https://ganninsides.com/2025/08/11/the-final-verdict-niftys-medium-term-fate-hangs-in-the-balance/
The current outlook for NIFTY remains stable as long as Monday’s intraday low is successfully held. This suggests that a bearish trend is unlikely to develop in the near term and a rally is the most probable next move.
A clear bullish signal will be triggered by a breakout above yesterday’s high of 24,703. This is a critical resistance zone, spanning from 24,703 to 24,761. A confirmed move above this range is expected to initiate a sharp upward rally.
In preparation for this potential shift, we have significantly reduced our short positions. This strategic adjustment was made because the majority of our targeted stocks have already met or exceeded their price objectives. As a result, we will be maintaining a very low-risk profile on our stock positions moving forward.
From a time-cycle perspective, the next two sessions are crucial for a potential trend reversal. NIFTY is set to complete a 90-degree time rotation from its April 7th low on August 14th, and a 360-degree rotation from its September 27th, 2024 low on August 18th. We advise all traders to remain vigilant and manage risk effectively in anticipation of a sharp market swing.
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