After a Long wait the patients finally payed of for INDEX TRADERS. We finally got the much awaited Breakout on NIFTY above 16000 and completed our Pending Target of 16200 on Spot. After a 500 points rally in a single weeK SOME CONSOLIDATION would be healthy for overall setup. Last week I posted that we are going around 17000 on NIFTY eventually. Still maintain those targets in Medium Term. It took 120 days approx to complete the Journey from 15000 to 16000. 17000 might not take that long. For very short term we have a very strong support on NIFTY in the zone of 16000 to 16100 on spot. Until this zone holds dont bring thoughts of shorts. We might test 16460 and 16600 in very near term. Upcoming Important Time Cycle Dates for Markets would come at 13th Aug and 23rd Aug.
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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