The big move was due and it came Today. We had several Technical reasons to believe that the swing most probably would come on downside. We now trades below a previous swing high on NIFTY. Technically things doesn’t looks so nice. Be very careful with your long positions on Both INDICES. NIFTY BANK also felt heat after an unprecedented rise. Has alerted on a possible gravitational move here earlier in the week. Trend is getting stronger on downside so stay light and keep approach of sell on rallies.
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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