NIFTY UPDATE

NIFTY is likely to end 2023 at a POSITIVE note.
As we have been discussing here for few days now that until 5th,JANUARY there are no CYCLE DAYS,
so until then we could see MARKETS consolidate with a BULLISH bias till 5th,and after 5th we would have much better idea on next direction to initiate fresh trades.
There are multiple CYCLES which are going to aline next year from 5th,JANUARY to 25th,MARCH.
So there would be significant Trading apportunities for us as TRADERS.
For now this is not a TIME to get pro-active and commit to major trades.
LOW participation and thin VOLUMES are anyways not going to trigger anything meaningful on INDICES.
PATTERN supports on NIFTY have shifted higher from 20,930 to 21,057 on spot.

So as long as 21,057 holds on closing basis the view has to be BULLISH.
Further PRICE extensions are placed above 21,623.
Watch out for VIX very closely.
A monthly close above 13.02 would indicate 27 going ahead.