NIFTY have nothing to complete on upside markets are likely to consolidate further below (18,800) and this consolidation would continue as long as NIFTY manages to hold above (18,465) on spot. A break of (18,465) would signal short term trend reversal which should carry prices closer to (18,225) even a lower low below (18,500) would ring warning bells for long trades. The failure of NIFTY BANK to cross (44,498) as of today is not a good sign. (43,700) would be a key level here, a lower low below (43,700) should conform a throw over TOP. Lets see what happens after that. As far as levels are held it’s all fine for now.
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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