On expected lines NIFTY almost tested the upper Range of Vibration cycle of 11350 yesterday. Yesterdays high was 11341 on spot. So it got missed by 9 points.
Now from here on important point to note is as follows
1. Because this cycle is still incomplete so levels are not moved higher so support still lies at 11030 on spot. And Target for now remains at 11350
2. Yesterday was a Vibration date so a daily close above yesterdays range would provide a clear signal on either on upside or on downside. As per TIME CYCLE. Note The Time Trend is bullish till 7th Aug.
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
gann,insides 