NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY still needs a daily close below 17,720-the level we discussed on FRIDAY. Yesterday (NIFTY) tested that and came up back in its range. There is nothing happening on PRICE front for now and until (NIFTY) gives a daily close below 17,720 and print 17,620, theoretically no action on downside can take place !

Things are quiet on PRICE-FRONT but there has been good action on TIME-FRONT
tomorrow we have a (HARMONIC CYCLE DATE) which would be 2nd,most important date for FEBRUARY, intresting part is this would co-inside with the reaction which MARKETS have to give after U.S. CPI data which is due today evening !

“In case NIFTY reacts positively TOM, after CPI, then also it wont be a BULLISH sign any UPSIDE is likely to face very strong resistance at (18,201). Lets see, how MARKETS reacts, critical day Tomorrow !

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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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