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!

NIFTY UPDATE

NIFTY, below 15,800 stands at a critical point. MARCH low of 15,671 doesn’t hold more relevance now. As mentioned in morning not a market to take aggressive trades on short side! Its wise to secure good portion of profits here. And wait for prices to turn higher. Once 16,050 breaks, that would be first sign for counter rally to unfold! Wait for levels to break, then we even can consider going long using Calls. For now keep things simple!

MARKET ELERT

NIFTY, has shown us a print below 16,000. So we almost are back to where we were in MARCH. This is not a zone to take aggressive shorts. This could well sets a case for a sharp, infact very sharp counter trend rally on upside. Which would end up as another bull trap! This market may or may not show us a print below MARCH lows. Frankly that’s not required for very short term. 14,400 is the bitter reality for NIFTY, which cannot be denied in any circumstances! The counter rally may take NIFTY above 17,250 on spot. Which wont change the bearish structure for entire market. People would feel that correction has been completed, but do not fall for that! This would just be another Trap which would frustrate you as an investor. Reed it very carefully! So if your view is for 3 to 4 weeks then look to secure majority of your profits. Doesn’t matter if MARCH lows are broken or not. The 1 way correction needs a counter action. Which should take place. Last time I avoided the counter rally, so bit more watchful this time!

S&P;500 Update

$S&P;500, on expected lines has made fresh lows for the year. On 27th,April it was very much clear that February lows were about to break. And finally it broke yesterday!” The manner in which markets are falling in U.S. is Conserning. The ultimate price targets are quite deep. For now as per (HARMONIC CHANNEL) S&P, looks ready to test 3800 on lower side!” Short covering bounces would be very sharp when they would unfold. So the profile of market is strongly to sell on rise. These markets still can vitnes 20% cuts from current levels. Do watchout!”https://ganntradersaahil.wordpress.com/2022/04/27/sp-500-update-3/

RELIANCE INDUSTRIES Update

RELIANCE, what a journey. From 2856 to 2472. Worned on the Trap here several times in past. But retail trader doesn’t trust natural laws which works in markets!: Many of my friends were not happy with this view. People were busy in calculating my losses. Just for their relief would share my trade, which was 2700 june put at average price of 81!” Took majority profits today at 236. Still holds same view, expecting levels below 2200 in medium term. Gave an open challenge to operators here on 25th,april, unfortunately they lost from cycles!” Reed each and every word of following tweet post carefully!”

NIFTY UPDATE

NIFTY, along with other Global markets had a critical TIME CYCLE date Yesterday. A close below yesterdays low, would keep near term setup very week. For bounce to play out, price has to sustain above Yesterdays high! This applies only for very short term!” As I repeatedly mention, Nothing moves in straight line. At 1 point rallies also would come whether its U.S. MARKETS or INDIAN MARKETS! But rallies would come and they would go. The fact won’t change, that market has lot to do on downside!” Utilize rallies to take bearish positions. I said this on 4th,April as well when MIFTY was trading at 18,100. Since then it has fallen around 2000 points! And it still can go much lower from here!:

BRENT View

BRENT, is regaining its strength. Triangle Breakout is placed above 116. Above 116 pattern targets would be 126, 138, and 150 in Coming weeks! Other patterns such as (VIBRATION PATTERN) and (HARMONIC PATTERN) are also signaling decent upside. Watch-out!