NIFTY UPDATE

NIFTY did almost nothing throughout the whole week so far.
We were expecting markets to consolidate for the 1st,half of this week, during this consolidation several pockets of MARKET have developed signs of weekness.
On 7th,AUGUST we shared 2,important TIME CYCLE dates which were 11th, and 14th,august, markets are getting there,
Let’s see how PRICE respond tomorrow and on MONDAY.
As discussed earlier, we are expecting NIFTY to decline till (19,140) on spot, as early as 18th,august.
Activity should pick up from TOMORROW in case the markets rally TOM, we wont hesitate to re-initiate shorts.
Along with PRICE and TIME, cross-asset equations are also hinting towards a risk-off for EQUITY MARKETS.
We are watching BRENT and DXY very closely, a higher high above 91 on BRENT and 103 on DXY would signal a massive rally in days ahead.
USD-INR too above 83.10 will resume the long pending move towards 85 and 87.
Coming back to NIFTY now, as of now we are not expecting a waterfall decline,
because every other day there is expiry of some index which triggers sharp moves in final 45,minutes of trade.
So we have to manage our trades keeping that volatility in mind.