LAST WEEK I CLEARLY MENTIONED REGARDING THE GANN CONGESTION ZONE AND ON ONE SINGLE DAY IT DID CORRECT AROUND 250 POINTS. THERE IS NO CHANGE IN VIEW OR STRATEGY. THE COMING WEEK IS A VERY BIG GANN PRESSURE WEEK.

NIFTY DID CLOSE ABOVE 15470 AND RALLIED FURTHER FROM THERE AROUND 300 POINTS. SO FAR IT HAS MAINTAINED THE UPWARD MOMENTUM BUT THE MAJOR INDICES LIKE BSE SENSEX AND BANK NIFTY ARE YET TO MAKE A NEW LIFE HIGH. THIS INDICATES SOME MISMATCH AND IT IS TIME TO BE VERY CAREFUL

LAST WEEK NIFTY FORMED A NEW ALL TIME HIGH BUT CLOSING WAS NOT ENCOURAGING. AS I INDICATED LAST WEEK THAT TECHNICALLY NIFTY HAS GIVEN AN UPWARD BREAKOUT ABOVE 15100 ON 18TH MAY AND SINCE THEN 2 WEEKS HAVE GONE BUT JUST 350 POINTS UPWARD MOVEMENT.

LAST WEEK WAS AN IMPORTANT PRESSURE WEEK AS PER GANN PRICE-TIME CYCLES. NIFTY MADE A LOW OF 14151. NOW REMEMBER THE IMPORTANCE OF THIS LEVEL. THERE WILL BE NEW AND FRESH WEAKNESS ONLY IF......................................

THIS IS A VERY IMPORTANT WEEK FOR NIFTY AS PER GANN TIME CYCLE.SOME IMPORTANT AND BIG DIRECTIONAL MOVE CAN START FROM THIS WEEK. TREND WILL CHANGE FROM SELL ON RISE TO ..............

08 TH APRIL WAS A GANN PRESSURE DATE AND NIFTY CORRECTED ALMOST 200 POINTS FROM 8TH APRIL HIGH. ON 5TH APRIL WE WITNESSED AN INTRA DAY CORRECTION OF 400 POINTS EXACTLY FROM GANN LEVELS. THE HIGH MADE ON 8TH APRIL TO,,,,,,,,,,,,,,,,,,

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DOW remained in an inside bar situation , so no change in levels. But it is advisable to book profit near all Gann resistance levels given below and avoid aggressive long and look for creation of short positions near Gann levels.

DOW continues with its upward momentum and it is advisable to book profit near all Gann resistance levels given below.