NIFTY in no mood to provide a clear direction to traders. This entire week has been spend in well defined range of 10550 to 10900 taking support and resistance to respected points
Since the start of this week the call has been to go short below 10550 and go long above 10900 for further targets. But within this range there were multiple trades on both sides using Gann Angles and Intraday cycle of NIFTY
Now as per Angles 10710 to 10760 is an important support on spot until this holds we might see levels upto 10900 breaking this range on upside. If 10710 is broken then the slide is possible to 10550 on spot. It all depends on levels doesn’t matter what you or I think or assume as traders we must follow the trend derived from important price points
Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts
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