NIFTY UPDATE

NIFTY would stay under the shadow of uncertainty as long as it stays below the zone of 17750/17850 on spot. The low we made on 23rd November would be of greater significance. Not only Price wise but Time wise as well. So a genuine short trade would open only below 17200. On Time front next week 29th and 30th Nov would be Vibration dates. For now NIFTY trying its level best to test the upper zone of the range.

INFY View

INFY. At a sensitive spot in a Price Channel. For Medium Term it has to hold the zone of 1650 to 1680 on cash to test the levels of 1940 and 2080. Short term breakout here is placed only above 1772 for Targets of 1827&1887 Positionally. Conservative Traders be watchful.

MARKET UPDATE

NIFTY not ready to give a daily close beyond last Fridays range. So things are where they were. No trend either side as of now. Next major date coming up on Friday. NIFTY still have very strong support in the zone of 17700 to 17800 on spot. On upside 18300 would be a very strong resistance. NIFTY BANK is a Pain Point of this market.. 37700 to 38000 on spot is a point where it should stabilise. Conserne only if these support levels breaks. Until that happens all is well.

INDIA AND US MARKET UPDATE

NIFTY has given a strong bounce from the support level of 17800. But continues retesting of Supports is making things complicated for short term. A sell trade is not going to work until NIFTY breaks and sustain below 17750 on spot. Vibration setup is neutral as of now. On TIME Front today is an Critical Vibration Date so Todays High and Low would be of greater significance. A daily close beyond Todays range would set the tone for next move. And this ruld would be applicable for Global Markets as well. Lastly a word on US MARKETS. With all respect to Analyst Community around the World I feel 2 or 3% dipp from Top should not be considered as a Point of Conserne. It’s rather an opportunity. I still maintain my Targets on all 3 INDICES which I shared on 19th of July 2021.