What a way to start a new calender year. Where we got a weekly closing above 14000 on NIFTY. The up words march of markets continued for yet another week. And it promises to repeat the same momentum in this year as well with usual obstacles. Earlier I mentioned very clearly that this rally on DALAL STREET would continue until the 4 pillars of PRICE TIME TREND and VOLUMES continues to support this rally. So far all factors are supportive still trading positions should be protected using multiple available tools in Markets.
For Equity markets 2021 would obviously be a positive year. But expecting 4 to 5% gains every month wont be possible for markets. Just because NIFTY moved up from 12000 to 14000 in 2 months it’s not possible it would test 16000 next month. For this year important months would be MARCH MAY AUGUST and OCTOBER. Which would really paint the trend summary for global markets if we analyse the long term cycle of all financial markets. January is always an important month in any l ender year for all markets. Another observation which is coming out from 10 year cycle would be the strength in DOLLAR INDEX from april onwards. Well the upside in US DOLLAR doesn’t go well with emurging markets.. only difference between 2020 and 2021 is in 2020 as per time cycle 3 cycle ended. And in 2021 3 cycles begins. So it’s just a start of a very long campane in Equity Markets. So this year we could witness a restrictive movements on both sides. Would not be an adventurous year like 2020.
On TIME front for this week Monday and Friday would be important vibration days. On price front as suggested in my previous weekly post sustainable trade above 13800 would open ways for 14000 mark. Which happened in past week. For this week major Harmonic support which would prove as make or break level on NIFTY would be 13725 which until holds can test the upper zone of 14240 and 14400 in this week or if supports holds targets would come in the month as well.
2020 was an extraordinary year of gains for all who followed Gann theory. In this year we would continue the consistency as well. With our updated theories. To get more close to the discoveries of sir Gann. Although we made good amount of profits in 2020 we also made some mistakes which gave a good lessons which were very useful overall as a trader.
Views published above should be considered for Educational purposes. Any Trading Positions should be taken only after consulting your Investment Advisor. All views above are based on my understanding on Gann Theory. I had included all available technical methods which are part of Gann Theory to make my analysis more effective. So a retail trader not aware on Gann Theory would find it tough to understand this Trading System. For any help or guidance feel free to contact me.
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