NIFTY may give a bounce if 17,600 to 17,650 zone is held. Going forward 17,600 has to break. But for now temporary bounce needed.

NIFTY failed to sustain the pullback. Momentum would intensify further on downside once 17,600 breaks on spot. Tom Ebent day. Let’s see. For us Price Rejection has started.

DWARKESH 144 exact high. Take out your Capital. View posted on 14th January. Crossed 103 on 7th February.

HCL-TECH is struggling to participate in this upmove. 1138 is very Important level here. If it breaks then expect levels of 1103 and 1071 on downside in Coming days. The MARCH low of 1070 should break here going forward! 1138 is a (TRIANGLE) support here which once break would open gates for lower Targets. Once it gives a daily close below 1070, channel targets here would be 970 directionally! We are expecting levels of 970 here in coming weeks!

Sharing TIME CYCLE DATES for April. Note Trading Holidays not udgested. PATTERN DATES 14th April, and 26th April. HARMONIC DATE 18th April. VIBRATION DATES, 12th April, 18th April, 22nd April, and 28th April. SQUARING PATTERN DATES 11th April, 19th April and 28th April.

NIFTY at 18,000 good times for you if you had bullish view. Till 17,700-17,844 we still can justify the rally. Above 17,844 its significantly above critical ratios. Many of my followers asked me about my Trade on NIFTY. Well, we still hold those trades. Because at this point it makes no sense to exit. We have been hedging in such a manner that we only stays behind by 300 to 350 points from NIFTY spot. So it’ cannot go out of control. We said this in past as well, do not copy our trade. We understand how to manage such positions. So far it has not worked. Let’s see how long it stays this way. To our retail trader friends, we have suggested to add JUNE puts based on Individual risk assessment. After todays rally supports on NIFTY have shifted higher at 17,700-17,800 on spot. No short trade on offer as far as 17,700 is protected. Today it’s all about HDFC group rest entire market is more or less flat.

Last week we shared the Possiblity of NIFTY testing levels closer to 17,700 on spot: above 17,450. On Friday NIFTY tested 17,700. So the smaller degree move is completed. 17,700 is an approx ratio of extension so market may cover 144 points of distance further. But time have came to turn bit conscious on Long Trades. Better to focus on Pattern supports to look for shorting opportunities. For NIFTY the Pattern support stands in the zone of 17380-17,540 on spot. Once this zone breaks this market would turn lower and could test levels of 17,225 and 17,050 on spot in short-term. On TIME front Monday is a pattern date which we discussed earlier. Other then that wednesday and friday would be TIME CYCLE days for this week. This week also would complete 3.5,weeks of counter move from March lows on NIFTY. So Mark-down the High and Low for this week. Once NIFTY sustains below this weeks low that would signify our broad view on markets. There are several points which we would like to mention but for now would skip that part. Would share those points in detail once tied turns for this market. That would be more appropriate. Watch markets closely for this week. And focus on support zone which has been shared above. Act wisely once the support orbit breaks.

NIFTY have Pattern support at 17,350 on spot. Tom&Monday are 2 critical Pattern dates. So do watch-out. 17,350 Trend decider: if breaks then 17,210 and 17100 possible..

$S&P:500 has tested the zone of 4,550-4625 on cash. So pullback Targets are achieved. Mentioned about this on 17th,MARCH,2022. CMP then was around 4360. Another point which was mentioned was on PRICE REJECTION. Ideally that process should begin now. Going forward keep a close watch on the zone of 4,500-4,540. Once this zone breaks rejection pattern would activate. Targets would be 4100 and below in next 8-12 weeks. TIME wise rejection pattern should take place late this week or early next week. Overall U.S. MARKETS are looking over stretched specially NASDAQ. APRIL specially would be a critical month for U.S. MARKETS. Vetter to trade conservatively..https://ganntradersaahil.wordpress.com/2022/03/17/sp-500-outlook/

NIFTY failed to break its support band of 17,000-17,170. The high of 23rd,MARCH has been crossed Today: intresting to watch whether it closes above 17,450 or not. In case it closes above 17,450 then some more upside possible till 17,700 but this would be a smaller degree move. But does such moves can change the texture of overall Markets. Unfortunately answer is (NO). With price cycles there is still a chance: but with (TIME CYCLES) There are no such chances. NIFTY has been perfectly managed using RELIANCE and ITC but they were only useful to keep INDEX in a defined range. ITC is still fine but RELIANCE won’t sustain at current levels beyond 2620. Just a matter of TIME Prices have to turn southwards. The real Game would be played on short side. For now let everyone predict NIFTY Targets beyond 21,000. We continue to maintain our bearish stand on Equity Markets. It’s not just our view. We have short positions in System good part is they are hedged. Over past 3 weeks we advocated hedging short trades multiple times. Our cost now stands at 17,100 on MARCH futures. Obviously we still have Hedges in place which would bring our cost further higher. If NIFTY spot comes closer to 17,700 we would add our positions using Futures. Note we exactly understand what we are doing. So pls dont take such Trades without understanding the entire Trade plan. You must need capital and Patience to take such positions. Patience is a critical part here. I know Traders who lost there patience and ended with minor profits or no profits even-though there view was correct. We had taken such trades in past so we very well understand how to manage such positions. Coming Towards the TIME factor now The Gann rule says any counter move in bare markets last around 3.5 weeks. We currently are in 3rd,week of this counter move so bulls still have few days left to enjoy. As far as Price is concerned that’s still unstable. The (SQUARING PATTERN) on NIFTY is still wider then normal so better to wait until this Pattern stabilizes. Discussed on Squaring Pattern in last week as well. INDEX trades are defined from our side but on stocks before taking shorts we would still prefer to wait for Price conformation. Everyone is well aware that NIFTY have strong support at 17,000 and NIFTY BANK have strong support at 35,000 on spot. But in TECHNICAL ANALYSIS you have to be sure which levels would sustain and which levels won’t sustain. Sometimes price takes more time to catch up with time. This is just an Ecliptic phase in an overall bearish market. The entire 2022 is not going to be an easy year for Equity Markets. We have entered in prolong bare market in February: so the larger degree turn would be on downside. TIME CYCLES can not be Influenced with any power of Universe. To understand this in simple term just think for a while can any artificial power change the order of SUN and MOON, I won’t give an answer for this. Would se you guys with next post till then take care. And let cycles do their job.

We discussed the possibility for #NIFTY giving a daily close below Todays low. Well in that case the outcome is certain. But what if NIFTY breaks Todays high.. Above todays high NIFTY can test levels of 17,570 and 17,700 on spot.. although that probability is low but never say never in markets. We are prepared for that. If that happens we would not chase that. Once we get Price conformation on short side we would take more aggressive trades on short side. The fall is imminent it’s just that from which point markets decides to resume its underline downtrend.