NIFTY UPDATE

NIFTY the PRICE-ACTION since MONDAYS high has potential to generate a meaningful pullback in Coming days.
, As I highlighted in last week’ this is a very critical week and especially 5th,JANUARY would be the most Important CYCLE DATE.
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, The intraday LOW of 5th,JAN is going to be a key reference point for the entire month.
, I also mentioned earlier that JANUARY is not going to be an easy month for MARKETS.
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, In case MARKETS trades below FRIDAYS LOW,
, that would open up a genuine possiblity for a rapid decline in very near future. On PRICE front significant supports are placed in zone of 21,300-21,450 on spot.
, 21,450 is a VIBRATION PATTERN support,
, 21,360 is a HARMONIC PATTERN support,
, and 21,300 is a 90° angle from MONDAYS high.
, So far since late OCTOBER NIFTY have not given a daily close
below its HARMONIC PATTERN support.
, So if INDEX sustain below 21,360 going forward then that would further solidify the probablity for a meaningfull pullback in Coming days.
, We are anyways getting closer to PRICE&TIME alinement,
, still wait for levels to break.
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