No change in Nifty view or strategies. Major trend to remain sell on rise till it closes above .................. Any break below ................ and ......... will indicate big weakness. Closing above 11...... will indicate sideways movement.
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Finally 31st Aug behaved exactly as predicted PRESSURE DATE as per Gann Price-Time cycle.11800 to 11820 was the short sell zone as given in the Trade setup. Nifty made a high of 11794 which was very close to the sell zone.
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Axis Bank major trend is UP. Keep buy on dips strategy near Gann levels . Follow the trade setups as given below.
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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.
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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...................................
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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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Last week Nifty made a high of 11341 but was unable to close above 11300. So the bears are still alive in the market and deeper correction is possibility once Nifty closes below .......
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Now the previous week's high of Nifty is 11240 ,which is a strong Gann resistance level also. So this week if Nifty closes above ............ on any day then the whole structure of the market will change and Nifty will be out of bear grip completely.
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NIFTY HAS MANY ROAD BLOCKS AHEAD.WE WITNESSED ALMOST 350 POINTS CORRECTION LAST WEEK AND REMEMBER THIS IS THE LAST AND FINAL WEEK FOR ...........................
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AS INDICATED LAST WEEK THIS WEEK ALSO PLAN TO ............ IN NIFTY AT HIGHER RATES.FOLLOW THE LEVELS GIVEN BELOW TO PLAN YOUR TRADE.
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