NIFTY needs Some Consolidation

NIFTY needs to consolidate on current levels for a healthy upmove. Yesterday after testing the External Harmonic Wave Price point of 11200 we saw minor profit booking from higher levels. But the road ahead wont be very smooth.

First of all if we analyse the Trend,which is very positive. The long term support for this rally is placed at 10750 on spot which also could be considered as Line of Control between strenth and weekness. Until 10750 holds this Rally might extend till 11280 and 11550 in coming days. With some usual obstacles

Now for short term traders major support is at 11035 on spot. Must get out of trading longs below this level if a short term trader

According to time the daily close above or below yesterdays high and low would set the Trend rolling till next Gann Date

Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts

BHARTI AIRTEL Harmonic View

BHARTI AIRTEL above 601 could test 624 and 649 on Spot in coming days

Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts

NIFTY Gann Vibration Analysis

NIFTY achieved the target of 10900 on Friday itself. As mentioned in Friday’s Blog until NIFTY holds the zone of 10710 to 10760 it would test level of 10900 and give a breakout above this level which exactly happened.

So todays Gap up was always expected. The target of this swing is 11100 as per vibration theory so profits should be secured on higher levels. But wait.

Do not attempt any short trade until 10550 is not broken yes range is wide from current levels but as conservative traders we should follow the primary structure which as of now is very strong. Any dipps till 10600 should be utilized to enter longs. Remember markets would always provide opportunities to traders

Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts

NIFTY Gann Angle Setip

NIFTY in no mood to provide a clear direction to traders. This entire week has been spend in well defined range of 10550 to 10900 taking support and resistance to respected points

Since the start of this week the call has been to go short below 10550 and go long above 10900 for further targets. But within this range there were multiple trades on both sides using Gann Angles and Intraday cycle of NIFTY

Now as per Angles 10710 to 10760 is an important support on spot until this holds we might see levels upto 10900 breaking this range on upside. If 10710 is broken then the slide is possible to 10550 on spot. It all depends on levels doesn’t matter what you or I think or assume as traders we must follow the trend derived from important price points

Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts

ADANI PORTS Gann view

ADANI PORTS at an intresting Vibration Point. Major level to watch out would be 298 if it holds then 357 and 397 possible and if 298 breaks then 277 and 252 possible in coming days on spot. Do watch

Opinion Published in this Article is based on my Knowledge and Understanding of Gann Theory. I may or May not have any Trading Positions on suggested Scripts. These Views shall be considered only for Educational Purposes. Any Trading Positions should only be taken after consulting your advisor or obtaining the Gann Trading Course designed by me. I only would post the price levels no charts would be shared here to keep the analysis to the point without writing Lengthy posts