NIFTY is still holding its supports, (18,000) is that level now the break of which, would mark a REVERSAL. Things would stay fine as long as these support levels are held. It’s taking more TIME to complete this rally. fridays decline on (NIFTY) was not able to go through its supports. but on (NIFTY BANK) it broke below critical support of (42,800) so here yesterdays move is an opportunity to add selective shorts on major BANKING names. it’s less likely that NIFTY or NIFTY BANK registers a new record highs. it’s only a matter of when supports are broken? Once supports breaks we have perfect PRICE&TIME cimmetry for a waterfall decline.
NIFTY UPDATE
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! View all posts by SAAHIL BELIM
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