NIFTY MID SELECT GANN ANALYSIS FOR 30 MAY 2024 EXPIRY
Index has made an ATH at 11120 on 23 Feb 2024 and swing low on 20 Mar 2024 at 10054. A swing of nearly 1066 points. A lower high was made on 12 Apr 2024 at 11030 and a higher low was made on 19 Apr 2024 at 10532. Again a swing of 498 points. Current swing high on Friday is 11000 nearly. So clearly above 11000 we may challenge the lower swing of 11120 very soon. If we open gap up and run smoothly so we may see 11120 today only.
On chart you can see we hit important level of 10525 for a swing low. Next important level for trend to watch is 10840. Intraday for expiry range to watch is 11036 and 10957. Traders can trade this range with confidence with 10996 as bias. Any expansion outside this range will see momentum on either side. Remember to watch fake outs if any.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
On chart you can see we hit important level of 10525 for a swing low. Next important level for trend to watch is 10840. Intraday for expiry range to watch is 11036 and 10957. Traders can trade this range with confidence with 10996 as bias. Any expansion outside this range will see momentum on either side. Remember to watch fake outs if any.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.