As I posted yesterday,NIFTY needs to clear its PATTERN resistance zone to stabilise. But it failed to do that and kept continuing its drive on downside! PATTERNS have expanded further on downside. We have carried shorts since level of 18,140 broke on Tuesday! Now Trailing stops have moved down to 17770 on spot. No intentions to add new positions. Would avoid Large,Caps for now:Infact looking opportunities to take positions in Cash,Market Stocks! The move in U.S. Markets also is bit over due,so watch,out for some pull,back there! Already posted on time yesterday! So better be sensible with your trades!
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
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