As mentioned below the BIG PRESSURE MONTH effect is clearly visible in Nifty. On both the dates 15th and 21st Oct Nifty tried unsuccessfully to breakout above 12000 but it witnessed big sell off(look at the chart). These dates were already announced in previous week's news letter

As mentioned in the last newsletter regarding BIG PRESSURE MONTH, so we witnessed big sell off on 15th Oct which was a Gann date. Nifty to become bullish above ....... and very weak below ........ on closing basis.

Last week I clearly indicated that Trend will become bullish once Nifty is able to close above September high 11618. So now the trend is "Buy on Dips".

Last week nifty spot made a high of 11460 whereas nifty future high was 11466. As indicated in previous week's news letter that it was big Gann pressure week. Those who have purchased .........Book Partial profit whenever you wish but do hold some positions for very Big profit , as this trade has a very fantastic Reward to Risk ratio.

Nifty was not able to close above 11350 and every time it went there selling pressure was visible.The coming week is A VERY BIG...................................

Nifty did not close below the important Gann support level 10900 as mentioned in the last week's news letter. Now it is important to watch ........ and ......... Gann levels

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DOW remained in an inside bar situation , so no change in levels. But it is advisable to book profit near all Gann resistance levels given below and avoid aggressive long and look for creation of short positions near Gann levels.

DOW continues with its upward momentum and it is advisable to book profit near all Gann resistance levels given below.