NIFTY broke the low of 17,067 yesterday. Plenty of time was there but markets moves on their own rhythm. For very short term this market is highly oversold. So it needs some bounce. Obviously I.T. has to vitnes some short covering before next round of selling. Along with HDFC group. 5% cut in 5 days is bit over done. No changes in overall view and direction. Sooner or later NIFTY is moving towards MARCH lows. But before that 16,550 is a channel support. Rallies would come and go.
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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