NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY navigated the CYCLE dates staying largely flat. Now it makes things easy for us to analyse the setup using TIME. A daily close below 17,652 would turn TIME BEARISH atleast till 17th,FEBRUARY. Last Friday we discussed on CYCLE DATES.
As far as PRICE is concerned, that too is consolidating with-in the range of 1st,FEBRUARY high and low. We believe NIFTY is likely to break this range of BUDGET day on downside. Today is RBI POLICY so there would be a reaction post POLICY.
If that reaction breaks the zone of 17,571-17,611 that would be a compelling indication that downside have resumed. Holding this zone would keep (NIFTY) out of woods for now, on upside strong resistance continues to be at 18,000-18,200 on spot.

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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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