NIFTY UPDATE

NIFTY if going forward sustains above 21,623 then our objective of INDEX making a tradable TOP would hold incorrect.
We were looking for a pullback towards support of 20,930 but that’s unlikely to happen if 21,623 has been taken away.
TIME wise since major low registerd in OCTOBER INDEX have successfully held its intraday LOWS whether it was 3rd,NOVEMBER
17th,NOVEMBER or 13th,DECEMBER the rally kept getting more powerful from Intraday LOWS of these dates.
I earlier shared these dates much in advance,
next such date would come again on 5th of january,
So we could see this rally extending higher above 21,623 till 5th.
Even if prices fall before 5th that still wont be BEARISH.
TIME wise INDEX have to chop around high and low of 5th to attempt a turn lower.