The pullback which started above 11080 since Monday. Reached 11210 on Tuesday and next extension zone is in between 11360 to 11380 on spot. The stand was to stay moderately bullish until this move gets extends on upside. Keeping in mind about the week structure as far as the positional setup is considered. NIFTY have multiple challenges to deal with in the zone of 11450 to 11620 on spot according to various Price Theories.. so until this zone is not crossed no runaway rally is expected. For short term setup is positive but profits must be secured on higher levels
Disclaimer view posted in this Blog should be considered as an Individual Opinion. Which is based on the Law of Vibration the Law which was Introduced by Legendary sir Gann in 19th century. The Intention is to provide the basic direction of mentioned scripts according to the short and long term Price and Time Cycles of Gann Theory. Which should not be considered as trading calls without consulting your Financial Advisor. Because there are several factors which needs consideration before taking any trades. Always understand this fact while trading. It requires great amount of Hard work Research and Practise to be successful in the business of Trading. So study the markets before you enter any Trade.
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