NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY is doing well. Yesterday reversed exactly from where it ideally should. There were multiple Pattern Supports near 16800
And we mentioned 16780 as a very strong support. If 17255 is crossed on Upside then supports would move higher. Technically NIFTY is in a Tough zone as I mentioned previously. So next 150 Points would be critical on NIFTY. Need to watch closely. US INDICES are Trading near all Time Highs. So at some point that would be correlated. If not 18600. The Harmonic Channel is Suggesting 17680 on spot in Coming days. Would take it from there. But for now focus on short term. Midcaps are doing extremely well.

On NIFTY
Supports have Shifted higher. Triangle Support is placed at 17085. And Cycle Supports now have shifted higher to 17000 on spot. As long as these supports are protected NIFTY can test 17400 and 17550 on Upside.

NIFTY have achieved Target of 17400 on spot today. But supports have not shifted higher. Would meat Markets next Year now.

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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!

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