NIFTY have a strong support in the zone of 15600 to 15700 on spot which until is held can hit a new high above 16000 level. The level which is taking too long to cross. Approach still has to buy on dipps with 15600 as a stoploss on spot. In case if 15600 breaks then personally would avoid short trades as far as Hexagon levels are protected on downside. Has mentioned levels in Past week. NIFTY BANK also is yet to cross its quarterly breakout area above 36100. Volumes also need to pick up on higher levels to maintain the uptrend. On Time front Today and Tomorrow are important cycle dates. If market manages to hold the low it makes today or tomorrow then we could have a rally till 23rd july and 28th july which are next Vibration dates. A short week for trading so action would be high.
NIFTY 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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