Author: 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!

NIFTY Gann View

As expected yesterday NIFTY was best to avoid going long till level of 9618 is not crossed on spot. NIFTY has shown weekness since then down almost 400 points from yesterdays high

Still weekness persist as I mentioned in the start of this week that this is an important week for markets around the world since then markets around the world are on a southwards journey.

As far as important levels are concerned Tuesdays low is first to watch followed by the swing low of 8909 on spot. The cycle suggests both this levels shall be tested and broken on downside. The only thing which can stop it to happen is only an announcement of removal of LTCG from capital markets by our Finance Minister if it doesn’t happen then get ready to see NIFTY below 9000 in near term

Gann Vibration Dates for May

Hye friends hope you all are doing well. Time to understand the MARKET setup for the month of MAY.. April was an extremely positive month for markets around the world dont expect its repeat in May as well until few long term cycle levels are crossed on upside. First of all Important Turning dates In MAY are as Follows_ 5th of MAY 2020, 12th of MAY 2020, 25th of MAY 2020, and 26th of MAY 2020. All these dates shall mark important Highs and Lows on NIFTY Note these dates are specifically for NIFTY. As far as levels are concerned the very important Breakout level stands at 10212 on spot until this level is not crossed NIFTY is at a risk to test 9000 and even break it. The extend of Voletility has reduced in past month but it still remains on a higher side. Lastly this is a market to have 3 Trading plans 1 Entry, 2 Exit and 3 A backup plan and accept the methodology of sir Gann it’s tough to get all 3 Trading plans in 1 theory. And majority of traders knows it.