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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Last week I clearly indicated that any close below 11970 may trigger big selloff . Nifty did go below 11970 briefly but could not close below this. Now closely watch 2 Gann resistance zones @.......
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Lat week I gave two major Gann resistance levels 12160-12170 and 12215 to 12250. Nifty corrected from both the zones. This is the accuracy of Gann levels.
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11610 TO 11630 was strong Gann support zone for Nifty ,where long trades were initiated. It was expected to bounce from this level
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An advance warning was clearly issued regarding the risk of a big downside in Nifty . Refer the weekly newsletter(20-24 Jan'20).
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Last week I clearly indicated the Gann resistance zone and nifty corrected exactly from these levels. Now watch closely the major support area in the zone of 11...........Any breach of this zone on closing basis will indicate 1st signal of surrender by bulls
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