it looks like NIFTY have ended its rally under 22,600 which I had been expecting since late FEBRUARY!
A close below 22,220 have provided us the conformation for a TOP which we have been looking for some days now! although dispite having that confirmations we still dont have a structure for a waterfall decline simillar to what SMALLCAP INDEX had few days back! we still require more severe technical breakdown especially on NIFTY!
that breakdown is placed below 21,800 on SPOT! once that breaks on a closing basis we then could see a brutal liquidation on NIFTY which would drag the INDEX atleast below JANUARY LOW of 21,137!
here we have to note an important point! the TOP which we are discussing is a major 4th SECTION TOP of the entire advance which started from LOWS of JUNE,2022 and MARCH,2023! so it’s not going to be a small pullback and fresh highs! this TIME it would be different! I wrote an article on 16th,FEBRUARY explaining this point in detail!
TOMORROW is a very significant date for NIFTY as I discussed in my Saturdays post so be watchful on whatever trades you are going to carry for TOMORROW! the overall range is going to be very wide then usual 200 to 300 points band which we have seen since mid FEBRUARY! this time it would be 300 points either sides from 22,100!
Another thing which I would be watching closely is U-Shttps://ganntradersaahil.wordpress.com/2024/02/16/nifty-setup-as-i-see-it/-MARKETS!
on S&P I have given 5185 as a very important PRICE TIME SQUARING LEVEL TIME wise its date is on 18th,MARCH frankly I think it’s only a matter of TIME before U-S-INDICES turns lower we only have to look for whether they gets a higher high above 8th,MARCH high or straight away they turns lower! let’s see!
gann,insides 
Great
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