NIFTY UPDATE

NIFTY gets a thrust higher with a GAP,
but because this GAP has happened after the break of 20,850 that could possibly put INDEX in a TOPPING process.
obviously the process would take its TIME to complete but yesterday we did got initial indications for that.
So better not to expect another 500-700 points immediately.
Need to stay cautious here,
but that doesn’t mean to attempt a short.
atleast not until support levels are broken.
PRICE supports now have shifted higher from 20,691 to 20,920 on spot.
TIME support dispite a break continues to stay at 20,850,
if the equality level of 21,048 is breaking then that would be the 1st,sign of weekness.
things are fine above that.