Small Update on Markets

Because the TIME is positive the idea on Friday afternoon was to buy on dipps. We already are up 180 points from there today. Fresh positions should only be taken on dipps. Markets are poised in such a way that if you dont manage your positions properly you would be hit very hard. As posted last week 1st half of this week would be fine be watchful in the 2nd half. Because the markets would face the combination of Vibration and Harmonic days later in the week. So far no signs of any reversal so avoid any short trade for now. Only long trade possible that too on dipps.

NIFTY Completing Cycle Target

NIFTY continued the journey of new highs. On friday it achieved the target of 15000 on spot. And today it went pass the level of 15100 as well. Currently the trend is very strong and it would remain strong as long as the level of 14800 is held. So far NIFTY has protected the cycle supports and has carried on the momentum on upside. At this point cycle support stands at 14800 for near term and would move higher once 15220 breaks on upside. Dont go against the trend until market gives the definite indication of correction or reversal. Till then as I said last week. Enjoy the rally.