The NIFTY’s decisive close above its August high of 25,153 is a huge signal. In trading terms, this is a textbook breakout, and it confirms that the market’s technical strength is indeed on solid ground. This kind of move is exactly what analysts look for to validate an upward trend, suggesting the path of least resistance is higher from here.
The Rally’s Missing “Oomph”
However, there’s a crucial observation that many might miss: the speed of this rally. While the direction is right, the pace feels off. The geometrical calculations of price and time from the June 30th high of 25,669 suggested that the index should have already surpassed that point by September 16th. The fact that it hasn’t gives the rally a lackluster feel, as if it’s missing that final, explosive burst of energy.
The Bigger Picture Still Holds
Despite this slower pace, the overall forecast for a new record high by October 16th still holds. This suggests that the ultimate destination is more important than the speed of the journey. The ideal scenario would be for the NIFTY to finally clear that June 30th high as soon as possible, as it would fully validate the rally’s strength and put it firmly back on the expected trajectory.”
Plz check out my past posts below
https://ganninsides.com/2025/08/18/beyond-the-charts-the-niftys-ascent-is-no-coincidence/
https://ganninsides.com/2025/08/19/a-gann-based-geometrical-analysis-of-the-nifty/
https://ganninsides.com/2025/08/27/market-at-a-crossroads-tariffs-are-not-the-problem/
https://ganninsides.com/2025/09/05/a-pivotal-week-why-september-8th-is-a-make-or-break-moment/
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