NIFTY has been getting very strong rejection at its major gann angle resistance of 22776.
We have been discussing this level since past 2 weeks.
We now have 3 reversal bars in last 25 days from its gann angle resistance.
Interestingly last two rejections have took Pl during the same day and infact during the same hour.
this technicaly is not a good sign.
and no matter what everyone says the market message is absolutely clear that its not comfortable above 22776.
3 touch points are generally enough but in rare and special cases it could get 4.
Lets see breaking supports is going to be very critical!
for short term as i discussed earlier 6th,may is a very important cycle date.
So intraday lows of all INDICES is going to be a key price and time pivot for next few days.
So let’s see what low did INDICES prints on MONDAY!
Other than that 22300 is a vibration pattern support.
if that goes we would get a pattern breakdown, which would opened up downside target objectives of 22100 and 21865 on spot!
https://ganninsides.com/2024/04/30/positive-trend-continues-for-nifty/
gann,insides 