NIFTY finally got that higher high above (18,707-18,722) which we were expecting since 30th,MAY. So PATTERNS which I refered has completed now and MARKET is now getting closer to a very strong resistance of (18,800#18,900) on spot. lets see, what market does closer to this resistance zone, (NIFTY) had the high of (18,662) on last Tuesday and from there it took unusual amount of TIME to achieve its PATTERN objectives. PRICE ACTION has been very choppy but it can stay this way as long as spot manages to hold above (18,465) a break of (18,465) would signal short-term weakness which should drag PRICES closer to (18,225). So watch out for that. NIFTY BANK is even more choppy then NIFTY, anyways it is yet to cross previous weeks high. Today is a policy day so lets see whether it can cross that. TIME wise till 12th,june we have to give that a chance. In case it fails to cross that till 12th, then it’s already roled over. Critical 3,days for BANKING index.
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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