#NIFTY has given up early gains of morning. This volatility has trapped many traders on Long side. No matter whatever happens. NIFTY has to test 16,300 on spot in near term.

NIFTY, broke the range on downside. It was only a matter of TIME for NIFTY to break 16,800. Whatever reasons may be, the range was about to break on downside. Markets would not make it easy for short term traders to walk away with effortless profits. Voletility is here to stay. So keeping short term view won’t work out for you. As a TRADER keep things simple. Buy and hold JUNE or JULY puts and relax. MARKETS are about to break MARCH low of 15,671 in JUNE. Could break before that as well. Dont fall for Temparary pullbacks. There would be very sharp moves on upside which would shake out week hands from system. Just manage your positions and stay with primary trend.

INFY below 1540 has completed the 1st channel target. Was very clear on my expectations on it. Wrote on it on 15th,MARCH. CMP then was 1850. Mentioned clearly that 1670 was not a bottom. Hardly anyone believed that time. In TIME CYCLES few patterns takes there time to play out but we have to respect them. 1425 is the next print which should come on your screens next.https://ganntradersaahil.wordpress.com/2022/03/15/infy-directional-view/

INDUSIND:BANK, is lightly to give up Todays gains. Todays low won’t hold, and below 955 it would give (VIBRATION PATTERN) breakdown. Whose Targets would be 905 and 870 on cash. Won’t be a smooth slide. A print below 900 would confirm that its breaking MARCH low of 816. For slightly higher TIME FRAME working with 750 here in few weeks.

NIFTY is still stuck in a range. As mentioned on last wednesday markets are keen to vitnes rally failures. 1 such failure we saw on Friday. This zig-zag would continue as long as 16,782 does not break on spot. I saw many analysts pointing 16,800 a massive support. On Patterns that’s not a major level. It’s just a matter of time before NIFTY breaks 16,782 and this range breaks on downside. As far as trade is concerned, voletility would stay on higher side so consider June puts as per your risk management. That would keep you with market direction. Avoid overnight trades.

AXISBANK is breaking multiple pattern supports today. Final pattern support left at 737 on cash. Once that breaks, levels of 704 and 666 could be tested. Overall below 737 swing target would be 640. Todays fall is a reactive fall so small bounce would be possible.

$S&P:500 has tested the area of 4100 Today. The low for the day is 4163. The question is not whether it breaks 4100 or not? The point is what next from here. Well sharp corrections are always followed by counter rallies. Might be a same story this time as well. But sooner or later SPX have to make fresh lows for the year. Next update when SPX makes fresh 52,week low. NASDAQ already has made fresh low. DOW and S&P also have to follow. Do keep a close watch on that. Posted a clear view here on MARCH 17,30 and APRIL,13TH. do reed again.

NIFTY, is Playing mind games with Traderes. Today was the 6th consequent gap on alternate side. So not a rocket science what to expect tomorrow. But wait is it that simple! Jokes apart, couple of weeks back has mentioned, to avoid STBT or BTST Trades on INDEX. Those who followed, have negotiated with volatility well. There is a clear short Trade on NIFTY since 6th,APRIL. But everyone is more Intrested in catching daily moves.. no one is intrested to trade patterns. Everyone is hopeful that INDEX managers would take NIFTY to new highs. Unfortunately that’s not going to happen. Since Mid MARCH we had been very clear with our bearish view. 1 point which we mentioned repeatedly was, the March low of 15671 is not going to hold on NIFTY. Somewhere in june we should break it. And move towards 14400 gradually We have taken and suggested positions accordingly. NIFTY is lightly to vitnes rally failures. So upmoves would come and go. There are traders on other side as well so need to respect them. Eventually market would follow Natural Cycles.

TATA:MOTORS, Have a week setup. A print below 415 would signal much lower levels ahead. In short-term expect 391 here. If that breaks then it should test 365 and 341 positionally. Just a bull market correction.

RELIANCE, lot has been said on it earlier here. Several of my friends doesn’t agree with my stand on this stock. In the course of next 3/4 months people would realise how the TIME factors work in markets. The sharp bounces would be followed by sharp correction here. Any upmove without a support of time never sustains. Said this earlier saying it again. No matter how far you take price it has to come back To the point from where it starts as far as trade is concerned covered short calls here. And entered JUNE ATM puts. Let’s see it’s an open challenge to operators and manipulators. Intresting to watch who wins this challenge. Maintain all targets shared earlier.