As mentioned earlier in the week on the Importance of Thursday and Friday as a combination of Vibration and Harmonic days.. that plays out today but the Time would provide us with a high and a low. Breaking either side confirms the Trend on that particular direction. The end of this week also makes the Top of 15431 even more stronger. And a real challenge going ahead. This kind of formation has made on NIFTY after mid of November 2020. If 15431 doesn’t crosses then we might even test the lows of January 2021 and December 2020 in near term. Personally have hedged cash holdings through April and May puts. Not comfortable on long side in this market so would trade consciously and lightly because Voletility index in India is well poised to rally. Globally DXY showing good strength and a real cause of concern is US 10Y which could zoom up above 1.62 till 1.811 and 1.998 so watch this space closely in coming days.
Stay Alert
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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