4th feb Nifty update

In one of my previous posts , I had stated about the likely formation of a diametric pattern which now seems to be in formation with the last leg g shifted forward.
Also the markets are now just above the long term channel as shown.
Diametric patterns at times fail as they are very subjective in nature. However at these high levels there is no harm in being cautious. One can do short term trades and have safety filters using options.