NIFTY achieved the target of 10900 on Friday itself. As mentioned in Friday’s Blog until NIFTY holds the zone of 10710 to 10760 it would test level of 10900 and give a breakout above this level which exactly happened.
So todays Gap up was always expected. The target of this swing is 11100 as per vibration theory so profits should be secured on higher levels. But wait.
Do not attempt any short trade until 10550 is not broken yes range is wide from current levels but as conservative traders we should follow the primary structure which as of now is very strong. Any dipps till 10600 should be utilized to enter longs. Remember markets would always provide opportunities to traders
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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