NIFTY still finding it tough to sustain on higher side. Mondays price setup was extremely bearish. But Price alone is not enough to take this market to 13600 to 13800 levels on spot. It needs the driving support from TIME. which for now is Neutral and would turn bearish only below the close of Mondays low of 14248 on spot. Till then rallies and dipps would continue in markets which is the case from past several weeks. Personally view wasn’t bullish at 14800 and same view continues at 14400. As far as Individual stocks are concerned Private Banks looks very week. Which should be sold on every bounce. Not an appropriate market for Trend followers until Time joins Price for a southwards journey.
Market Update
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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