NIFTY, below 15,800 stands at a critical point. MARCH low of 15,671 doesn’t hold more relevance now. As mentioned in morning not a market to take aggressive trades on short side! Its wise to secure good portion of profits here. And wait for prices to turn higher. Once 16,050 breaks, that would be first sign for counter rally to unfold! Wait for levels to break, then we even can consider going long using Calls. For now keep things simple!
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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