Very Important week coming up for Markets not only in INDIA but all markets around the world. Specially few major MARKETS like United States had completed the important vibration pattern and now stands at a point of reaction. Back in INDIA our markets had swung both ways in the range of 1000 Points. Going ahead this zigzag trend would be on a test and a sustainable trending move on either side would be on offer for Traders.
On TIME Front for NIFTY 19TH of March was a Harmonic date. We spend the majority part of time within the range of 19th March getting moves on both sides. On Monday we have another Harmonic Date so mark the high and low of Monday to understand the trend till next Harmonic date which would fall on 19th of April 2021. Those who understands the calculations would figure it out. Other Vibration Days in the month includes, The 12th of 2021, 16th of April 2021, 27th of April 2021, and 30th of April 2021. Expect Important Highs and low in Markets around these dates. Earlier I mentioned about the 15 days,30 days, and 45 days trend is down on NIFTY. these dates has the potential to turn it on.
On price front there is space for more upside above the zone of 14930 to 15030 on spot. Weekness would persist only once NIFTY sustains below 14600 to 14700 zone. This is not a kind of market where you can ride the momentum on a single side by Trailing stoplosses. Profits had to be secured after completion of every rotation of a Price Cycle. Would have a neutral view on markets in the range of 14600 to 15030 on spot.
In past I had repeatedly mentioned about my bearish stand on markets on higher levels. Personally still not comfortable to go long. But I dont want to repeat my mistake which I made in October 2020 where markets went up and I was short on them until NIFTY crossed 11800 on spot. This time I do not have large short positions on index. Instead would like to wait patiently until NIFTY takes out 15431 on spot. Till then would prefer strong setups in cash market. There would always be enough opportunities in markets. As traders we should chase trades which provides us 2 important things. 1 Clarity,and 2 Comfort. If you do not get clarity and comfort in your trading setup then avoid that trade.
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 us. Regards Team Gann Price Time Analysis.
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