Trading using the Time factor on NIFTY.
I Regularly post articles on Price Factor of Gann Theory. Because I always believe that Price is always more important then TIME. The main reason behind this Ideology is,Its not possible to control TIME because it is a Constant Element which moves only in 1 direction. On the other side Price is a controllable Element which moves in Both the directions. Another aspect to consider is,A Time can have conflicting cycles but a Price cannot have conflicting cycles. So a Short term Trader must rely on the Price Theory rather relying on the Time Theory.
Another counter arguement of this Ideology would be a famous statement made by W D Gann,the time is the most Important factor of all. But the point which usually Gann Traders miss is the fact that Sir Gann referred this line for Forcasting the markets not for Trading.
Moving on for NIFTY the Time Setup is mixed where the cycle is suggesting weekness till Friday the next Gann date because we got a closing below the previous Gann Date. The Gann Trend Day is on Tuesday which will be very important because the Timewise Trend is positive till Tuesday. So according to time Tuesday and Friday are Important days to watch in this week.
The Gann Price and Time Squaring of NIFTY would happen in the zone of 230 to 280 Degrees in a Circle. So those who knows the calculation they could easily calculate the levels on upside and downside. Those who doesn’t knows it for them it would be wise to mark the levels. The squaring level on upside is 11358 to 11398,on downside it is between 10928 to 10968 on spot. So until NIFTY stays in this range it would be stable. A Time wise breakout or breakdown would happen only above or below this squaring zone. Another point to consider is the Degree of time would increase with each passing day. So there would be minor variations in price range on daily basis
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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