NIFTY have narrowly escaped the print of (18,042) today structure is pointing that sooner or later this level should break, but yes, until that break we would still prefer to wait before calling for next leg lower. We have convincing evidence that MARKETS have reversed but still, markets lately have been more stronger then our anticipation so that’s the only reason why we are Looking for break of (18,000-18,042) zone because below that no bullish probablity would exist. Lets see how MARKETS break this either with a Gap-down or during MARKETS? NIFTY yesterday have achieved the TIME equality of its rally from JUNE low to DECEMBER high. This according to TIME and SPACE guidelines conforms a significant TOP at (18,887) which as per rules is tough to break, without a print of (15,183) so new highs on NIFTY is not possible. Would be interesting.
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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