NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY have reached a critical support zone of 16,750-16,850 which I shared on Monday! This should be the last hope for BULLS! If this holds then there could be a recovery towards 17,150 if doesn’t then, the odds of going higher would reduce considerablly!
As traders we need rallies to add shorts! 16,550 is a possible target on downside! Which is an ending point of HARMONIC CHANNEL! Your entry matters if you are a short term trader! Structurally NIFTY is going back to JUNE lows!
Earlier in my mind I never had that doubt that we are not in a BULL MARKET! Posted that multiple times! Before posting TIME LINE I would like to see NIFTY breaking 16,750 and closing below it! Short term TIME CYCLES are definitely trending lower!

Unknown's avatar

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!

Published

Leave a comment