Deepak's Gann Gyan :
This week Nifty was expected to make a swing top in Nifty by around Wed/thursday (ahead of the turn due on 27/Oct) with a top around 7860-80, upper end 7900-10.
Nifty was up as expected although price has moved beyond the upper end of the expected range.
Oct Pivots:
2/OctL(30/9-H), 7/Oct(H) 9/Oct(8/Oct-Low)-, 13/Oct(14/10-High), 21-22/Oct(17/10-Low), 27-28/Oct.
Nov Pivots:
3/Nov, 7-10/Nov, 14/Nov, 17/Nov, 21/Nov, 28/Nov
For next week would expect a top around 8060-80 by Monday or Tuesday with price reversal expected on Tuesday. Decline into a low by 3/Nov with correction of 100-120 Points.
As the price band of 7900-50 has been crossed this week, would expect trend to up till End Dec - Early Jan with a target of between 8350-8400.
For the next two months would expect Swing points in Nifty to be around these dates:(would expected polarity to H-L in this sequence)
7-10/Nov, 19-21/Nov, 12-15/Dec, 24-26/Dec and 2-5/Jan.
Although the trend is expected to be up till early Jan, its quite likely that Nifty and most of the stocks would complete most of the price moves by 12-15/Dec.
Some of the stocks which did not bottom out in the 15-17/Oct time frame could make a bottom either in the 7-10/Nov or 19-21/Nov time frame.