NIFTY, has given a print above 16,410 the slight doubt I had earlier is clear now. No matter whatever price does I am certain that market is going higher. More the price falls, would add positions in JUNE calls. No matter what, NIFTY has to test 16,945 in coming weeks.

INFY, on expected lines has given a print of 1425 on cash in previous week. For medium term price objectives has completed. This may show a pullback above 1520. Posted update on it on 2nd,May.https://ganntradersaahil.wordpress.com/2022/05/02/infy-achieved-channel-target/

$S&P;500, continues to trend southwards. My view here has been bearish since several months now. And markets have been moving on anticipated lines!” In my previous update on 10th,MAY: on S&P, I Mentioned 3,800 as a Near term Target based on (HARMONIC CHANNEL). On Friday it has made low at 3,810. So for now price objectives on downside have completed. 3,800 continues to be a very strong support for S&P, Going forward. So there is a strong probability for markets to make a Temparary bottom and give a durable bounce. The bounce which I expects would only be a Bare Market rally, which can take S&P above 4,200 in Coming days. The bounce could be very sharp!: Once this Bare market rally ends, U.S. MARKETS would again resume there down’trend
There is still plenty of room left for this Bare market. But for now look for rally!: Few Price Projections has to be udgested in real time
So stay tuned. TIME for now is not favourable for decline, wait for PRICE to aline with TIME!:https://ganntradersaahil.wordpress.com/2022/05/10/sp500-update/

Critical week for markets. Better to approach this week, 1 day at a time. Today is a Pattern day for NIFTY, Price equilibrium for today is 16,050-16,200 on spot!” Above higher zone trend is strong, below lower zone its week. All,though TIME doesn’t allow me to take a sell trade, below 16,050 need to be more watchful!” Expect more voletility if NIFTY stays under 16,050 in case market moves towards previous weeks low, then I will look for Long trade for short term!: On other side if NIFTY stays above 16,200 then market would easily cross previous weeks high of 16,400, above 16,410 it also would be a VIBRATION PATTERN breakout, which would signal targets of 16,600 and 16,790 on spot!: so let market make its move, then go for that!”

NIFTY, is making week Gaps on both sides. Yesterday I mentioned 16,020-16,120 is critical for any counter bounce to resume. NIFTY has retained that zone but still approach with thin volumes!” Although the TIME is not supported for shorts, Allow yourself to add calls when NIFTY gives a wild swing on downside. 15,400-15,550 is the zone on which the counter rally is based. Market should not be in hurry to break this zone!” As far as this zone holds counter rally can extend till 16,945 on spot. So manage your risk properly. Dont panic when things goes against you. You have to deal with voletility when you trade a counter move!” On TIME front we have 3 critical dates next week. Pattern date on 23rd, vibration date on 26th, and TIME SQUARING, date on 27th, so prepare to deal with some voletility next week!”

Hedging june calls with 15700 put may series at 60. Let’s see

NIFTY, has negated the strength which it showed earlier. Would approach this market conservatively now. More then INDIA, markets in U.S. are in extreme trouble. Which may impact us negatively! Until NIFTY regains 16,020-16,120 personally wont look for any counter move. Approach this market with thin volumes, once setup becomes clear would trade aggressively. For now things looks week.

NIFTY, with todays gap down has neutralized the strong setup. 1 gap down doesn’t change everything but yes, need to be watchful. The TIME for now is not supportive for a short trade as I explained on Monday. To me the counter bounce still looks incomplete. The squaring pattern and Hexagon pattern for NIFTY is trending positive so would wait for couple of days more to review my setup. Till then things remains same for me. Would update on changes.

NIFTY; gave a close above 16,100. Personally was expecting a lower low below MARCH low then a bounce of similar velocity which we witnessed Yesterday! But the low held and markets gave a closing above 16,100! Now markets have given a clear indication what they want to do. For short term look for buying trades rather then selling trades. Utilize dipps to add calls for june series! The real test for this counter rally would come in the zone of 16,550-16,600, which is a (HARMONIC CHANNEL) area. Once the pattern strengthens further NIFTY even can test levels above 17,000 on spot. But for now need to take 1 step at a time! Accept short term trades avoid entering this market for long term. That time has not came yet. For now have cash, would deploy that after few months!

NIFTY; Losing its Rhythm of downtrend. Even if price falls the Rhythmic structure has taken a Pause. Tough to explain these things: but in (Gann Theory) there are TIME and SEASON for Everything. The TIME for now is to be more watchful on short trades. The TIME SETUP: is suggesting a Temparary bottom till 18th,May, and then a counter rally till 3rd,June. For now working with this setup would update if any modifications are made during the week. A counter move is imminent not possible to neglect that. But better to wait for a conformation from MARKETS. On NIFTY zone of 15,400-15,550 is a strong zone which could trigger a counter move on upside. Any close above 16,100 also would conform upmove. I was the One who was holding shorts at 18,100 and openly shared my Trade on 4th,April, that post is still there: you should reed that. And not only that do reed all my posts from 10th,March to 4th,April I also communicated on 12th,May when I took majority portion of profits from my short trades. You have to be patient and have to keep conviction on what you do. I share here what I see in market based on my understanding on Gann theory. There are few rules which were written 100 years ago. Just have to apply them. And rest leave to markets. It takes time to develope confidence on the MATHEMATICAL Calculations. My view is not based on the debate of oversold or over,bought conditions of market. To be very clear, the upmove which we would vitnes would only a counter bare market rally which would once again Trap many Traders. This applies not only for NIFTY; Even U.S. MARKETS would play out the Bare Market Rally. There is no point giving 14,000 Target at 15,800 the real catch is when you maintain those Target at 17,000. Once this counter rally completes, we again would short this market for our long pending target of 14,400 on spot. So stay tuned. And cut the noise. I would continue to follow my setup. As a Disclaimer: personally taking positions on June calls. Let’s see how it goes!”

NIFTY, not out of woods yet. Has to fulfill 1 criteria out off 2 which was mentioned in morning. Either a test of 15,400-15,550 on downside or a close above 16,100 on upside. To play pullback wait for 1 thing to happen. TIME bearish till 18th.

ICICI;BANK, Today achieved the pattern target of 692 on cash. View posted on 22nd,April, took time but gave breakdown below 718 on 6th,May. Expect some bump,up before fresh lows.