No problem for Nifty till it remains above 9950-10000 zone and 10900 to 11150 is the super strong resistance zone
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As per Gann time analysis the coming week is a BIG PRESSURE WEEK. Which means a reversal in the current down move can happen anytime in Nifty.
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Note down the support/resistance levels given in red color. These levels are role reversal levels (support becomes resistance and vice versa).
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Those who followed the trade setup and went long in Nifty near 10150 must have made good profit last week. Follow the trade setup ......
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Those who have gone long in Bank nifty near 25000 with closing stop loss below 24950 as per the trade setup given last week, must hold the position with same stop loss
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Huge intra day profit was made in Bank nifty if you would have followed the Gann levels properly.
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Nifty made a low on Wednesday very close to the Gann support level and a superb rally started from there just because the major trend is still up
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I hope all of you must have made superb profit in Nifty last week by going short near 11750 and also below 11600. Long trade near 11425 has also given immediate profit
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Last week also Short trade in Bank Nifty near 28370 gave very good profit. Trend remains bullish till it closes below 27730
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Short trade in Bank Nifty above 28300 has given very good profit last week. Trend remains bullish till it closes below 27700
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