niftyintune

Potential Reversal Zone/Death Zone

NSE:NIFTY   Index of the 50 listed India companies
133 0 0
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.
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