NIFTY dispite todays upmove continues to stay HIGHLY BEARISH on PATTERN front.
TOMORROWS session would be very intresting,
post CPI print I am expecting very sharp cuts on all U-S-INDICES.
WHICH would result in a decent GAP-DOWN tomorrow in our MARKET.
Technically as long as spot stays under 21,860 setup for very short term would stay absolutely BEARISH for targets of 21,400 and 21,150.
BANKING INDEX is bluffing that would be the first to break below january low.
If things does not go on expected lines then also until 26th,february or likely before that we anyway should get 21,150 on our screens.
So I am very much clear on that.
Let’s se how things actually unfolds during next 24 hours.
gann,insides 