We’ve been talking about this for days now — 27th and 28th January were not random dates. They were important on the time-cycle front, and with today’s session, that window finally closes.
What usually happens after such phases is simple: the market stops drifting and starts choosing.
From here, the short-term trend is unlikely to reveal itself in the middle.
It should become clearer only if Nifty steps out of this tight zone:
Above 25,372 (today’s high) – the market may finally start breathing on the upside.
Below 24,932 (yesterday’s low) – the pressure is likely to stay.
As long as we’re moving between these two levels, expect more noise, more frustration, and more false comfort. That’s sideways work.
About the recent low — we still can’t call 24,919 a real bottom. Not yet.
Markets don’t form bottoms just by touching a number. They prove them. And until Nifty starts holding above 25,500, that proof is missing.
Yes, globally things look supportive.
The Dollar is cooling off. The S&P 500 is making new highs. All of that should help.
But if there’s one thing the market keeps teaching — price doesn’t move on logic, it moves on its own readiness. And right now, our charts are still asking for confirmation.
To make things even more interesting, the Budget is due this Sunday. Big events, tight ranges, important time windows — that’s usually where volatility is born.
So for now, this is not a prediction phase.
This is a listening phase.
Let the market show its hand.
Till then — stay light, stay flexible, respect the levels, and don’t force opinions.
gann,insides 