NIFTY UPDATE

NIFTY got a breakaway GAP today which can put temporary breaks on ongoing trend.
To avoid that,
todays GAP needs to be filled till tomorrow.
For overall technical structure,
We have to refer the PRICE range of previous week.
Since past week was very significant for our MARKETS,
We would require a weekly close, above or below previous weeks high or low.
Until we get that,
the overall direction is likely to stay sideways on TIME front.
So for now we have this 400 points range to trade.
19,800-20,200 is the range for now.

a break on either side would trigger a trending move in that direction.
FRIDAY is a key CYCLE date,
Expecting a directional move to set in from FRIDAY.
19800 is also a key pattern support.
If that breaks a decline towards 19591 and 19391 would open up on spot.
Let’s see,
I think exiting days are coming back for INDEX OPTION buyers.