NIFTY UPDATE

NIFTY yesterday dramatically tested 21,450,
but the immediate reaction after testing that support was strong.
So PRICE PATTERNS are still in a better shape.
No weekness atleast on PRICE front.
INDEX has been consolidating since last 10,days,
without breaking its supports.
Although MARKET have sustained below FRIDAYS LOW which have turned near-term TIME CYCLES BEARISH but so far a failure go through its supports is unlikely to produce a meaningfull TRADE.
As I have been highlighting since several days,
A perfect short trade is on offer below 21,300-21,450 zone.
Need to wait until that happens.
On upside 21,834 is a key level to cross once that gets taken away levels of 22,000 and 22,090 could be tested.