Since my last update on May 20th, Nifty has been behaving beautifully and organically. It first checked the right boxes by securing a daily close above its 1×1 angle, gradually picked up momentum from there, and today, it hit our primary spot target of 23,930 right on the nose.
Frankly, the move is a tad slower than I originally anticipated, but there are absolutely no questions here about the validity of this bullish trend or its trajectory. Nifty is comfortably placed right now.
The Equities Roadmap: Eyeing the April Top
Based on Nifty’s current geometry, it’s really only a matter of time before that major April peak of 24,600 is taken out. On the time cycle front, the index keeps printing a textbook sequence of higher highs and higher lows, which is a structural green light for us.
- The Next Hurdles: A clean daily close above 23,930 officially opens up our next targets at 24,150 and 24,600. I expect that 24,600 top to be challenged within the next few sessions.
- The Sectoral Fuel: While Nifty builds momentum, Bank Nifty is the index that stole the show today, staging a powerful breakout from its consolidation. With Nifty IT and Reliance expected to participate next, we are looking at a very strong, highly coordinated trending move going forward.
Crude Oil: The 10% Blueprint Delivers Again
Away from equities, our macro thesis on Brent Crude continues to work like clockwork. For the sixth time since this war began, our strategy has delivered a clean 10%+ profit run—shorting near 110 and exiting near 95 has honestly become an incredibly reliable trade for us.
- The Near-Term Floor: Going forward, we are watching the 89 to 87 zone on Brent very closely.
- The Macro Trigger: A break below 87 opens up 78 and eventually 66, which have been my ultimate downside targets.
- The Big Picture: I firmly believe the best trade of this cycle is yet to be delivered, and it could take us all the way to 66. Watch this space closely, because that isn’t just an oil trade—it’s a massive macro trigger that will provide an immense tailwind for the broader stock market.
The Next Temporal Windows
While the daily grind can sometimes feel a bit slow, the underlying geometry warns us to stay sharp. Our next critical time cycle dates are coming up fast on May 29th and June 1st.
Expect some sharp, high-velocity price moves to unfold on these dates. Keep your levels marked, stick to the plan, and let’s see how this next sequence locks into place.
gann,insides 