Category: STOCK MARKETS

Gann Price Time Analysis for NIFTY

The week gone by was really Intresting. In many ways. In my earlier Posts previously I referred the Law of Gravity and its Implications in Financial Markets. Because according to this no object in our Planet can move in single direction for long. So we saw the logical pullback in markets around the world in the week gone by. But it got extended and again puts NIFTY in the zone where chasing upside should be avoided and profits must be secured on higher levels.. it would still be considered as a pullback in a downtrending market because Trend Reversal zone in NIFTY is still at some distance from current levels

As a Gann follower until few important cycle levels are not crossed it wont be wise to change the stand on markets. Because Gann methods are applied using Mathematical Laws which are not based on assumptions. There are long list of rules which has to be followed before taking any View or Trading Positions whether it is for Intraday or Positional Trading

Now coming to the NIFTY and its structure. Firstly on 24th Sep NIFTY broke the monthly price vibration support after last week of May. The upmove from 9475 to 10990 was 1 way if monthly price vibration cycle is considered. Yes there were some corrections in last 4 months but there was not a single incidence where it broke the monthly vibration support. But on 24th sep it broke the monthly support that’s why the structure remains week. And will continue to remain week until NIFTY takes out the highs of Sep and Aug. Because monthly Highs and Lows are considered to get the secondary idea of primary trend accept monthly price vibration cycle. If I provide you a recent example how serious it could get for Markets for that I would suggest you to go through the price data of Jannuary and February 2020 and compare it with the price data of Aug and Sep. Kindly go through this data to understand what could be the possible trajectory in coming days. Until something spectacular comes out as a positive surprise the structural direction wont turn that easily for Markets.

For short term the trend remains positive as mentioned earlier as well. But at current levels personally wont chase any upsides until the structure turns positive positionally. The short term cycle would turn bearish below 11190 on spot. Once 11190 breaks on downside NIFTY would resume downtrend till 11065 10900 and 10730 on spot positionally. As per time Thursday and Friday Important weekly vibration dates. Would be Intresting to watch action on these dates according to Time Cycle. Rest markets are always supreme beyond all analysis.

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://ganntradersaahil.wordpress.com/2020/10/01/nifty-update-14/

NIFTY UPDATE

The pullback which started above 11080 since Monday. Reached 11210 on Tuesday and next extension zone is in between 11360 to 11380 on spot. The stand was to stay moderately bullish until this move gets extends on upside. Keeping in mind about the week structure as far as the positional setup is considered. NIFTY have multiple challenges to deal with in the zone of 11450 to 11620 on spot according to various Price Theories.. so until this zone is not crossed no runaway rally is expected. For short term setup is positive but profits must be secured on higher levels

Disclaimer view posted in this Blog should be considered as an Individual Opinion. Which is based on the Law of Vibration the Law which was Introduced by Legendary sir Gann in 19th century. The Intention is to provide the basic direction of mentioned scripts according to the short and long term Price and Time Cycles of Gann Theory. Which should not be considered as trading calls without consulting your Financial Advisor. Because there are several factors which needs consideration before taking any trades. Always understand this fact while trading. It requires great amount of Hard work Research and Practise to be successful in the business of Trading. So study the markets before you enter any Trade.

View on NIFTY

NIFTY completed the first target of the pull back above 11080 the level which was mentioned as line of control for bulls and bares. Need to consider it just a pullback in overall downtrending market because structurally NIFTY is still open for downside There are several other methods to trade a downtrending market. Rather going for plane futures and options. Well until this pullback continues better to be modestly bullish and protect profits on higher side It would just take 2 trading days for NIFTY and NIFTY BANK to get back to the lows of previous week because of its week structure. So positional trade has to be on short side. Today and Tomorrows price action is important because of Gann Date

Gann Observation for NIFTY

NIFTY gave a stunning move on downside yesterday. As I mentioned multiple times before about the official confirmation of breakdown which was suppose to happen below 11020 so 11020 was broken on downside finally. So we are in downtrend officially according to the complex price vibration pattern. I also gave the target of 10625 in my earlier blog which is the level of Triangle of a simple price pattern. And the low made yesterday was 10790 on spot. From there we are witnessing a upmove which is essential for markets. Because no object can move on single direction without temporary pause

Earlier this month NIFTY gave clear indications of a large distribution. Which was unfolding behind the scenes. We spotted it using the rules given by Sir Gann in his books. Another intresting observation which needs to be noted is a breakdown of a Square pattern which is signaling a possible zone of 10260 in coming weeks. Again I am testing this pattern so it shall be considered as a work under progress. I am still in early stage of back testing so before coming to any conclusion it is required for any theory to prove itself in all phases of markets.

As far as levels are concerned for short term. The cycle which turned bearish since 11400 was broken on Monday since then it’s a 1 way fall. Whose trailing SL is at 11080 on spot. So 11080 should be a Line of Control for Bulls and Bares. Levels to watch on downside should be 10730 and 10580 on spot. The structure continues to remain week. But partial profits should be secured on lower levels. As per time Monday and Tuesday intresting to watch because of a Gann date. Need to take it from therehttps://ganntradersaahil.wordpress.com/2020/09/22/nifty-going-as-per-plan/

Reliance Target Achieved

RELIANCE INDUSTRIES today tested the first projected level of 2185 below 2240 on spot. View posted on 15th of sep 2020. I mentioned clearly about the level of high risk involved in it. Technical reasons behind it was 1 2240 was a shorter term vibration cycle support. 2 the Harmonic Cycle is running 1 way on higher side since the month of April. So this view was against the broad structure still from here Harmonic support is at 2100 which once breaks would open up for deep correction

Watch for insurance stocks

Insurance stocks needs attention posted important levels on HDFC LIFE and SBI LIFE few weeks back. Need to revisit those breakdown points to get the upcoming trend in prices

HDFC LIFE below 560 could test 528 and 493 on spot positionally. According to its Vibration Cycle would enter in corrective territory below 560. So would be intresting to watch in coming days.

SBI LIFE below 807 could test the levels of 768 and 728 on spot positionally. Here also weekly Angles would signal downside below 807 till the projected targets. Current setup also is week.

NIFTY UPDATE For Gann Traders

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.