NIFTY is todays decline significant

STOCK MARKETS 1 Minute

NIFTY the failure to print 22,565 today have so far kept the setup as it was on last THURSDAY!  supports have not moved higher to 22,300 yet! Nearest support continues to stay at 22,220 on closing basis!

As I discussed in Saturday’s post 11th and 12th,MARCH is an important CYCLE dates for NIFTY BANK and few PRIVATE BANKS like AXIS and ICICI we have seen NIFTY BANK correcting today  still a daily close below 6th,MARCH LOW is required to make a case for REVERSAL!

looking at GIFT NIFTY FUTURES over the weekend I got several emails saying that market would open above my level of 22600 today.  but that wasn’t case this morning!  let’s see!

A gap down tomorrow on NIFTY would trigger a case for REVERSAL! if no gap down then have to wait until levels breaks on closing basis!

disclaimer I went short today with appropriate RISK MANAGEMENT’!

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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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