NIFTY held the LOW of 10th,JULY on closing basis and that resulted a higher high above (19,530) so this completes the (HARMONIC CHANNEL) which we discussed on TUESDAY. We also discussed that things should stay fine until 14th,JULY, so that starts from TOMORROW. The entire PRICE structure could under-go some sort of a test until 1st,AUGUST. There are some kind of cracks developing in NIFTY BANK and FINNIFTY but was it due to HDFC? that we have to moniter in next few days. Technically both INDICES are not that strong as NIFTY. For NIFTY with todays move structure have mostly completed but that doesn’t mean MARKET should fall from here. Yes there is a pullback due but that too should resume once spot breaks (19,350) once that breaks, we shall discuss about that pullback in detail.
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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