Last week Nifty moved on the expected line. It made high exactly @ 9119 which was shown on the chart posted on 22 Feb 15. Also it made the exact low of 8849 which also was mentioned in the support levels.
This is the simplicity & beauty of Gann.
For this week if Nifty gives a close below 8795, it would be an invitation for Bears. Start shorting Nifty below the level of 8795, with stoploss @ 8805 on closing basis for the targets of 8751, 8711, 8618-8627, 8526, 8432, 8355, 8235, 8070, 7950.
&
8800 & 8805 is a support zone. Traders with more risk appetite can make long positions near this zone with stoploss @ 8790 on closing basis for the targets of 8851, 8898, 8991, 9062 ,9085, 9119, 9160-9180, 9217.
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
This is the simplicity & beauty of Gann.
For this week if Nifty gives a close below 8795, it would be an invitation for Bears. Start shorting Nifty below the level of 8795, with stoploss @ 8805 on closing basis for the targets of 8751, 8711, 8618-8627, 8526, 8432, 8355, 8235, 8070, 7950.
&
8800 & 8805 is a support zone. Traders with more risk appetite can make long positions near this zone with stoploss @ 8790 on closing basis for the targets of 8851, 8898, 8991, 9062 ,9085, 9119, 9160-9180, 9217.
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| Previous chart posted on 22nd Feb15 |
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| Current Chart |
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
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