If you understood my Yesterdays blog in which I mentioned level of 10650 and the key to achieve this zone was suppose to 10370 on Spot. Once the level of 10370 was broken on downside 10650 was always out of play
Another point mentioned yesterday was on market behaviour. It was mentioned clearly that markets cant move up consistently without any meaningful reaction of any action. Yesterday what we saw yesterday was just a reaction which could be soon labeled as a correction.
Another suggestion which was given yesterday was to book profits on every important Harmonic Price Point. After giving the profits of more then 500 Points on a single trade there is nothing wrong for markets to get in the zone of corrective consolidation in near term.
As far as setup is concerned it is not strong and wont turn strong until yesterdays high is not crossed on spot. So NIFTY is sell on rise levels to watch on downside would be 10240 10125 and 10016 need to be careful around these levels. Trading is not as easy as walking on a green park several factors needed to consider while trading in the live market.
DISCLAIMER Views and Analysis Published in this Article is my Personal Opinion. Which is Based on My Extensive Research on Gann Theory,Harmonic Theory and Law of Vibration which exists in Nature as well as in Financial Markets.. My Aim is to Provide the Projected Path for Mentioned Stocks and Indices. Any Trading Positions created on my Analysis has to be on Your own risk. You must Understand the entire Trading Concept before you enter any Trade. Trading in Financial Market is Subject to Market Risk must consult your Financial Advisor before taking any Trades. For any Quaries E Mail me at sahilbelim9152@gmail.com
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