Potential Reversal Zone/Death Zone

Dec 26, 2016

As per Gann Analysis 8220 is the Balance Point from where we are witness the Reaction.Level 8000 was the long term support which also breached many times and hovering below.Now 7830-7870 may act as Potential Reversal Zone/Death Zone.As this level has the 2nd importance after 8000 level.So we may expect the reversal of trend from here otherwise consecutive closing below 7830-7870 implies Long term Bearish Trend Confirmation.Just wait and watch this level.