what next for MARKETS after a volatile last week. where NIFTY lost 6% during the week and later recovered about 3% on Friday. as we mentioned on Friday the initial target of December low was achieved on NIFTY. But does that mean the fall has ended? we dont think so. this fall is far from over. the sharp reactions on upside are not going to change the Texture of MARKETS Here in INDIA or in Developed Markets in UNITED STATES or EUROPE.. we are not bothered about sharp price swings because our Bearish view is based on our understanding of (TIME CYCLES). the larger (TIME CYCLE) For (Equity Markets) is at a Pressure point so Time won’t allow price to sustain on Higher side. so in such circumstances price could possibly give a false breakouts. this is that phase of market where you need to decide which are the trades you want to chase and which are the trades you want to leave. you cannot stay on both sides. Markets are here to stay, so as traders it’s not Important to go after every move. As far as we are concerned
we always prefer to stay with the main trend which for now is Bearish! We would utilise rallies to create fresh Bearish Trades. ofcourse we do understand basic principals of risk management. So the trades would be edgested in real time. We do have a certain view on markets but we do not want to be over confident. Coming to our expectations on NIFTY now! We are expecting levels of 15,500 on NIFTY in coming weeks. now to get 15,500 you need high patience levels. This level is not going to come overnight. The short term view won’t help to make maximum amount of Profits. This week on TIME front we have 2 very Important TIME CYCLE dates 1st on 3rd March Thursday, which is a (PATTERN DATE) and 2nd on 4th March Friday, which is a (VIBRATION DATE) both this dates would be very critical. With all unfortunate things happening around us, there would be plenty of news flows which would keep markets on edge. On price front NIFTY have a near term support in the zone of 16,400-16,500 on spot. Once this zone breaks expect NIFTY to test 16,210 and 16,025 on downside. Note the support levels are calculated from Fridays closing, this may change in real time if Price fluctuations are volatile. Below 16,150 NIFTY would give a (HEXAGON PATTERN) breakdown whose Targets are far lower in current texture of market supports are weaker and resistances are stronger.

Just for info The “55 Day Rule” is now in play. The 1929 and 1987 crashes came exactly 55 calendar days after the peak of the market. 55 days from the current peak (Jan 4th) is Monday, Feb 28.. let’s se. It needs further study.

Bought some index puts here position size is low. No intentions to take large positions over the weekend

Has risked marginal amount of accumulated profits during the week. So if you are doing it pls take care of position size
We still are in uncertain times. So need to be careful.

SUN:TV yesterday achieved the Pattern Target of 445 on cash. Pattern breakdown activated below 462 on 22nd:February. Yesterday was a TIME SQUARING date here which was posted with price levels. There is probable Price,Time Squaring at 425 which is yesterdays low. We expected 423 as 2nd Target here which for now is missed by 2 points. But for now we can’not say it’s out of woods completely because bel https://ganntradersaahil.wordpress.com/2022/02/21/sun-tv-gann-view/ow 440 it gave (HARMONIC CHANNEL) breakdown which have opened up Target of 391. So we are expecting level of 391 on SUN:TV Positionally. That ideally means Yesterdays low should break. View posted on 21st:February 2022.

GSPL. Yesterday achieved the 1st mentioned Target of 272 on cash. View posted on 17th February. 272 was broken twice: 1st time it broke on 22nd;February. Yesterdays low won’t hold it shall also test 2nd:Target on downside.

After Yesterdays fall NIFTY needs time to stabilise. With Yesterdays downmove primary Targets were achieved. The Long term structure have deteriorated further. But nothing moves on straight line. So there would be counter rallies; but would rallies sustain that’s a critical aspect to watch! Earlier we gave Target of 13,750 on NIFTY in medium term. We still maintain that but not expecting it to come in short-term. For short-term zone of 15,900 to 16,150 could act as a near-term support. As long as this zone is protected not expecting another round of Penic selling. For now we do not want to chase upmoves. We have reduced our positions significantly and would prefer to avoid unnecessary risk on short trades as well. Yesterdays low is not that important the zone which I mentioned is critical on price front. So dont be in a hurry to call it as a bottom.

NIFTY finally broke december lows. Few traders finding it tough to digest this fall. Anyways they are high on their emotions. This happens with such volatility. Several stocks have achieved their Targets we shall update it later.

Complex Pattern Targets achieved in U.S. MARKETS. Mentioned in details with exact levels on 18th,February,2022. Do check that out.

NIFTY today achieved the (HARMONIC CHANNEL) Target of 16,550 on spot! Mentioned about this on previous Tuesday. Since last few weeks we had been absolutely clear on our bearish view on entire markets. Honestly I dint saw anyone as confident as we were. As far as the view was concerned. Well that’ was a no,brainer once 16,800 breaks NIFTY certainly would fall significantly. And it fell! But how many of you were able to make the most of that. After Todays Gap down. Without understanding of Harmonic Channels it’s not possible to Hold short trades with high conviction. As I often say HARMONIC CHANNELS rarely fails. In our previous posts, we also mentioned
That NIFTY was all set to break DECEMBER lows. And we are almost there. It’s not really an easy market to trade if you do not understand the Price Patterns and TIME CYCLES. More on further actions later. For now enjoy the fall.

Todays low is very Critical on NIFTY. ITS Very Important for NIFTY to break Todays low and sustain below it on closing basis. If Todays low doesn’t breaks then again a recovery is possible. So far pattern has been repeated at 1 point it has to break. And this actually is the best chance to break 16,800 convincingly. But until that happens be watchful.