NIFTY SHORT TERM UPDATE

STOCK MARKETS 1 Minute

NIFTY is approaching key CYCLE DATE TOMORROW,
market would require a daily close below tomorrows intraday LOW to end recent consolidation and resume fresh leg lower.
Until that does not happen,
NIFTY is likely to spend majority of TIME between 19,650-19,850 on spot.
MARKETS globaly too are at a very critical point,
For S&P&NASDAQ fridays low would be extremely important to break,
Once that breaks we could witness a vicious decline immediately ahead.
Same goes for NIFTY if it gives a daily close below tomorrows LOW.
So if you are a conservative trader then wait till THURSDAY and react only when criterias are met.
Next 2 days shall be very intresting.

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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!

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