NIFTY completed the first target of the pull back above 11080 the level which was mentioned as line of control for bulls and bares. Need to consider it just a pullback in overall downtrending market because structurally NIFTY is still open for downside There are several other methods to trade a downtrending market. Rather going for plane futures and options. Well until this pullback continues better to be modestly bullish and protect profits on higher side It would just take 2 trading days for NIFTY and NIFTY BANK to get back to the lows of previous week because of its week structure. So positional trade has to be on short side. Today and Tomorrows price action is important because of Gann Date
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Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
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