Sometimes we have to respect the short term cycles to cut down the Voletility in Markets. Even though the positional setup is strong we can still witness decent corrections. The short term uptrend got compromised yesterday below 17380 so that opened up more space on downside. Once it broke. Moving forward expect similar voletility as long as NIFTY stays below 17430 on spot. Better to take modest positions on Large cap BANKS in Cash at current levels. Stay conservative on F&O Positions.
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
Published
gann,insides 