Another week ended for NIFTY in same range. With every passing week the range is just getting narrower. More it stays in this range greater the opportunity to trade the Trending move on neither side once it breaks. But till then need to limit the exposure on INDEX. As traders it’s normal to have an opinion on market but before taking any directional trade what’s needed is a Price conformation from Markett. Until it really comes absolute patience is required from our end. We need to be prepared for both the possiblity.

On price front 15570 to 15600 would continue to provide strong support on downside. Upside resistance would be witnessed at 15810 for the Targets till 15914 and 16030 on spot. In case if the support levels breaks then we have an ultimate support placed in the zone of 15350 to 15400 which if breaks would be disastrous for overall market setup. Then we have to be prepared for a medium term deeper price correction. Would discuss on it briefly once the support level breaks. Because the break of 15350 would turn the Triangle,Pentagon ad Hexagon pattern southwards.

On TIME front Very Important vibration dates for all Financial markets for the remaining month would be 12th of July 2021,16th of July 2021,23rd of July 2021 and 30th of July 2021. High intensity Vibrations would be observed around these dates across all markets. Note dates mentioned here are based on Gann and Harmonic analysis.

Views published above should be considered for Educational purposes. Any Trading Positions should be taken only after consulting your Investment Advisor. All views above are based on my understanding on Gann Theory. I had included all available technical methods which are part of Gann Theory to make my analysis more effective. So a retail trader not aware on Gann Theory would find it tough to understand this Trading System. For any help or guidance feel free to contact us. Regards Team Gann Price Time Analysis.

Deepak Nitrite Ltd. Is giving an Intresting opportunity to add on cash. Further dipp from current levels would be even better. Series of strong supports are placed in the zone of 1800 to 1870 on cash. Expected cycle targets would be 2012 2075 and 2140. Hexagonal setup is suggesting 2100 directionally.

15570 to 15600 important support for Today. NIFTY would stabilise if this holds. More pain only if 15570 breaks. Which also is a Triangle Point.

SBI above 436 ready to get in open blue sky. Wheels had been turning Northwards here since many months. Above 436 positional targets would be 464 and 495 on cash. Once 436 cross use all dipps to enter. Targets would take time to achieve.

NIFTY is still spending annoying time in the Triangle of 15570 and 15936. The zone which I mentioned on Monday. This is the 3rd week in this Triangle for NIFTY. WITH Monday an Extremely important Vibration Date followed by Friday most probably we could have a decisive break of this Triangle next week. So keep positions mostly Intraday until the trend gets clear.

Dabur a stock which has grown marginally in a Year. But the price recently has grown sharply in short term. Personally would take positions above 601 for the Targets of 630 660 and 700 on cash. 10% to 15% of expectations are fare enough for this quarter. Well its Logical that all cycles are bullish here. So a decent stock to buy and hold.

CHOLA FIN is breaking down after a large consolidation. Not in a camp of Holding short trades for Positional trading. But this one looks very week. It has given a HARMONIC breakdown today below 510. Strategy here would be to Purchase P E On bounce and sell OTM C E. I prefer mainly trades of cash and carry and hold it till my targets are achieved. As far as other trading criteria of a Gann methods are considered
1 a fresh Triangle breakdown here would trigger below 494 for the Targets of 468 and 438 on cash. 2
Simple Vibration Pattern gets more week below 488 for the lower levels till 450 and 415 on cash. Even Harmonic Channel is getting weaker but it would get more lengthy if I discuss that. Still markets are always supreme beyond all analysis so need to control the risk while taking positions.

NIFTY is stuck in a Triangle between 15570 and 15936 since last 2 weeks. A break neither side would create a fresh momentum for short term. A break on upside could take the index till the levels of 16100 and 16280 on spot. And a breakdown on downside could drag the index till 15410 and 15240. Until NIFTY stays in the Triangle zone Trading would be very tough for Positional Traders. But as of now the undertone of the market remains strong. With Banking and I,T sectors showing more strength. Only 1 vibration day during the week which comes on Wednesday.

PUNJAB NATIONAL BANK is a must buy stock at current levels as well as on every dipp. For the Targets of 55 64 and 77 on cash in coming quarter. 46 is a minor challenge but trend is strong enough to break the barrier.

RELIANCE have its AGM Tomorrow. Before that price has been consolidating in a range. Technically setup is Bullish Geometrically and Harmonically. Series of supports lies in the zone of 2157 to 2197 on cash. It went through a decent consolidation in first quarter of this year. Recently it squared it Price at 2185 as long as price keeps trading above it it shall test its next squaring point at 2375 on higher side. The Harmonic structure also is on track of uptrend for now. Indicating the retest of 2020 highs. In case things doesn’t go well after or during the event. Then most critical price point would be 2140. If it breaks then in short term we could see levels of 2080 and 2020 on cash. Consider 2140 as a Line of Control for strength and weekness. Just to add a point from above on Price squaring Front particularly Reliance does its squaring at 270° in a ○. Need to keep positions light before tomorrows event. But setup as of now suggests a breakout in coming days.