18050 was a strong vibration point. Yesterdays low was 18048 level got broken but swift recovery doesn’t allow us to take the short trade. So things still stands where they were. Still 18050 continues to be a very strong support. Any short trade makes sense only below this point. This rally shall continue above 18350 till 18500 and 18640 on spot. Volatility is high so better to trade options. nifty bank is incredibly strong but miles away from supports. Next week is a vibration week so action would be high.
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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