NIFTY today tested the all important complex vibration support zone of 11020 to 11050 on spot which was mentioned in yesterdays Blog. Inn which I wrote that when all major indices of world gave the breakdown of complex vibration pattern it’s not possible for NIFTY to hold its support levels for long. So today it got tested with this it also completes first logical target of this down swing.

As traders we must understand 1 fact. Financial Markets are part of a Planet which is ruled by Natural Laws. 1 simillar law which governs our planet is the Law of Gravity. So this law has to be respected. We saw a 1 way downfall on NIFTY from the level of 11618 which we saw on 16th of sep 2020 literally a week back. So we are down 600 points in 5 trading days. So it’s natural for nifty to take a temporary pause on ongoing down trend.

As my stand on markets continues to be on bearish side since 2nd week of sep. A decent fall has been witnessed since then. The setup and structure still remains week but before NIFTY resumes another swing on downside it needs some consolidation. In all circumstances nifty traders should look to enter shorts on upsides. As per time no major influence shall happen before 28th sep and as per price 11020 should break soon for constant weekness because official breakdown would conform only below 11000 to 11020 on spot.

Disclaimer views expressed above are personal. And are Subject to change with time. Any Trades taken with reference to above Analysis has to be at your own risk. Trading in Financial markets is always subject to risk. So dont forget to consult your Financial advisor before taking any trades.

BHARTI AIRTEL today achieved the first target of 457 on spot. Vibration pattern was very clear here. View posted on 9th of sep 2020

NIFTY BANK today achieved another Harmonic+Vibration structure target of 21100 on spot. View is bearish since 22450 was broken here. The road ahead still looks week. The setup is sell on rise for potential target of 20200 on spot. Few supports lies in between but would go with Harmonic trend this time

https://ganntradersaahil.wordpress.com/2020/09/09/tata-steel-view-for-gann-traders/

TATA STEEL a rare cycle trade which almost tested the SL but failed to cross 1 point above it. And then prices got rejected from highs and today achieved the first target of 364 on spot usually if sl hits it changes the trend but not this time. View posted on 9th of sep 2020

AXIS BANK below 388 could test 363 and 335 on spot positionally. Multiple cycle support had broken recently and would continue to break till 388

Good Morning friends if you follow my blog regularly then you might not had any surprises about yesterdays selloff in NIFTY. As I mentioned here repeatedly about my bearish stand since last 2 weeks. It just took 1 session for NIFTY to retest monthly low so far of sep. As I https://ganntradersaahil.wordpress.com/2020/09/11/nifty-giving-early-signal-of-large-correction/was very clear on avoiding any long positional trade on index finally yesterday we saw thew much awaited selloff. But is it done for now? Tried to explain below.

Now from here need to analyse it practically. Yesterday we saw sharp selloff in European and US Markets so we might see a gravitational bounce in these markets including NIFTY which might last couple of days.. but does it changes over all trend_ simple answer for it is NO. All these markets might see more downside.

Markets around the world are at critical point would be very intresting to watch them in coming days. In the world where almost all major markets had given complex vibration pattern breakdown NIFTY holding pattern support is not fare for us. Sooner or later NIFTY would break support and should come down gradually. Voletility shall rise subsequently so need to control over trading. Finally levels to watch would be 11020 11050 which is a pattern as well as vibration triangle support. Which once breaks then shall open up for 10625 on spot in coming days. I have even tough targets but would share it later. Idea should be follow the trend.https://ganntradersaahil.wordpress.com/2020/09/18/gann-price-time-analysis-for-nifty/

Last time I gave 2 supports on NIFTY at 11500 and 11380 which once broke there is no looking back. Every second stock of market is breaking down so need to trade as per plan and at the same time control risk.

Disclaimer views expressed above are personal. And are Subject to change with time. Any Trades taken with reference to above Analysis has to be at your own risk. Trading in Financial markets is always subject to risk. So dont forget to consult your Financial advisor before taking any trades.

On 4th of Sep 2020 I shared levels of breakdown on DJI and NSDQ according to complex vibration price pattern. Today those targets are achieved on respected indices. After playing with daily and weekly chart patterns and confusing traders Financial markets respected the path which price cycle has selected for them Now the usual question what next from here. The slide could continue till 26300 on DJI and 10058 on NSDQ SPX comparatively better but its week anyways. SPX is the only index which can Temporary holt this fall else markets are always supreme. Todays low should be a reference point for all Financial markets around world

HDFC BANK has developed an week structure since last few days. And now is open for targets of 1010 and 965 on spot positionally should be sold on rise

KOTAK MAHINDRA BANK below 1320 achieved first target of 1268 on spot today. View posted on 7th of sep 2020

NIFTY BANK today achieved the first Harmonic+Vibration pattern target of 21800. View posted on 8th of sep 2020