Surprising to se NIFTY not giving any meaningful bounce. 15,700-15,900 is not a zone to create fresh shorts. Either you hold your positions or reduce them it depends on individual time horizon and trading instrument. We need rallies to sell for our Target of 15,500 this is a market to take directional trades. Managing the risk element. Asian and European Markets are significantly below 24th,February lows. But U.S. MARKETS are still Trading above february lows. So they have significant space to go down. Anyone who wants to understand how sharp bare market rally can occur! They can go and check charts of NASDAQ in last week. Try to understand market behaviour.
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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