NIFTY got that anticipated pullback towards its support of 20,930 on spot.
We were expecting INDEX to make a tradable TOP until it would had stayed under 21,623,
with yesterday’s high of 21,593 we probably got that.
going forward INDEX have a very strong PATTERN support at 20,930,
a break of 20,930 can drag PRICES further towards 20,710.
for now we are watching 20,930 very closely as a major support.
We are still no where near a BEARISH sinario on TIME front atleast.
until 5th,January which is next PRICE-TIME-SQUARING date I would prefer this pullback only as a temporary cause after 5th we would have multiple options to work with.
NIFTY UPDATE
Published
gann,insides 