Author: SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

Market Analysis: Riding the Bullish Wave in PSU Banks

Since late August, I have been bullish on Public Sector Undertaking (PSU) banks. The entire weakness in NIFTYBANK was sponsored by the weakness in private sector banks, while PSU banks were still doing relatively better. Hence, I suggested a couple of stocks from this basket to subscribers during the third week of August. These trades were on Indian Bank and SBI. Let’s revisit them below.

https://ganninsides.com/2025/08/25/indianbank-septembers-cycle-and-the-road-ahead/

Let’s start with Indian Bank. I identified a significant support zone, which was in the 640 to 660 range on the cash market. The stock tested the 660 mark and bounced sharply from there, clearing the 685 level on the upside and achieving our primary target of 703 on cash. The stock continues to stay significantly bullish, and it should only be a matter of time before our second target of 733 is achieved.

https://ganninsides.com/2025/08/20/the-waiting-game-why-patience-is-key-for-sbi-investors/

SBI has been the most boring stock in the entire NIFTY basket. It has been testing our patience for the past few months, because we knew that this sort of consolidation would produce a significant and powerful move on either side. We continued to believe it would generate that move on the upside, and we have been watching it patiently. Thankfully, that patience paid off yesterday when the stock moved above 856 on cash. As discussed above, the immediate targets are 897 and 928 on cash in the near term, but we would eventually be thinking of 1000 here within the next few days. Let’s see.

The Clock is Ticking: Why the NIFTY’s Rally Needs an Extra Gear

The NIFTY’s decisive close above its August high of 25,153 is a huge signal. In trading terms, this is a textbook breakout, and it confirms that the market’s technical strength is indeed on solid ground. This kind of move is exactly what analysts look for to validate an upward trend, suggesting the path of least resistance is higher from here.

The Rally’s Missing “Oomph”

However, there’s a crucial observation that many might miss: the speed of this rally. While the direction is right, the pace feels off.  The  geometrical  calculations  of  price  and  time  from  the  June  30th  high  of  25,669  suggested  that  the  index  should  have  already  surpassed  that  point  by  September  16th.   The fact that it hasn’t gives the rally a lackluster feel, as if it’s missing that final, explosive burst of energy.

The Bigger Picture Still Holds

Despite this slower pace, the overall forecast for a new record high by October 16th still holds. This suggests that the ultimate destination is more important than the speed of the journey. The ideal scenario would be for the NIFTY to finally clear that June 30th high as soon as possible, as it would fully validate the rally’s strength and put it firmly back on the expected trajectory.”

Plz check out my past posts below

https://ganninsides.com/2025/08/18/beyond-the-charts-the-niftys-ascent-is-no-coincidence/

https://ganninsides.com/2025/08/19/a-gann-based-geometrical-analysis-of-the-nifty/

https://ganninsides.com/2025/08/27/market-at-a-crossroads-tariffs-are-not-the-problem/

https://ganninsides.com/2025/09/05/a-pivotal-week-why-september-8th-is-a-make-or-break-moment/

The Marathon, Not the Sprint: S&P 500’s Relentless Rally

https://ganninsides.com/2025/08/14/sp-500-a-technical-outlook/

It feels like the S&P 500 has been running a marathon, not a sprint.
The Steady Climb
The index’s movement since early August has been all about quiet endurance. It’s not the kind of explosive, high-drama rally that makes headlines. Instead, the market has been climbing with a calm, deliberate strength, patiently absorbing any and all selling pressure. This slow and steady ascent is often a better sign for long-term health than a vertical spike, showing a market that’s building a solid foundation as it goes.
Just a Stone’s Throw Away
After weeks of this methodical climb, the S&P 500 is now right on the doorstep of a major milestone. The upside target of 6651, a level that was first put out on August 14th, feels incredibly close to being reached, perhaps even today or tomorrow. There’s a strong sense that the upcoming Fed meeting could be the final nudge needed to push the index across this finish line.
A Much-Needed Breather
Even if the market hits that target, it’s wise to expect a brief pause in the 6651 to 6681 area. After such a long, steady climb, the market needs to catch its breath. This isn’t a sign of weakness; it’s a completely normal part of a healthy trend. The path of this market remains firmly pointed higher, and the best way to approach it continues to be buying into any temporary dip. It’s just a matter of waiting for the right moment.

In-Depth Analysis of HDFC Bank’s Potential Reversal

The recent price action in HDFC Bank suggests it may have found a bottom near the ₹940 level. This presents an initial sign of a potential reversal, but a confirmation is necessary for a high-conviction bullish stance. To validate this reversal, the stock must decisively break and close above the key resistance at ₹985 on a cash basis. While a move to ₹975 would be a positive early indication, the ₹985 level offers a more robust confirmation signal.

A breakout above ₹985 would likely initiate a short-term rally. This could lead to an initial upside target of ₹1,005, with a potential extension to ₹1,025 in the following days. These levels represent the next significant resistance zones that the stock would need to overcome. Investors and traders should monitor the price action closely to confirm the strength of the reversal.”

AXISBANK: The Perfect Time Symmetry and Its Price Targets

AXISBANK had perfect time symmetry between its January 27 low and its recently registered low on August 29. Mathematically, that’s simply perfect. As long as the stock holds its August 29 low of 1042, we will assume the low is in place.

To initiate a long position, we would be looking for a breakout above 1077. A rally toward 1105 and 1140 could follow within the next few days.

A Pivotal Week: Why September 8th Is a “Make or Break” Moment

The Big Picture: Make or Break Week
Next week is poised to be a make-or-break period for NIFTY and the entire market. It’s time to disregard the news and rumors and focus on the technicals. On Monday, September 8th, NIFTY is set to complete a significant price-time squaring from its March 2020 low of 7511. This event, a fundamental concept in our analysis, is a powerful indicator. Furthermore, it will also complete a 45-degree geometrical time rotation from the September 2024 high, making this convergence of cycles extremely compelling.
Astro and Time Cycles Align
The upcoming lunar eclipse on Sunday is a bullish astrological event for equities, adding another layer to this momentous week. Should NIFTY slip further on Monday despite these positive indications, we will view it not as a sign of weakness, but as a prime opportunity to aggressively add to our long positions.
This confluence of technical and cyclical factors makes the coming week extremely interesting. We have a clear bias, and we are prepared to act accordingly. We will be watching closely.