NIFTY BANK Update

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

TATA STEEL TARGET Achieved

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 Positional Trade

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

NIFTY going as per plan

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.

US MARKETS Completed Targets

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 positional trade

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 target achieved

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

NIFTY BANK achieved target

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

Gann Price Time Analysis for NIFTY

NIFTY in standstill mode not ready to give any clear indication to positional traders. And maximum profits in the business of Trading mostly comes from Trending Markets as we witnessed in previous months of July and Aug. The choppy behaviour of markets currently doesn’t allow us to create any aggressive positions for swing trading. So as long as it stays sideways its wise to take small steps at a time.

But markets cant stay sideways for long time. Generally this kind of consolidation is followed by a strong move on upside or downside. In my sense according to few rules of Gann Theory this time we might witness downside. Obviously this view reverses once NIFTY crosses 11800 to 11825 on spot. But until it doesn’t cross this point we have several reasons to prepare and position ourselves for potential weekness in coming weeks and months. With a balance of our risk to handle any adverse volitility. Which might occur in coming days.

As Traders our first duty is to balance our risk and protect our capital. Because without capital management we cannot obtain success in this business. So when I say markets might fall it doesn’t mean to go short on everything. We have to look for week scripts to go short. At the same Time we also need to find strong scripts to trade. We should have a Trading Plan for all Possiblities.

Now as far as Price and Time are concerned for immediate term. NIFTY multiple supports are at 11380 and 11500 no major breakdown possible until supports are held. Personally not intrested in any long trade. According to Time Important to watch Equinox next week. Some memorable moves takes place on Equinox specially with NIFTY let’s see what unfolds this time.

RELIANCE View for Gann Traders

A high risk sell signal visible on RELIANCE below 2240 for possible targets of 2185 and 2130 on spot positionally. Again it’s a high risk trade. So selling futures not a wise action to consider if 2240 breaks