NIFTY UPDATE

As I posted yesterday,NIFTY needs to clear its PATTERN resistance zone to stabilise. But it failed to do that and kept continuing its drive on downside! PATTERNS have expanded further on downside. We have carried shorts since level of 18,140 broke on Tuesday! Now Trailing stops have moved down to 17770 on spot. No intentions to add new positions. Would avoid Large,Caps for now:Infact looking opportunities to take positions in Cash,Market Stocks! The move in U.S. Markets also is bit over due,so watch,out for some pull,back there! Already posted on time yesterday! So better be sensible with your trades!

NIFTY UPDATE

Go easy on NIFTY. Patterns which earlier kept expanding on upside;now they are continuing their Expansion on downside! Tomorrow is a HARMONIC,DATE and next week would be a VIBRATION,WEEK for INDIAN MARKETS:This week was critical for U.S. MARKETS we already saw a significant,move there on downside! Better not to take aggressive shorts before a VIBRATION,WEEK and an event of BUDGET! NIFTY have a breakout placed above 18,022/18,066 on spot. Watch,out for that on upside! If NIFTY fails to cross the zone on upside it could test 17,655 on downside!

NIFTY UPDATE

NIFTY,Broke 18,000. Which was expected! The TRIANGLE showed it yesterday,afternoon. Going forward avoid longs for now. At least until NIFTY stays below 18200 on spot! After a massive rally allow the market to cool,off. The PATTERNS are bit tricky now! Watch,out for 17800 on downside. Which is a SQUARING,PATTERN support on closing basis. The pain could extend below that!

MARKET UPDATE

TOMORROW IS IMP,TIME,CYCLE,DAY. So dont take aggressive Trades on either side! NIFTY is coming down from a dead,zone in,a,circle. Which is not a good,sign! Next leg of rally would take place once NIFTY closes above 18,360 on spot! Till then be careful and watchful for near,term! NIFTY could break its support of 18140. If it closes below yesterday’s low!

NIFTY gearing up to break 18000

NIFTY UPDATE

NIFTY Has Expanded;its;TRIANGLE&HARMONIC:PATTERN Today! HARMONIC,PATTERN supports now stands at 18140,on,spot. As far as,it,holds setup remains buy on dips! In,a,CIRCLE NIFTY is in a dead,zone but a daily,close above 18,360 would provide fresh SQUARING,PATTERN Breakout whose Targets,would,be 18,600 on spot!