NIFTY have less then 48 hours to achieve our upside target objective of 22,325 on spot.
it cannot go on this way any more.
its baffling at the same time quiet hilarious that we are not getting even a 100 points of move on 1 direction.
Let’s see whether month end flows or MSCI rebalancing helps us to get those targets or not.
MONDAY was an important CYCLE DATE as we discussed earlier.
So as long as MONDAYS LOW holds on closing basis overall setup is likely to stay sideways to up.
Only a close below MONDAYS LOW would turn the setup BEARISH.
NIFTY BANK should be a key INDEX to track.
A print of 46,100 on cash would be a BEARISH sign.
A case for a waterfall decline could actually open up below that.
Watch out very closely.
RELIANCE should avoid the print of 2900 else entire NIFTY could feel the pain.
Things are approaching border lines critical 4 hours for MARKETS.
gann,insides 