NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY is still in holiday mode. Nothing really happening. Last Friday we discussed we need a daily close below 18,068 to role down. we still await that. So until we get that, for very short term setup will remain absolutely sideways.
MARKET is not willing to move even 1% in a single direction. The volatility is contracting with each passing day. Volumes too should get back to normal from today, so need to be prepared for increased action from Tomorrow.
Now all these things would materialize on BEARISH side only if we break levels on downside. On TIME front 4th&6th Jan would b critical dates for this week. The major swing for 5-6% move would be on downside. Need to wait until that unfolds.

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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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