NIFTY view and update

NIFTY failed to break its support band of 17,000-17,170. The high of 23rd,MARCH has been crossed Today: intresting to watch whether it closes above 17,450 or not. In case it closes above 17,450 then some more upside possible till 17,700 but this would be a smaller degree move. But does such moves can change the texture of overall Markets. Unfortunately answer is (NO). With price cycles there is still a chance: but with (TIME CYCLES) There are no such chances. NIFTY has been perfectly managed using RELIANCE and ITC but they were only useful to keep INDEX in a defined range. ITC is still fine but RELIANCE won’t sustain at current levels beyond 2620. Just a matter of TIME Prices have to turn southwards. The real Game would be played on short side. For now let everyone predict NIFTY Targets beyond 21,000. We continue to maintain our bearish stand on Equity Markets. It’s not just our view. We have short positions in System good part is they are hedged. Over past 3 weeks we advocated hedging short trades multiple times. Our cost now stands at 17,100 on MARCH futures. Obviously we still have Hedges in place which would bring our cost further higher. If NIFTY spot comes closer to 17,700 we would add our positions using Futures. Note we exactly understand what we are doing. So pls dont take such Trades without understanding the entire Trade plan. You must need capital and Patience to take such positions. Patience is a critical part here. I know Traders who lost there patience and ended with minor profits or no profits even-though there view was correct. We had taken such trades in past so we very well understand how to manage such positions. Coming Towards the TIME factor now The Gann rule says any counter move in bare markets last around 3.5 weeks. We currently are in 3rd,week of this counter move so bulls still have few days left to enjoy. As far as Price is concerned that’s still unstable. The (SQUARING PATTERN) on NIFTY is still wider then normal so better to wait until this Pattern stabilizes. Discussed on Squaring Pattern in last week as well. INDEX trades are defined from our side but on stocks before taking shorts we would still prefer to wait for Price conformation. Everyone is well aware that NIFTY have strong support at 17,000 and NIFTY BANK have strong support at 35,000 on spot. But in TECHNICAL ANALYSIS you have to be sure which levels would sustain and which levels won’t sustain. Sometimes price takes more time to catch up with time. This is just an Ecliptic phase in an overall bearish market. The entire 2022 is not going to be an easy year for Equity Markets. We have entered in prolong bare market in February: so the larger degree turn would be on downside. TIME CYCLES can not be Influenced with any power of Universe. To understand this in simple term just think for a while can any artificial power change the order of SUN and MOON, I won’t give an answer for this. Would se you guys with next post till then take care. And let cycles do their job.