NIFTY moving from strength to Strength. It gave dipp to enter longs before completing the Target of 16460 level which was mentioned in prior week. For this week supports have shifted marginally higher at 16200 on spot. Until this level is held nothing to worry much. All setups remains buy on dipps for the Targets of 16640 and 16800 on spot. But note fresh positions must be added at lower levels. Near 17000 we would be at a very critical point in this leg of rally. So more close we move towards 17000 more conscious we need to get. Position sizes must be reduced on higher levels. We need to be very selective with what we buy and what we sell from here on. It would be difficult to find high conviction setups to trade. So need to keep these points in mind for coming days. But for now enjoy the rally. This week we have a Trading Holiday on Thursday. So a short week with Friday as a Vibration Date.
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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