NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY failed to hold the print of 18,644 on spot, which took away the MOMENTUM from the rally. Such rallies are heavily dependent on MOMENTUM, hens this slow down should be a cause of conserne: but as we discussed on FRIDAY (break of 18,644 will not signal reversal)!
So what can give that indication for reversal. As I explained on 25th,NOVEMBER higher degree reversal would be based on a process which will take TIME. but for short term we need a daily close Below 18,550 to get TIME VIBRATIONS more stronger. Once we get that we would look for VIBRATION PATTERN breakdown which would take place below 18,471 and then we go forward to 18,280 and 18,133. NIFTY is slow to respond but eventually should pick up the speed going forward. With plenty of events lined up from tomorrow need to be watchful
Better to focus on process and step by step conformations!

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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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