Last week Nifty made an" OUTSIDE GANN BAR" on weekly chart . 14653 was the high of last to last week which was broken on 21st Jan but it could not sustain there and closed much below the same day. In fact Nifty was unable to close above 14653 on any day after this high was made.

Last week I clearly wrote ," Gann rules indicate that this is the last leg of bull market and coming week Nifty will TOP OUT". And Nifty stopped exactly in the Gann zone as given in trade setup.

Those taking short term long trades in Nifty must be very careful regarding stop loss level as mentioned below. There is no change in view for longer term. Gann rules indicate that this is the last leg of bull market and coming week Nifty will TOP OUT.

Nifty went above Diwali high but stopped exactly at next Gann resistance level 12960. We also witnessed more than 200 points correction from Gann resistance level. The longer time frame view as given below remains valid and plan your trade accordingly.

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As expected we witnessed huge volatility last week which ultimately resulted in upward breakout in Nifty. But remember that we are passing through an extreme powerful PRESSURE DATE ZONE.So watch carefully the high made till ....... Nov 2020. A reversal in present trend is expected from these levels.

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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.