https://ganninsides.com/2024/04/07/gann-insides-weekly-market-update-for-subscribers/
As posted in my sundays post to subscribers above 22600 NIFTY did expanded higher towards 22800. going forward this 22800 area would act as a meaningful resistance for MARKETS. here we would have to deal with an overlaping market which is of no use for retail traders specifically for them who work with buying OPTIONS!
I have said this multiple times in past that its not an easy market for trend followers because at higher levels this market lacks momentum.
the primary reason for that is a TOPPING formation of a larger pattern which in gann theory is categorized as (ascending FLAT)! more and more patience is required to pass through such pattern formations.
its not going to continue this way forever. TIME wise 18th,to,24th,APRIL is a very strong TIME window which could generate a long pending REVERSAL across national and international markets. Let’s see! I have been looking for this APRIL end window since late FEBRUARY thats the only reason i suggested and personally deployd options strategies to sell 22500 call for MARCH series and at the same time also sell 22500 straddle for APRIL series.
these trades have done well and would make maximum profits as well.
honestly i was expecting a vreakdown in late MARCH but because 21800 was held on closing basis i had to dial back with those expectations and had to carry on with same trades and approach!
MAY and JUNE are going to be absolutely critical months for MARKETS because what dint happened in late MARCH would finally happen during MAY.
but better to wait until markets register a REVERSAL!
for short term trend continues to staay on upside.
And that would persist this way until NIFTY spot holds above 4th,APRIL low of 22303 on closing basis! Higher highs cannot be ruled out as long as that low is held!
gann,insides 