NIFTY is still stuck in a range. As mentioned on last wednesday markets are keen to vitnes rally failures. 1 such failure we saw on Friday. This zig-zag would continue as long as 16,782 does not break on spot. I saw many analysts pointing 16,800 a massive support. On Patterns that’s not a major level. It’s just a matter of time before NIFTY breaks 16,782 and this range breaks on downside. As far as trade is concerned, voletility would stay on higher side so consider June puts as per your risk management. That would keep you with market direction. Avoid overnight 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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