00:00On the Nifty weekly chart, 6 consecutive red weekly candles have been completed and the 7th weekly candle is still running.
00:07But the question is not just whether the market will go up or down.
00:12The real question is whether the current market pattern of 2026 looks like any previous year.
00:18In 2026, we saw a major surge in March, a strong recovery in April, and now again weakness in September.
00:25is giving
00:25An interesting historical reference is 2018 where correction, recovery and then 7 weaknesses were seen in September and October.
00:36Was
00:36But keep in mind, similar pattern, same outcome is not the same.
00:42And right now the most important level is 23R 330, if nifty sustains below 23R 300, then the next
00:49The major level will be 23R
00:51If the same is sustained above 23R 370, then the next major level on the side will be 23R 500.
00:57And for the option buyer, buying a put after seeing only 6 red candles or buying a call after the fall.
01:03Not the right approach
01:04It is very important to look at direction, magnitude, timing and volatility.
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