NIFTY making to turn direction after an Important Gann Date. As mentioned on Tuesday High and low of yesterday would be crucial on closing basis going ahead.
Because the price has turned on upside as a trader we left with no other option to go with the trend. But we always have an option to step on sidelines if we spot any other option which provides us greater clarity to make trades.
For compulsive traders as far as levels are concerned. Any fresh trades should be avoided on current levels any dipp upto 10370 should be bought for 10657 on spot. Fresh shorts should be initiated below 10370 only till then either wait for proper levels to enter or simply avoid NIFTY and look for few Banking stocks to trade. Personally would consider the second option
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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