INDEX UPDATE NIFTY -like last weekly update had explained a break below 16820 will lead to 16400-16200 -today we are opening at the lower end of the range target we had from 17430-16820 -but most traders have not been able to capture the down move in market -last weekly candle on nifty is brutal -nifty will open in strong support zone of 16200-16150 -banknifty will open near crucial support of @34200-34300 -nifty pcr is oversold -intraday bounce is expected -weekly chart indicating nifty may move towards 15500 level if it closes below 16000 -FRESH SHORTS BELOW 15950
global and currency update *dxy index like discussed above 104 is alarming *usd/inr breaking above all time high *expect financials and nbfc to be under pressure *wti curde back above 110 *US-10Y SETTLED ABOVE 3% *US MARKET ALL MAJOR INDEX HAVE BROKEN HEAD AND SHOULDER PATTERN NECKLINE
"NOT GOOD SIGNS FOR MARKET" "STAY LIGHT IN OVERNIGHT POSITIONS