NIFTY - LOVE ALL

Nifty bounce from 200 DMA stunning. In the last 18 trading session, 13 of them with gap openings up or down. The sharp rise though briefly moved lower to the yesterday close, subsequent action sharp. While bulls had heart beat on Monday, bears mercury raised on Tuesday. With Ukraine related news taking back seat, it is back to the basics. Today FOMC Minutes can be a trigger for bears, while bulls might argue everything that is negative is factored. End of bear move? or Just Continuation of the recent Volatility across. We favour the later. Globally similar graphical undertone prevails. The Monday break is classic triangular break and yesterday rise is towards the vertex. Ideally the upmove to cap below 17480 on daily close basis. However, the down move wont be one way, it would slowly grind lower. For the day suggest shorts below 17430-450 for move towards 17250-280. Remain Light.