MARKET COMMENTRY

Last Friday we mentioned on Price Pattern support on NIFTY. For now that stands same.. on TIME front this week we have 2 TIME CYCLE date 1st is Today which is a HARMONIC DATE.. And 2nd on Thursday which is aN ordinary Pattern date. Major TIME cycle dates are due next week. Which would have significant Impact on Financial Markets. We would continue to share short term levels on NIFTY but Today let’s discuss the broader setup in case the pullback extends further. NIFTY have a strong pattern resistance in the zone of 16,850-16,950 on spot. If in case this zone gets crossed then this pullback would extend further till 17250-17,450. But this move won’t be supported by Larger degree (TIME CYCLE). So the moral of the story remains same. Any upmove or rally is subject to selloff. No matter how far this pullback goes, that’s certain that it is going down. Or rather I should say it has to go down to complete its Targets. The reason of our conviction is our (Pin Point Study) of Past Cycles. During the weekend we had reviewed our bearish stand on Markets. And after our detailed analysis we still maintain our Bearish Outlook and downside targets of 15,500 and 14,400 on spot. 1st Target should come in Coming weeks and 2nd,Target should be achieved in Coming months. We are not going to change our view watching the Price fluctuations. Yes in any analysis there are margin of errors but with TIME ANALYSIS there is no space for any if or a but. It has to be exact. And as an Analyst, especially who follows (Gann Theory)
You have to be very clear with Market direction. There would be many who might change their stand based on sentiments and news flows. But our view have nothing to do with any news flow. In case all issues and problems are sorted out under the SUN markets still would go down and complete our Targets. Definitely we do understand the thin line between confidence and over confidence. So just to protect our Short Trades we have hedged our Futures Trades using Option. For NIFTY it’s just not possible to protect recent low of 15,671 made on 8th,March. Just a matter of TIME this level should surely break. Prices would pretend that its reversing but this fall is still far from over. It would be very Tough to Trade this market for retail traders: but anyone who stays with the ultimate direction is going to make good money. These are rare opportunities in a Traders Life, but if you manage your Trades wisely you may have a memorable experience to trade a (TIME PATTERN) breakdown. You may see things with more clarity 3 or 4 months down the line, when the majority of damage would had happened.