Now this is the accuracy of Gann levels. Nifty was not able to give a close above our stop-loss level of 7960.
All those who have shorted Nifty in the zone of 7921-37 must be enjoying very good profits. With a stop-loss of only 20 points today (as on today's closing) we are getting a reward of 170 points. A risk-reward of 1:8. The levels of 7921-37 was given on 22nd Nov. and see after 7 trading days Nifty respected Gann levels.
Nifty is heading towards an important support zone of 7715-7690. A close below 7680 would be an open invitation for Bears.
Major resistance levels are 7821, 7921, 7980, 8025, 8060, 81300-65.
Major support levels are 7715, 7690, 7539, 7475, 7367.
20th - 24th Dec very very important & strong pressure dates zone for the month of December.
All those who have shorted Nifty in the zone of 7921-37 must be enjoying very good profits. With a stop-loss of only 20 points today (as on today's closing) we are getting a reward of 170 points. A risk-reward of 1:8. The levels of 7921-37 was given on 22nd Nov. and see after 7 trading days Nifty respected Gann levels.
Nifty is heading towards an important support zone of 7715-7690. A close below 7680 would be an open invitation for Bears.
Major resistance levels are 7821, 7921, 7980, 8025, 8060, 81300-65.
Major support levels are 7715, 7690, 7539, 7475, 7367.
20th - 24th Dec very very important & strong pressure dates zone for the month of December.
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