Nifty continues to hold a bullish tone for now, with no meaningful change in the circular structure I had highlighted earlier. The broader framework remains constructive, and until proven otherwise, bulls still retain control.
However, for this current bullish setup to remain fully intact, the market would ideally need to print 24,303 on or before the close of the April 15 session. That level now acts as an important short-term marker.
If Nifty manages to achieve it, the setup strengthens considerably — one of those rare moments where price structure and timing align beautifully for bulls. In simple terms, it would keep the path open for a very favorable continuation move.
If the 24,303 print is missed by Wednesday’s close, it would not damage the medium-term bullish structure in any major way. The larger trend would still remain positive. But in the immediate term, the sharp bullish essence of the move could fade for a couple of weeks, bringing a more cautious or slower phase into the market.
I have remained bullish for some time now, but if Wednesday passes without that trigger level being met, I would turn slightly cautious for the near term while still respecting the broader uptrend.
What makes this especially interesting is the timing ahead. Late April into early May looks particularly important from a cycle perspective and could create meaningful opportunities for traders.
Also keep an eye on April 20, which appears to be a potentially significant date not just for Nifty, but for global assets as well. More on that later.
gann,insides 