Nifty has finally broken its daily sequence of lower highs—the key pattern highlighted in yesterday’s update—confirming that the short-term downward rhythm is now broken.
To strengthen this bullish setup, Nifty needs to secure a daily close above 24,270 (Spot). A sustained close above this level opens up upside targets toward 24,450 and 24,520, where the next critical resistance cluster sits.
On the Time Cycle front:
- Tomorrow marks a key cycle date.
- Monday is also crucial from a astro-timing perspective.
As noted previously, the second half of August remains extremely active on cycles. While price action hasn’t fully expanded to match these cycle dynamics yet, plenty of time remains in the month.
Key support considerations:
- 23,800 continues to serve as a major structural floor, as emphasized in private notes.
- Yesterday’s low of 24,025.65 aligns cleanly with the mathematical framework.
- The entire pullback measured roughly 46 points per day across 16 calendar days along a precise 45-degree angle, pointing to a textbook standard retracement.
Let’s monitor how price behaves over the next two sessions.
gann,insides 