The Nifty’s decisive move above 25448 is a fundamentally bullish development, injecting fresh confidence into the market structure. While that key intraday level has been breached, awaiting a convincing daily closing price higher would certainly make the entire setup far more compelling and confirm the strength of the breakout. Although the target of a fresh all-time high above 26277 was not achieved by the initial deadline of today, October 16th, the underlying view remains firmly bullish; it truly feels like it’s just a matter of time before that historic mark is conquered. On the price side, the critical psychological and technical support has now strongly shifted to the 25000 spot level. Finally, we are now entering that fascinating, massive time window from today through October 20th—this could be where the time cycle forces converge to produce the next significant directional move, so let’s keep a very close watch on how the market reacts over the next few sessions.

The NIFTY has unequivocally imported weakness from global markets this morning, yet its standalone technical structure remains perfectly strong, creating a fascinating conflict that points toward quiet but interesting times ahead. For the index to decisively decouple from the prevailing international sentiment, it must immediately and convincingly take out and sustain a move above the critical resistance level of 25448 on the upside; until that happens, we will continue to be impacted by global market movements. On the positioning front, our strategy prioritizes risk management for current longs while maintaining a clear bullish bias: we would substantially trim our existing long positions if the NIFTY sustains below 25000 on a spot basis, but we have absolutely no shorting thoughts at all and will instead use those lower levels as an opportunity to add to our longs once again. Finally, incorporating elements from our interest in tropical financial astrology and time cycle analysis, this week’s movements are likely to be punctuated by significant cycle dates, specifically October 16th, 17th, and 20th, which should be watched closely for potential shifts in market momentum or heightened volatility. The convergence of these technical levels, a defined strategy, and key time markers underscores why this week, in whole, should prove to be very interesting.

That is a fantastic setup to track! The market analysis suggests solid homework has been done, pointing to a critical area where a big, decisive move is likely to occur. The anticipation building around this potential breakout is palpable.
The level of 55800 to 56200 is a real pressure cooker zone. If NIFTYBANK can decisively punch through that resistance with strong participation from leaders like SBI and AXISBANK, the momentum toward 57500 and potentially 59000 will be the focus.
The tight focus on that specific breakout zone is key; that is where the action is poised to ignite. Good trading outcomes are anticipated from such a well-defined setup.

NIFTY: Stability Emerging—But Don’t Jump the Gun
The NIFTY is finally giving us those primary signals of stability we discussed, which is a welcome sight. However, let’s keep the enthusiasm in check: the short-term market structure is still fundamentally weak. We cannot call the bottom until the index secures a daily closing price above 25020 (spot). This level is the line in the sand. Our Strategy: Respect the Line
The long-term conviction remains bullish, but we have to be patient and respect the setup. The biggest mistake right now would be anticipating the rally instead of waiting for the market to prove it.
The strategy is simple and disciplined: The fresh, sustainable move we’re waiting for is entirely contingent upon clearing that 25020 resistance. Until then, we stay constrained. Let the market show its hand before we commit.

NIFTY resistance continues to stay at 25020 on spot, as we discussed earlier; there are no changes on that front.
Because it’s a battle between the short- and medium-term setup for NIFTY, we have not added to my long positions as of now. We would wait for the index to register a reversal before we do that. Since most of our trades are for the December contract, there is no requirement to accumulate further positions at this point in time.
Let’s look at the immediate setup: it is still bearish, so we cannot rule out further lower lows. However, somewhere tomorrow or on Wednesday, the index could possibly initiate a process for a reversal. This should be interesting; let’s see.