The way Gaps are sold on NIFTY reminds me of a similar kind of a market which we had in second half of March this year. Certainly NIFTY is losing its momentum. It already broke an Important support point of 18050 in previous week. So structure is sell on rise for now until NIFTY trades comfortably above the zone of 18300/18400 on spot. It won’t be an easy task. NIFTY BANK has been an outstanding performer. But the Law of Motion could show its Impact in coming days. It’s not yet a down trending market as far as INDICES are concerned. So trades should be managed accordingly. Volatility is expected to rise so Trading Futures won’t be a good idea. The selling could intensify once we close below 18000. We might test 17850 and 17650 once that happens.
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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