NIFTY UPDATE

STOCK MARKETS 1 Minute

NIFTY breaks 20,850 so we now have very primary signs for an initial pullback.
This practically means we have to square off all leverage positions,
also the day on which supports are breaking would have far reaching consiquences.
but for now we have to approach things wisely,
Yesterday we did discussed level of 21,048 as PRICE-TIME-EQUALITY level so as long as INDEX stays below this level then we have to consider that rally is perhaps ending.
Certainly more evidence needed for that,
for now pullback is the word to focus on,
still for now 20,691 is holding
once that breaks we could see levels of 20,488 and 20,275 in next few days.

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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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