Good Morning my dear friends from Trading Community. Writing this blog after a long time. Because of some profeshnal commitment and lack of time. But I post the levels here on regular basis. For all those traders who are Intrested in Gann Theory.
Coming towards NIFTY now! Since the start of this week my stand on markets remains bearish and NIFTY even made the low of 11185 during the week. And after that we are witnessing a bounce. Another thing which I repeatedly mentioned was on time factor! This week is very significant for days to come and importance of it would only be realised later by retail traders after the effect takes place. Which could be very surprising
When I say this is an Important week it’s not only for NIFTY it is for all Financial Markets around the World.
My take on NIFTY continues to be on bearish side even after the recent rise. Because I am getting an early signs of Large distribution. Which is possibly going on in our markets. Those who are intrested in Gann they could refer the Comodities Course to understand my point of view. In which Sir Gann mentions on this subject. So even NIFTY moves up till 11550 to 11600 it’s better to avoid any long trade. And if you are a conservative trader avoid Trading NIFTY till next week is completed.
Obviously these are early indications. Which could be wrong but the same conditions were met before market corrections of Sep 2018 and july 2019 and Feb 2020 so let’s see how it goes this time. Our job is to stay conscious andd be prepared for all possibilities which markets might throw at us. Beyond all analysis Mr. Market is always supreme. So always respect it and its trend.
Above view is only to explain the broader setup of market. In short term it is easy to trade using Gann Angles. But my intent is to provide the structure for season traders. Short term levels could differ the broader setup so consider this point. Another important Gann date coming on monday so get prepared for some Voletility
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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