You all must have realized by now the importance and power of Gann resistance zone(9150 to 9340) . So watch closely this zone.Buying is not.......................
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No change in the levels as Nifty is still trading near crucial Gann resistance zone(9150 to 9340) .
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A big reversal in Nifty took place last week as it was a Gann Pressure week effect. Nifty rallied more than 1000 pints and once again it is trading near crucial Gann resistance zone(9150 to 9340) .
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Last week I indicated that 9150 to 9340 is a very strong resistance zone. Nifty started falling from very close to this resistance zone. The coming week is a truncated week on account of trading holidays. There are just 3 trading sessions this week but please note that this is a very BIG PRESSURE WEEK.
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Nifty found some support just above the crucial Gann support zone. Last week it was also advised to cover all shorts and can go long .
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Sell on rise strategy is working nicely in Nifty and the panic selling also continued. There are two major Gann support zones for nifty..........
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Exact entry and exit levels were provided for Nifty. Superb accuracy in such a volatile market can be provide only by the Gann rules. An intra day profit of more then 1300 points were made .It was a windfall profit day for majority of Gann students.
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This mid week update is being published due to unprecedented crash in Nifty. Today it has broken the very major Gann support levels . So a huge selloff was witnessed. Now what to do tomorrow?
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Last week we witnessed super volatility . Nifty moved almost 200 to 300 points everyday both side. But look at the power and accuracy of Gann levels. I indicated that a technical bounce is possible but trend will remain sell on rise. Nifty did rise very close to the Gann resistance zone near 11400 and finally made low also near Gann support of 10820
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What a Gann Pressure week it was.Nifty corrected more than 800 points.Last week I clearly indicated that any close below 11970 may trigger big selloff .
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