Could n't ask better than this.....? Yes , finally NIFTY is floating well above 8900 range , after a nasty August consolidation with the base range of 8666+ level.....! A giant 900 points gain set after 7777...?
It seems we were talking about 7777 level.... just few weeks back....!
OK.... Now - As per my indicators, Let's quickly get into some of the major levels to watch, that will play a key role in the coming sessions.. .....
September Nifty Future Roll over point was : 8680 - 8690 ....!
Import Resistance on Upper levels : On Daily closing if above 8951 is happened, NIFTY has the possibility of breaking 9062 & Further crossing the ALL time high towards 9192 ....! If 9192 is also broken, There can be a free flyer towards 9400+ zone...!
On Downside - We have 8888 - 8760 - 8666 - 8521 to 8484 zone on lower side ...!
Now our base is smoothly shifted from 8666 to 8888 level...!
Taking the 8888 level as base, There could be a swing of 600 Points approx...!
So, the macro level range is aligned to 8288 on lower level & 9488 on Higher side...!
Remember - consolidation can happen before making the Higher side..... but Down slide can happen in lightening speed......! Let's keep fastened our seat belts & be ready on this vibrant journey....!
I will update you on the STM positions by tomorrow, as most likely there will be complete exit today...! Thank you all for your wishes & We are back into absolute safe & healthy situation...! All HIS blessings once again....!