NIFTY approaching an Important Gann Date along with Globle Markets. Thursday and Friday are significantly Important as far as Time is considered. Because according to time NIFTY is near a make or break point. The combined High and Low would be Important to watch for the upcoming Time Cycle. Note Gann Dates and Time Cycle Dates are different. So both these Dates should be used separately and both these dates have their own Advantages and Disadvantages.
Now coming back to the price Cycle. As you had read my morning post in which I mentioned the breakout point above 11210 which was crossed on upside in morning so NIFTY having a positive cycle for the targets of 11350 and 11510 on spot in coming days. Supports are placed at 11030 to 11050 on downside so this range has to be held must enter your trades near this zone.
If I go more deep inside the price cycle and analyse the complex vibration pattern of NIFTY for long term Traders who are not intrested in Daily and weekly moves for them the fact which is important is to understand is this is a market which has to be bought on dipps till 10550 to 10650 for the upside target of 11540 on spot and 12075 in months to come. It’s a simple common sense that these targets would take long time to achieve
I usually test new methods on Markets which are inspired by Gann Theory. I even try the most crazy calculations to back test the results to get more deep inside to the work of the Master. Would be very busy for coming months to get more knowledge on the subject of Time. So would be only posting the Price Points and lengthy blogs would be rare
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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