NIFTY has been fermly holding its PRICE and TIME supports which we discussed on 28th,june.
So no reason to turn bearish yet,
below i have shared the revised supports for NIFTY so plz do take note of that.
before we move to that just like to add one more point here.
Last time i advocated on securing 75% of NIFTY from all long trades above 24150.
So far if you have not done that then be very watchful because markets could register a surprise decline of 4 to 5% in a quick fashion.
So in that sinario you may not get that appropriate time to incash on your trades.
Hens dispite index looking fit and fine dont go after them with heavy positions.
avoid that atleast until 10-15 july,
because from 10-15 july on NIFTY we are going to complete 4 different cycles from 4 different lows.
These cycles includes HARMONIC TIME CYCLES,
VIBRATION TIME CYCLE,
HEXAGON DATES,
and,
PRICE and TIME SQUARING DATES.
So when these many cycles are aligning together its tine to stay highly cautious.
No matter index continue to make fresh highs on daily basis.
approach has to be same for next 12 days
Lets end this with price and time supports for NIFTY
On PRICE front supports have shifted higher to 23980 from 23750 and on TIME front mondays low is our nearby support.
So as long as these supports are held trend would continue to stay positive for now.
https://ganninsides.com/2024/06/28/whats-next-for-nifty-post-the-test-of-24000/
gann,insides 