NIFTY since 29th,JANUARY has been giving a daily close within the range of 21,600-21,950,
although the overall range has been 596 points.
So going forward if 21,950 is cleared on closing basis then that could open up way for another overthrow high above 22,126.
but that too would again be sold off!
As I posted yesterday,
it’s a TRAP,
and our objectives of 21,150 still continues to persist.
with or without a new high.
life would had been much simpler if NIFTY spot would had stayed under 21,860,
but that’s not the case and we would have to deal with such complex setup.
Since INDEX has been in a tite range everyone is trying to catch the next wave of move,
and our sense is post initial turbulence trend for the entire MARKET is likely to resolve on downside.
next few days and weeks should validate our view,
let’s see.
see even if we keep GANN theory or any other analytical FORECASTING methods on one side.
MARKET internals consistently have deteriorated since past few sessions.
So that further gives us more comfort with our view.
I publicly never share things in such details my job is to present you facts and my own view based on those facts.
I am not here to to prove anyone wrong or convince you with my own view.
RISK MANAGEMENT is always a key element in trading and I share that regularly in my EOD UPDATES.
gann,insides 