NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY have inched higher holding its supports, running towards the resistance of 18,201 now. It’s very obvious to us that, this is not the start of a new trend on upside. NIFTY is just retracing the portion off its earlier decline which started from DECEMBER !

We have been sharing levels for short-term setup for (NIFTY) earlier it was 17,720 from here it would be 17,844 on spot. As long as it holds we dont want to front run in suggesting next leg lower !

There are pending objectives to be completed on downside which certainly would be full-filled but there is no hurry for that, we are not short on TIME. From next week we have 2 very strong CYCLE DATES which would be on MONDAY and FRIDAY dont want to go in detail why these dates are important. Watch out for these dates next week !

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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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