NIFTY UPDATE

NIFTY tested the level of 16900 on spot Today and went very close to the 2nd mentioned Target of 16700. The Complex Pattern Targets have achieved for now. Creating fresh positions from here on would won’t be an easy job. When we have VIX near 22. Let the Market nerves settle down. Before making a fresh view. There could be counter moves on higher side. Personally thinks that fall is done for now. Let’s see. 16500/16700 still remains a key support.

NIFTY UPDATE

Uncertainty is not a good state to be in. Specially for Markets. NIFTY is giving up. Tough few days coming up for Investors. This time the calculation of the Law of Causation and its Impact is quite difficult. TIME is bearish. Price wise we may test 16900 and 16700 on spot. All in all 16500 should be protected. Let’s see how it goes.

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.