Voletility has been the word of this week. As suggested yesterday the setup looked week and still looks week. Before the event of budget next monday. On levels front the targets of 13700 and 13525 are still pending. This is a kind market the marginal risks would also be rewarded maximum rewards. So take your risk wisely.

RELIANCE INDUSTRIES looking in a week on vibration and Harmonic patterns. 1 of the weakest setup in large caps. Current cycle suggests 1819 which if breaks could even test 1760 and 1700 on spot Directionally. Best to avoid any upsides here.

NIFTY has broken the Harmonic support zone which was mentioned yesterday afternoon. The setup was week and it remains week for now as well. No signs of sanity or stability in markets as of now. The setup is sell on rise so any bounce upto 14000 to 14040 would be sold into for the lower Targets of 13700 and 13525 Directionally need to be prepared for extreme voletility ahead.

The Harmonic Cycle support for NIFTY for near term is at the zone of 13950 to 13860 on spot. After analyzing both price and time. Further aggressive downside only below this zone. Would stabilise for now if it helds.

NIFTY after breaking the very important support zone corrected sharply. From here the setup turns to sell on rise. Every bounce till 14460 would be sold. Holdings should be protected with a hedge. Voletility to increase going ahead.

today is a vibration date and Wednesday is a Harmonic date so volitility is here to stay. Major trading positions wisa to initiate after the event of budget.

NIFTY after crossing the level of 14460 yesterday was out of corrective trend.. and it achieved next cycle level of 14620 today. Going ahead important level would be 14704 which once crossed can test levels of 15151 on spot in coming weeks. In short term 14810 and 14984 would be the near term targets. On downside series of multiple supports are in 14200 to 14460 zone.

DLF today achieved the second target of 296 on spot. View posted on 6th Jan 2021. Achieved first target of 274 on 12th Jan 2021. It’s a 7 year breakout on DLF. The party would continue once it crosses 307 for another 20% of upside. But positions should be considered for medium term purposes rather as short term trading. Looking at the overall market. At every cycle level. Partial profits should be secured.

NIFTY is consolidating with negative setup. Has to move above 14460 to stabilise and test levels beyond 14620. As long as it stays below 14460 could slide till 14075 on spot. Structure is positive it’s just a normal corrective trend.

The week gone by was decent for NIFTY TRADERS. Where we got good swing on both sides. The fridays action signaled a Temporary pause in long running uptrend. Because Friday was a!! Vibration!! Day the high and low would be considered as reference points for this upcoming week. But the pattern of NIFTY has its bullish tone intact. And it would even stay intact if NIFTY FALLS breaks the low of the friday.

In last week we had a target of 14620 once14450 was taken out. On Monday we broke 14450 on Nifty spot and achieved the target of 14620 on Wednesday. For this week 14510 would be an important Level to watch. Breaking this point would neutralize the negative setup and would take NIFTY to 14630. Conservative Traders should wait until Nifty breaks 14642 for fresh longs. Above 14642 Nifty could test the levels of 14810 and 14984 positionally. Avoid fresh longs until nifty breaks 14642 on spot. On flipside very strong support on downside is at 14240 which once breaks can test levels of 14075 and 13900 on spot in coming days.

On !! TIME!! front there are 3 Important TIME CYCLE days in upcoming week. Which is on 18th JAN ,20TH JAN and 21st JAN . In my post of last week I mentioned on 13years Cycle of Nifty running from JAN 2008. Using which we get the dates of 18th and 21st JAN. Hopefully you all turned the charts on Nifty and probably would had been understood the merit why these dates are Important. Another date which is 20th JANN this week which is significant for nifty is because it’s an anniversary date of the previous swing top of previous year. So upcoming week would be a time heavy week.

Views published above should be considered for Educational purposes. Any Trading Positions should be taken only after consulting your Investment Advisor. All views above are based on my understanding on Gann Theory. I had included all available technical methods which are part of Gann Theory to make my analysis more effective. So a retail trader not aware on Gann Theory would find it tough to understand this Trading System. For any help or guidance feel free to contact us. Regards Team Gann Price Time Analysis.