NIFTY struggling to decide how to behave at 17,400. Ideally there is no short trade possible as long as 17,200 is protected on downside. As posted last week it’s a side-ways market within the range of 17,200-17,850. So safe guys should stay away from NIFTY until the clear Trend emerges! Lot happening on time front this week, so go light on NIFTY. According to TRIANGLE price would come in a strong position above 17,590 on spot. Until this level gets crossed expect Volatility in defined range! Select BANKS and ENERGY stocks are the space to be in now!

Aggressive Traders Can consider carrying NIFTY Calls for Monday. Stop,loss 17,400 on Spot! Consider monthly calls based on your risk element! Target 17,830 on Spot. Would again mention it’s a risky trade!

Conservative guys can exit call trades, getting several DM 😊 17,400 still a strong support.

NIFTY broke the Support of 17,550 yesterday afternoon. But as mentioned yesterday no point going short on a INDEX who have a bullish TIME CYCLE. So as traders we only had the option of Coming out of our Long Trades. Which we did yesterday. It’s no longer a Trending Market on a single direction. Which would give us 800-1000 points of profit in a single Trade. So going forward look to secure small profits. NIFTY is in a range for now 17,200 on downside and 17,850 on upside. Which are important price points. Until NIFTY stays in this range better to prefer Intraday setup to trade for minor profits. Any meaningful swing trade opens only beyond the mentioned price points. Next week is very important because it would be the 7th week from December lows on NIFTY. And number 7 holds a greater significance in Gann,Theory. Already updated on a next Vibration time cycle date which is on Monday. So NIFTY getting in a critical area in TIME CYCLE next week. Until NIFTY deals with its TIME focus on Stocks.

FEDERAL BANK would give a (TRIANGLE) breakout above 103 for the Targets of 115 and 125 on cash Positionally! BotH (TIME CYCLES and PRICE PATTERNS) are signaling an Upmove here!

For INTRADAY NIFTY Needs to cross 17,760 to come out from a sideways trend, PATTERN support continues to be at 17,550 on Spot. Until its held no short trade possible! Anyways there is no point shorting the market who have a positive TIME CYCLE. Yesterday DOW completed its HARMONIC CHANNEL Target which was mentioned in Mondays post! As I mentioned in past, there are several opportunities in this market continue to explore them in cash. Dont get carried away watching the screen. For F&O Traders things can turn overnight. So dont put yourself in that position. On TIME FRONT we have a very Important TIME CYCLE date on 7th Feb, monday. So watch-out for That. It is a Combination of 3 cycles which we use to analyze TIME!

NIFTY achieved the Target of 17,750 Today, protected the support zone of 17,200-17,300 during the volatility yesterday. 17,200 was an Important level because it was a (VIBRATION PATTERN) Support! So it was a level to watch Closely. (NIFTY) Today have given a (360° CIRCLE BREAKOUT) Whose Target is 18,270 on Spot, in Coming Days! After a Gap of almost 2 weeks all (PATTERNS ON NIFTY) are in sinc for an Upmove. Matter of TIME 17,925 also shall be achieved. For now PATTERN supports are bit lower. Nearest support would come at 17,550 which is (TRIANGLE+HARMONIC PATTERN) Support! Over’all structure remains buy on dips!

Moments before the (BUDGET SPEECH) NIFTY is Looking Very Strong. But an EVENT is an EVENT for Today strong support is at 17,200-17,300 setup,fine as long as supports hold. On upside 17,750-17,925 looks possible but be careful with your Positions!

AXIS BANK, Achieved the (SQUARING PATTERN) Target of 791 Today. View Posted on 25th,Jan closed above 761 on 27th,Jan! Next Point is 820, which shall be achieved!

HINDPETRO. Would witness (CHANGE OF CYCLES) above 326, as per its (HARMONIC PATTERN) above 326 it could test 351 and 375 on cash Positionally! (TRIANGLE) setup also is bullish here. So stage looks set for an Upmove!

IT-has been an Incredible month for all (PATTERN TRADERS). DECEMBER was also a Good Month but JANUARY was even better then that! The move on both sides was caught Comprihensively. Both the element of (GANN THEORY) 1 PRICE PATTERN and 2 TIME PERIODS were very active in this month. There were reasons for that! And many of you might be aware of that! Coming to (FEBRUARY) Market has to deal with an Event. Once that’s out of our way then focus would shift back to basics! Ultimately EVENT would provide aN Opportunity to initiate fresh positions to participate in the next move on either side. As far as price setup is concerned things, are fine as of now as long as 16,800 is protected on downside. Whatever comes out after the EVENT unfolds this level should not be broken. If it continues to be protected (NIFTY) can test 18,000 on Spot in Coming days. So that’s how the broader structure looks like before an Important EVENT! U.S. markets are also at a Pivotal point specially (DOW) is Trading close to a (HARMONIC CHANNEL) breakout which would take place above 34,950. Whose Targets would be 35,647 and 36,437. In Coming days so do watch,out for that! Already gave a short term levels on Friday. Structure is buy on dips. Momentum to Increase further above 17,440 for mentioned Target. There are several apportunities in this market so utilize them sensibly!