As suggested in morning utilize bounce to get out of long trades. NIFTY gave a decent bounce during the day and now trading at lowest point of the day as well as week. Coming week also promises to favour bears. Because price cycle doesn’t suggests any strength
NIFTY SL HIT
NIFTY has broken 11360 to 11390 support zone this morning so the long trade has been kicked away by markets. So need to respect that. Also today is a Gann date as mentioned yesterday. Whole next week is also very important so expect these kinds of voletile moves in coming days as well. So utilize bounce to get out
NIFTY approaching Gann date
NIFTY have a dimensional support in the range of 11360 to 11390 according to both triangle and vibration pattern. So it should be bought on dipps for higher targets of 11715 and 11887 on spot in coming days. Very Important Vibration day Tomorrow for all markets.
Not only Tomorrow the whole next week would be extremely important. Alot happening next week as per time cycles which could set the tone for next few weeks
SBI LIFE Gann View
SBI LIFE below 807 could test the levels of 768 and 728 on spot positionally. Here also weekly Angles would signal downside below 807 till the projected targets. Current setup also is week.
HDFC LIFE Gann View
HDFC LIFE below 560 could test 528 and 493 on spot positionally. According to its Vibration Cycle would enter in corrective territory below 560. So would be intresting to watch in coming days.
NIFTY Target Achiebed
Dear Gann lovers chase the price cycle for regular profits in short term. Because Time takes it’s time to give proper signal. Meanwhile NIFTY achieved the first target on downside of 11392 on spot. If Price turns bearish you have to follow it without stressing your mind. Need to follow the basic cycle and act accordingly no matter if cycle turns its direction in an Hour or a minute just chase it and you would end on a winning side keep it simple. And yes it still remains a Gann Theory for normal traders like me
NIFTY Turning wheels
NIFTY turning its wheels down and now reversed to sell on rise. As alerted an hour back need to stay alert with easy and greedy longs. It is now open for 11392 and 11230 on spot. Thankfully the Voletility is back so trading would be fun now rallies should be used to sell
KOTAK MAHINDRA BANK 2nd Target achieved NK K MAHINDRA
KOTAK MAHINDRA BANK today achieved the 2nd Target of 1497 as well in morning view posted 2 weeks back at cmp of 1340 first target was achieved previous week
NIFTY Update
NIFTY today achieved the mentioned Target of 11725 on spot. Supports now shifts higher to 11540 and target remains at 11900 which was mentioned above 11725 This is a market for high risk traders which so far trending on a singal way which is up. But at 1 point this easy and greedy longs would be challenged by Markets. Though it doesn’t mean to attempt any short trades until supports are held as Gann traders we are not allowed to go against the trend. But we can stay alert by reducing our trade positions or shifting to options. Until its strong need to go with the trend.
ICICI BANK 1st target achieved
ICICI BANK above 392/397 range reached its first destination of 420 on spot today
