Deepak Nitrite Ltd. Today tested its PATTERN Target of 2500 on cash. Had a bullish view here since the month of July. Tracked it at the price of 1900 and since then it has given a massive rally. Almost 30% in 3 months. Pattern Traders could look to take Trading Profits of the table. Even though 2700 shall still be tested in coming days. But personally would like to trim trading positions for now. And utilize the money in other more convincing setups available in Midcaps. Well the efforts would still be continued to find simillar pattern and hold it patiently for decent gains.

DLF Today completed the Long Pending Target of 400 on cash. Had a bullish view here since it crossed 280 since June. Time to close the Trade now. The Trend is still up but 30% is a decent return on a swing trade. So better to safeguard the Capital.

Yesterday was an Important date for NIFTY and NIFTY BANK. So Yesterdays low would be a reference point for further direction according to TIME. A daily close below Yesterdays low would Intensify the momentum on downside. Until that happens market is looking stable for short term. On Price front we tested the level of 17400 as expected below 17550 on NIFTY. The price still looks overstretched so no point chasing that on upside. 17650 is an Important Geometrical Point expect some rally above this Point on Spot. If this level is not crossed then we might again retest 17440 on downside. Many of my Frends are concerned on MARKET not breaking down. Need to understand a logical fact guys there is a Technical Process which until not completes the next move doesn’t unfolds. 17200 and 36000 are very critical levels to watch on downside on NIFTY and NIFTY BANK respectively. As long as these levels are protected bulls have all the reasons to keep there Hope’s high. Lastly A word on INDIA VIX keep a close watch here above 18.50 it would give a massive breakout above this level.

SBI. A risky Trade. Could be sold on rise till 455 for the Targets of 406 and 380 on cash Positionally. Looks like the Hexagon Pattern has been completed here. So price could cool down in near term.

What a week for NIFTY and NIFTY BANK. Whatever we call this rally. Relentless, gigantic or Uforic several words in Oxford Dictionary to describe the momentum which we witnessed this week. But surely a week to remember for a Long Time. It’s very tough to control yourself to wait patiently for Markets to break its supports to initiate short trades. But you have to keep waiting until Markets provides the Primary Indication of breaking down. Earlier in this month I shared my view which was highly conscious mainly on NIFTY and we preferred to avoid chasing NIFTY on Long side even if it went on to test 17800. Well we almost tested that level in Morning but as far as view is concerned it’s still extremely conservative we weren’t comfortable at 17400 so its but obvious that at 17800 we have our worning bells ringing. On NIFTY BANK yes we expected it to complete its unfinished business of hitting it’s all time high. It did that during this week. Going ahead we increase our consciousness to NIFTY BANK as well. And on entire F&O space. The easy money which has been made since the start of this month should be secured. The effortless gains doesn’t lasts long. As far as our cash positions are concerned we have hedged that equally with DECEMBER puts. Coming to the supports now 17550 is the nearest support on spot. Could reduce the long positions below this level. Below 17550 NIFTY could test 17400 and 17220 in coming days. On time front I clearly mentioned earlier in the month. That the week starting from 13th of Sep would be very critical for Indian as well as Global Markets. Global Markets this week were finding opportunities to break supports. And on Phlip side Indian Markets were Trading in there own world. To keep things simple just mark the lows of this week to get first signal of Trend Reversal on all major Indices. Next week would be equally Important where we have an Equinox along with 2 Vibration dates. Take care and stay careful friends.

HINDPETRO HINDUSTAN PETROLEUM CORPORATION LTD. Is all set to test its 52 weeks high. Given a Harmonic and Vibration Pattern breakout whose targets are placed at 300 and 324 in near term. A strong setup which must be added on every decline.

BHARTI AIRTEL a late view. Was about to review at 650 but then preferred to enjoy the rally. No point to complicate things as far as it’s going well. We had a positive view here since it broke 564 in second half of July. After that it achieved its Vibration setup Targets of 598 and 637 till mid August and the all important Pattern level of 650. Honestly it exceeded all my Targets but dont feel yet the party is done here. Those who are holding since July could hold positions with a Trailing SL of 678 on cash. Anyone who missed the rally should wait for a dipp. A Hexagon Level to watch out on upside would be 810 on cash. That’s seems a Projected Target for now.https://ganntradersaahil.wordpress.com/2021/08/05/bharti-airtel-hits-1×3-angle-today/

#ALERT cover all cash TRADES with #NIFTY 16000 DECEMBER P.E. CMP at 110. And hold it as a #HEDGE a worthy strategy to negotiate the upcoming fall which is imminent. Dont get carried away with 20000 Target on INDEX till DECEMBER.

GREENPANEL GREENPANEL INDUSTRIES LTD. Given a complex pattern breakout. Buy on dipps till 280 for the Targets of 325 and 350 Positionally.

Archit Organosys Ltd. A BSE LISTED Company. BSE Identification Number 524640 SYMBOL ARCHIT ORG. Looking very strong on weekly as well as monthly setups. Given a Harmonic reversal in past week above 44. Worth adding this stock as short as well as medium term Holding. Makes sense to add 50% desired quantity at 44 and rest on dipps till 40. Harmonic Pattern is suggesting Targets of 54 and 64 positionally. It also awaits a Vibration Pattern Breakout above 51 which could trigger a massive rally in coming days. I wont be surprised if it went on to hit 88 looking at its Pattern in next few months. After hitting a high in June it went sideways for multiple weeks and now giving signs of stability. Very tough to find such reliable pattern from overall market. I had been very conservative with my stock selection at these levels. Better to stick with such strong Pattern rather then chasing the INDEX.