Just an Observation on BHARTI AIRTEL according to its Squaring Angle it is consolidating around 423 on spot. The squaring Breakout would happen above 445 for the upside till 464 487 and 510 on spot positionally. On the phlip side dramatic fall is not possible until the zone of 383 to 393 is held. Once this zone breaks things would get very nasty here which could drag prices till 362 344 and 323 on spot positionally. Note the squaring Angles and consider it only for Educational purposes Levels should be referred to understand the direction of Price Cycle rather trading levels. Daily Angles are Totally different which are generally used for 1 or 2 days of Trading. Which are used widely by all Gann Traders

The problem which is faced by all NIFTY TRADERS is common in the sense of where to enter the Trade. As I posted earlier on the shift on long term structure of NIFTY has turned positive from Negative in previous week. So now when there is clarity on long term structure it’s now wise to follow the trend using the short term cycles.

On todays morning at the price of 12000 the short term setup was overstretched. Because nifty was way ahead and way far from it’s short term supports. Currently multiple short term cycle supports on NIFTY are placed in the zone of 11720 to 11760 on spot. Which until holds can take NIFTY Higher till 12060 and 12240 in coming days. It has been an extraordinary rally in past 15 days in markets. So until these supports holds it’s better to avoid any short trades accept Intraday because Intraday is totally a different game which is played for 60 to 80 points of profits

Lot of discussions are going around on High valuation of markets. But this things are less relevant in Technical Analysis. So as long as the trend is up it’s up so just chase it. There were multiple reasons with us as Analysts that we avoided aggressive bets on markets in the range of 11400 to 11800. Now when we have crossed it we have to respect it. And follow the primary trend.

Again markets are uncertain by nature. And they would continue to be that way. Our job is only to make the profits out of it. Because at the end of the day it’s just the profits which matters. The bottom line as we call it in business.. and everyone have a process to follow to deal in any business. The process which we follow is given us by sir Gann. Which has given us great returns over the years. And would continue to do well in future as well.

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.

BANDHAN BANK above 333 looks very strong to test 358 and 384 on spot in medium term

ADANI PORTS ABC pattern breakout above 373 for the Targets of 395 and 423 on spot positionally.

AXIS BANK moved above the breakout point today. But need to buy on corrections for the levels of 487 and 523 on upside Directionally

ICICI BANK pattern breakout is above 393 for higher targets of 421 and 450 on spot Directionally

RELIANCE so far has not Participated in this rally. Just like me. Ultimate supports lies in 2120 to 2150 zone which if holds can push prices higher to 2370 and 2490 on spot Directionally would take time though

SBI cmp 193 Pattern Breakout at 202 for the upside till 224 and 256 on spot Directionally. Would consider in cash

NIFTY above 11800 has turned the structure positive for long term. And now is out of a danger to test 10500 levels. In near term. So now the primary shift which will take place would be to buy on dipps not at any point. Above 11800 NIFTY now trades above the 45 days high as well as quarterly high of previous 3 months. In my earlier posts I explained the importance of Aug highs in detail.

Now as I repeatedly said earlier about the positivity in short term structure. Which has been only increasing since Monday. And which also provides greater clarity to short term traders. Now when long term direction of price cycle is clear it is now important to follow the short term cycle as well. Earlier I provided the target zone of 11725 to 11765 with supports at 11490 and 11380 on spot. Now when the Target zone is achieved the major support now lies at 11540 until 11540 holds on spot NIFTY might test 11900 and 12050 on spot positionally.. the problems for NIFTY would start only below 11540 as of now

As I usually refer on the law of motion. Though the trend is clear above 11800 to create fresh longs appropriate entry is around 11640 with 11540 as sl. For the mentioned targets

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.

The rally continues in our markets which took NIFTY above the high of sep of 11618 today. Which was a first real challenge for the structure for swing Trading. Now it has to cross the high of Aug the level which stands at 11794 to conform the Trend Reversal. But before we get deep into it let’s understand what really is going on with NIFTY since last 13 Trading sessions. Sharing a short data below.

Nifty


16 Sep High 11618
24 Sep Low 10790

*(828 Points Fall in 6 Trading Days)*


24 Sept low 10790
Today’s High 11680

*(888 Points Rise in 7 Trading Days)* total 1716 points of movement in just 13 Trading sessions. Out of which we made 1375 points of profits on both sides using various Price cycle theories. Now after such a marathon rally since 11400 our view is to avoid longs for positional or even overnight Trading. Though it’s a fact that we saw back to back gap ups but still as an active trader personally still wont mind to let go few more points on upside. Because after 7 years of Trading experience 1 thing I can share is few times it’s not possible to get the point of view correct technically. Specially when external vibrations starts influencing the overall structure of any market. But it’s completely fine and it happens sequentially

Coming back to the short term setup for NIFTY. As suggested in morning a safe short trade for conservative traders opens up only below 11350 during the day we were way above this point of 11350 so shortterm setup continues to stay strong and positive upto 11725 and 11765 on spot. Supports lies at 11490 as per triangle and 11380 as a weekly Gann Level as far as these levels holds nothing much to worry about. In short term. The Time Factor comes into play from tomorrow because a cycle ends tomorrow and another starts from Thursday so expect a voletile trade in next couple of days

Writing this post late night because during markets getting less time to update my view. Lastly thanks for all emails and messages to encourage me to write such blogs

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.https://www.facebook.com/Gann-Price-Time-Analysis-826757471056089/