Hi view for NIFTY 5 JULY 2023
Todays Observation
Price clearly took Resistance from the upper angle which is also 0.75 ratio in the Gann Box
then made low exactly at 144 degree 0f Gann sq of 144 19339 level,took support and rised above towards the days high .
now conclusion 0.75 level 19434.15 will act as major Resistance and 144 Degree of 19339 is a major support, any of the side broken and sustains for one more day then we can conclude that higher probability of trades can be taken for next consecutive trading sessions, whichever side the price remains.
note: resistance broken will act as support and support if broken will act as resistance.
Todays Observation
Price clearly took Resistance from the upper angle which is also 0.75 ratio in the Gann Box
then made low exactly at 144 degree 0f Gann sq of 144 19339 level,took support and rised above towards the days high .
now conclusion 0.75 level 19434.15 will act as major Resistance and 144 Degree of 19339 is a major support, any of the side broken and sustains for one more day then we can conclude that higher probability of trades can be taken for next consecutive trading sessions, whichever side the price remains.
note: resistance broken will act as support and support if broken will act as resistance.