“It’s important not to get swayed by headline noise; the focus must remain on the underlying technical setup, which is completely reliant on the trajectory of global markets. Yesterday, the S&P 500 did experience a minor sell-off post-Fed policy, but its futures have since bounced higher. This reinforces the idea that Nifty cannot trend lower on its own; it requires a downward push from global markets.
On Nifty, the 25020 spot level is a critical resistance to clear for a higher trend and a signal of a trend reversal. Until that level is taken out, the market is likely to remain sideways with limited downside. A significant breakdown is only confirmed on a closing basis below 24400 on spot.
Looking at time cycles, tomorrow is a key date, followed by August 5th. Interestingly, Fridays have produced the weekly lows for Nifty over the past three weeks, so a failure to do so tomorrow would serve as a primary indication of a potential move higher. The next few sessions are extremely critical.
“Venus and Saturn form a square tomorrow, so it should be interesting.
Astrologically, Venus relates to value, harmony, and money, while Saturn is associated with structure, restriction, and discipline. When they form a square (a 90-degree angle), their energies clash. This often leads to a “reality check” where things related to Venus—like relationships, finances, and pleasure—are confronted with the discipline and limitations of Saturn.
https://ganninsides.com/2025/07/18/niftys-critical-juncture-price-time-and-the-bearish-outlook/
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