NIFTY and NIFTY BANK UPDATE

STOCK MARKETS 1 Minute

NIFTY has printed an important GANN CARDINAL number at OPEN: but holding its supports very well.
Supports have moved further higher to (18,020-18,060) on spot.
As long as this holds this upmove can continue further.
NIFTY BANK also have printed a higher high above SEPTEMBER highs. Doesn’t really change the trajectory but can provide more bounce for short term TRADERS. Here also the show can continue only as long as the supports are held.
Which as of today are placed at (40,500-41,000) on cash. This upmove can stretch for another week, if these supports are held. After that irrespective of PRICE TIME would be considered again BEARISH from 21st,NOVEMBER.
So just take is at Trading bounce, don’t presume for 20% more from Here. It’s not that type of MARKET which will consolidate here give a dipp, and then continue Higher.

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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!

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