NIFTY momentum would stay intact as long as spot stays above (19,750) the PATTERN support continues to stay at (19,562) so even if (19,750) breaks it wont indicate any sign of a REVERSAL. Not until (19,562) is protected. Its critical for MARKETS to hold these levels for further highs. TIME wise 1st,AUGUST remains the most important date but on MONDAY we have a minor CYCLE DATE so MONDAYS low would be critical on closing basis. Things are likely to get more intresting GLOBALY, yesterday NASDAQ COMPOSITE broke the INTRADAY low of 14th,JULY, and closed below it. Let’s see how things goes there..
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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