NIFTY today achieved the second swing target of 12750 on spot. Again coming to what I said yesterday the speed of this rally which is concerning. Because NIFTY is completing weekly targets in days. Mathematically 12800 to 12850 is the short term topout zone but to make it more significant NIFTY should not close above todays high of session because its Gann date. Although the trend is still positive personally would consider December OTM puts to hedge. Above 12900 13000 NIFTY would enter another upwards rally.
Time to be watchful
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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