MARKET OUTLOOK

what next for MARKETS after a volatile last week. where NIFTY lost 6% during the week and later recovered about 3% on Friday. as we mentioned on Friday the initial target of December low was achieved on NIFTY. But does that mean the fall has ended? we dont think so. this fall is far from over. the sharp reactions on upside are not going to change the Texture of MARKETS Here in INDIA or in Developed Markets in UNITED STATES or EUROPE.. we are not bothered about sharp price swings because our Bearish view is based on our understanding of (TIME CYCLES). the larger (TIME CYCLE) For (Equity Markets) is at a Pressure point so Time won’t allow price to sustain on Higher side. so in such circumstances price could possibly give a false breakouts. this is that phase of market where you need to decide which are the trades you want to chase and which are the trades you want to leave. you cannot stay on both sides. Markets are here to stay, so as traders it’s not Important to go after every move. As far as we are concerned
we always prefer to stay with the main trend which for now is Bearish! We would utilise rallies to create fresh Bearish Trades. ofcourse we do understand basic principals of risk management. So the trades would be edgested in real time. We do have a certain view on markets but we do not want to be over confident. Coming to our expectations on NIFTY now! We are expecting levels of 15,500 on NIFTY in coming weeks. now to get 15,500 you need high patience levels. This level is not going to come overnight. The short term view won’t help to make maximum amount of Profits. This week on TIME front we have 2 very Important TIME CYCLE dates 1st on 3rd March Thursday, which is a (PATTERN DATE) and 2nd on 4th March Friday, which is a (VIBRATION DATE) both this dates would be very critical. With all unfortunate things happening around us, there would be plenty of news flows which would keep markets on edge. On price front NIFTY have a near term support in the zone of 16,400-16,500 on spot. Once this zone breaks expect NIFTY to test 16,210 and 16,025 on downside. Note the support levels are calculated from Fridays closing, this may change in real time if Price fluctuations are volatile. Below 16,150 NIFTY would give a (HEXAGON PATTERN) breakdown whose Targets are far lower in current texture of market supports are weaker and resistances are stronger.