NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY have printed fresh quarterly low Today.
So now along with weekly, and monthly, we now have a quarterly breakdown as well.
With each passing day structure for (NIFTY) is getting more and more BEARISH which in 2/3 months TF can drag prices towards (15,183) and even below.
Need to wait for sharp rallies to add fresh positions.
NIFTY BANK have not broken its previous quarterly lows we believe it’s just a matter of TIME before that happens.
For short term things should slow down a bit, we discussed 16,800 as critical level in near term markets have took Support there,
But the bounce after that seems corrective, it would be better if todays low hold and prices goes sideways for 1 or 2 days before next leg lower starts.

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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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