout. So we want to be more watchfull for next few days. As far as trades are concerned We would look to enter longs closer to (19,050) with stops below (18,884) on spot. We are likely to get a dipp may be until thursday or friday. 1 very important point we should understand is, if MARKETS have registered a CYCLE breakout then in near future, say for next 18 to 24 months, NIFTY would never give a daily close below (18,604) for now let’s look to buy dips, with stops,