NIFTY after a marathon Rally finding space for Consolidation
On Expected lines NIFTY completed all Targets 1 after another. The Trailing SL has now moved higher to 9700 on Spot. But it doesn’t mean we wont book partial profits on higher levels that’s basic rule of Trading. The lebel mentioned here are Trend Reversal Levels which has to be watched Closely.
The weekly Trend remains Bullish. With major weekly support at 9500 on spot. Near term correction would occur below 9700. Note there is a difference between weekness and Correction so NIFTY wont turn weak until 9500 is held.
I usually keep my Analysis simple without sharing any complex Vraphics and lengthy Posts. The levels are for Reference calculated manually without any Charting Software using the Gann Methods
Disclaimer views expressed in this Article are based on my Research on Gann Theory and the Natural Laws. Do understand the risk involved in Trading before taking any trades.
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