NIFTY have a strong structural support in the zone of 17550 to 17700 on spot. Trades on both sides hasn’t worked well since previous week. We continue to maintain our conscious stand on markets but would prefer to avoid short trades now until NIFTY breaks 17400 on spot. There is nothing called safety in this market. September was an exilent time. To get a decent correction on index ut accept INDIAN MARKETS all major markets cooled off from their highs. So as traders we are left with only 2 options. 1 avoid participating the rally on upside. 2 chase this momentum on upside. Another viable option is to get into strong cash market stocks and let the NIFTY go on it’s way. As long as 17400 is protected we could se levels of 18220 and 18640 on higher side. Better to keep volumes thin while trading options if possible prefer trades in cash market.
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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