23 oct close trend

Nifty 22600 , -550

Gann level ( ,000)

Nifty  21.4 22.1 22.9 23.6 24.4

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 

Crude$ 56 62 69 75 83 90 98 105 114 122 131

H&S pattern on weekly chart with nackline at 22300 this week. Below it tgt at 18000. 

Above 94 INR is weak.

Below 21800 in nov, 22000 in dec to confirm long term bear phase

16 oct close trend

Nifty          23150      , 630

Gann level  (  ,000)

Nifty 21.4 22.1 22.9 23.6 24.4 

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 330

Crude$ 56 62 69 75 83 90 98 105 114 122 131

Nifty bounceback 1000 point to close at 38% of aug-sep fall of 2500.

9 oct close trend

Nifty 22520 , 100

Gann level ( ,000)

Nifty 21.4 22.1 22.9 23.6 24.4

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 330

Crude$ 56 62 69 75 83 90 98 105 114 122 131

10 week of red candel, but weekly gain of 100 points.

Monday range 22500 22600 break to deside trend.

On qtly chart 21800 is last hope for bulls. Below bearphase to start for target 16000.

1 oct close trend

Nifty 22420 , -720

Gann level ( ,000)

Nifty  21.4 22.1 22.9 23.6 24.4 

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 3306

Crude$ 56 62 69 75 83 90 98 105 114 122

On daily chart nifty fail to cross/hold above 500ma range between 24000- 24600.

On wkly chart 200ma is broken. During 21 yr of bullrun it is broken and rallyed few times. Next 8 yr bear phase it will face resistance on each pullback and fall. 

On mthly chart break below 21600 to confirm bear phase.

On qtly chart 21800 is last hope for bulls. Below bearphase to start for target 16000

25 sep close trend

Nifty 23140 , -210

Gann level ( ,000)

Nifty 21.4 22.1 22.9 23.6 24.4 

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 3306

Crude 75 83 90 98 105 114 122 

After 2018 again 8 week of fall.

Post carona first time alert on monthly chart indicator.

 

18 sep close trend

Nifty      23350       , -50

Gann level  (  ,000)

Nifty 22.1 22.9 23.6 24.4 25.2 

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 330

Fresh rally above 23900 , 24000 only. rate hike, ipo, global news n rating keep market volatile.

Weekly ma support at 22900,

2025 n 26 low trendline now at 22500, below that fresh selling to start.

11 sep close trend

Nifty 23480 , -420

Gann level ( ,000)

Nifty 22.1 22.9 23.6 24.4 25.2 

Gold 131 140 150 160 170 180

Silver 202 213 225 237 250 262 270 288 302 316 3306

LTma trading flat for two months after reaching all time high. Mkt needs to cross ìt and hold for new rally.

STma turn down after ATH in 2026 now 24400.

LT investors are loosing profit from all time high, few started booking their loose.

Fifth week of fall red candel.

strong resistance bet. 23900-24700

Rising wedge pattern breakdown tgt 22200 n 20000.