NIFTY has given bounce near a Hexagon Level of 16,150. We posted in morning at one point short trades has to be converted in cash. Since Today was a VIBRATION DATE such Voletility was always expected. Few times in past we clearly mentioned that you cannot be on both sides of market. You need to be particular with your view and direction. We personally preferred to avoid long trades. Today’s low is very critical. Mentioned this in morning as well. A close below Todays low would make things very nasty in short term. It also would be a daily close below HEXAGON level. So watch out for that. There is a old love affair between the month of MARCH and Daily gaps. So that shall continue. On Monday we have HARMONIC TIME CYCLE day. So voletility is here to stay. We shall attempt fresh shorts below 16,200 on spot. For now let it go up we are not interested in longs.
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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