NIFTY needs no analysis the breakdown point continues to stay at 18,042. If people can make anything of this 300 point range since 28th,APRIL then its truly their skills because MARKET is doing nothing. The question which is now disturbing all traders is how long things can continue this way?. We believe MARKETS are reaching a terminal point in TIME CYCLES where they have to make a decisive move either tomorrow or next MONDAY. Would look forward for that. NIFTY BANK is more intresting. the rally here since MARCH lows is very strong , but its pausing at a very critical resistance of 44152. If it fails to go above that then, this PATTERN would go in history books for gann as well as ELLIOTT students. Lets give it some more time to cross 44,152 supports here are placed at 42,500 below 42,500 we would call for a higher degree reversal. Would discuss its consequences as and when that happens.
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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