SBI would give a (TRIANGLE,+HEXAGON,+GEOMETRICAL) Breakout above 547 for the Targets of 573 and 600 on cash in Coming weeks! Do watch,out on a (HARMONIC CHANNEL) Targets are much Higher!
Category: STOCK MARKETS
BANK OF BARODA View
BANK,OF,BARODA. has given a (HARMONIC PATTERN) Breakout whose Targets are 120 and 134 in Coming weeks! IT have a swing high of 108 which also is a Quarterly high which shall be crossed!
ICICI BANK View
ICICI BANK have a HARMONIC SUPPORT at 777 if it holds 820 and 855 is possible on higher side! Soft,Hearts can avoid. Its risky!
NIFTY UPDATE
So far NIFTY has managed to hold an Important level of 16800! Note 16800 is a level which co’insides in 3 major patterns in Gann,Theory! (A TRIANGLE,A HORMONIC PATTERN AND A VIBRATION PATTERN). As I mentioned in Morning this Market can Surprise you anytime. Be prepared for that! Focus on stocks which are Trading above there TRIANGLE POINTS. Like SBI,POWERGRID or AXIS,BANK. And let NIFTY settle down! Dont carry over,night shorts on NIFTY if 16,800 is not broken on spot. Until NIFTY clears its PRICE SQUARING POINT on upside there would be voletility on both sides. More on that Tomorrow!
NIFTY UPDATE
Below 16,800 NIFTY would again come in a Position where it was on (MONDAY) Technically the Game would again begin on Short,side! Today is a (TIME,SQUARING DAY) so a volatile move was always expected. After Open if 16,800. Breaks then we would come out of our (CALL,LONGS) and would look to reverse Positions! I never prefer or advice Trading in Futures. OPTIONS are always better. This is not a market to take aggressive trades on a single direction so keep Trading this Market with thin volumes using OPTIONS! Dont Take this Market Seriously it could surprise you anytime! But for now respect (PATTERN AND MENTIONED LEVELS)!
As long as NIFTY stays below 17125 setup would stay week. Weakness would intensify below 16800 on spot.
AXIS BANK VIEW
If AXIS BANK closes above 761 then it’s a SQUARING PATTERN breakout Targets would be 791 and 820 on cash positionally!
NIFTY UPDATE
Game over. Next Long Trade above 17,230 on spot. Just squared off 1040 pts on short trade! Now relaxhttps://ganntradersaahil.wordpress.com/2022/01/24/nifty-update-82/
Next short trade on NIFTY would active below 16800 on spot. Which is (TRIANGLE+ VIBRATION,PATTERN) breakdown,till then no shorts for now! Thursday is a (TIME:SQUARING) date so TIME CYCLES are again getting active!
NIFTY UPDATE
NIFTY in a dead,zone in a (CIRCLE) fresh short,trades would open again below the zone of 17,200/17,220 on spot! Take some profits for now and wait for further signal by MARKET! WHATEVER low is made today it would be critical. If 17200 breaks Party on downside would continue! For now watch the screen and avoid aggressive trades. Take care of mentioned levels!
Trailing stops moved down further to 17,440 on spot
Enough is really Enough Trailing Stops moved down further to 17,230 on spot! Remember the law of Gravity still exist!
Would cover shorts above 17,125 on spot. More or less NIFTY shall attempt a bottom out process! Today or Thursday!
NIFTY UPDATE
It’s all about PATTERNS! On FRIDAY posted clearly to stay light but do not stay long until levels are not crossed. Couldn’t get more clearer then that! Moving down stops for shorts at 17,580 on spot. Would consider going long above that. Todays low would be critical on TIME FRONT! NIFTY now is at critical point!
NIFTY UPDATE
Would come out of INDEX SHORTS above 17,720 on spot. (WHICH is a TRIANGLE POINT) Consider going long using OPTIONS only above 17,770!
Incredible Voletility on a HARMONIC DATE. stay away if you can’t handle it! Go light for Monday,but dont go Long until levels are not crossed!
