NIFTY UPDATE

NIFTY is in midst of a very critical week according to TIME CYCLES,
we discussed on it on FRIDAY.
So far we have seen volatility picking up,
also NIFTY making fresh highs,
and BROADER MARKETS selling off very sharply on Tuesday.
Today also is a key CYCLE date so for extreme short term MARKET should avoid a daily close below todays intraday low.
Beyond short term,
this weeks low would be extremely important for overall MARKET structure.
We allready discussed the importance of this week on last friday.
Above this weeks low things are about to stay strong particularly for NIFTY.
For MIDCAPS and SMALLCAPS yesterdays low would be key.
holding yesterdays low,
both INDICES could make fresh higher highs above 41686 and 13079 respectively.
and that possibly would be the final high for 2023 and also better part of 2024.
The rally in BROADER MARKETS is approaching its final stage.
For NIFTY earlier we never said that 19991 is a major TOP,
we always emphasized on the word (pullback) which we were expecting to test 19140 and 18975 but it ended slightly above 19140.
Global markets have been very calm lately,
S&P have protected 4430 so far,
so there are no challenges for NIFTY,
If 4430 breaks then better to check long trades on NIFTY.