its ANNIVERSARY DATE for NIFTY from 2023 LOW!
NIFTY yesterday broke the all important support of 21,800 on intraday basis but failed to close below that! On technical basis a close is required for added conformation! as I have been very clear that this support will break and MARKETS are going towards JANUARY lows on LARGE CAP INDICES that view is very much intact! obviously that would take some TIME so if you cannot wait in cash part of your profits and reenter again on higher levels!
more then direction your TIME/FRAME is going to matter as a TRADER!
If you are someone who have capitalized on this recent 700 points decline from high of 22526 then a bounce of 200 to 300 pts shouldn’t bother you but if you have been short since 22100 then look to secure your profits! it’s certain that INDICES in next few weeks are headed much lower but keeping that fact in mind we would have to deal with short term volatility and have to strategize accordingly!
I have been selling calls and that trade have worked considerably well! Very soon I would share that trade which I gave to subscribers on 1st of MARCH when MARKETS went up crazily!
FOMC MEAT finally can push U-S-INDICES out of their consolidation!
S&P is consolidating in 80 point band since last 10 days this cannot last forever! todays EVENT should finally trigger a large move! 5050 on downside is absolutely critical as long as that’s holding TOP cannot be confirmed! dispite a potential PRICE and TIME square TOP cannot be confirmed until 5050 breaks on downside!
expecting that to break soon! with or without a new high! critical seasonal date today as well! EQUINOX always matters for WALL STREET!
gann,insides 