MARKET UPDATE

IT-has been an Incredible month for all (PATTERN TRADERS). DECEMBER was also a Good Month but JANUARY was even better then that! The move on both sides was caught Comprihensively. Both the element of (GANN THEORY) 1 PRICE PATTERN and 2 TIME PERIODS were very active in this month. There were reasons for that! And many of you might be aware of that! Coming to (FEBRUARY) Market has to deal with an Event. Once that’s out of our way then focus would shift back to basics! Ultimately EVENT would provide aN Opportunity to initiate fresh positions to participate in the next move on either side. As far as price setup is concerned things, are fine as of now as long as 16,800 is protected on downside. Whatever comes out after the EVENT unfolds this level should not be broken. If it continues to be protected (NIFTY) can test 18,000 on Spot in Coming days. So that’s how the broader structure looks like before an Important EVENT! U.S. markets are also at a Pivotal point specially (DOW) is Trading close to a (HARMONIC CHANNEL) breakout which would take place above 34,950. Whose Targets would be 35,647 and 36,437. In Coming days so do watch,out for that! Already gave a short term levels on Friday. Structure is buy on dips. Momentum to Increase further above 17,440 for mentioned Target. There are several apportunities in this market so utilize them sensibly!