NIFTY UPDATE

The NIFTY has unequivocally imported weakness from global markets this morning, yet its standalone technical structure remains perfectly strong, creating a fascinating conflict that points toward quiet but interesting times ahead. For the index to decisively decouple from the prevailing international sentiment, it must immediately and convincingly take out and sustain a move above the critical resistance level of 25448 on the upside; until that happens, we will continue to be impacted by global market movements. On the positioning front, our strategy prioritizes risk management for current longs while maintaining a clear bullish bias: we would substantially trim our existing long positions if the NIFTY sustains below 25000 on a spot basis, but we have absolutely no shorting thoughts at all and will instead use those lower levels as an opportunity to add to our longs once again. Finally, incorporating elements from our interest in tropical financial astrology and time cycle analysis, this week’s movements are likely to be punctuated by significant cycle dates, specifically October 16th, 17th, and 20th, which should be watched closely for potential shifts in market momentum or heightened volatility. The convergence of these technical levels, a defined strategy, and key time markers underscores why this week, in whole, should prove to be very interesting.