TechMantra

Nifty Near Gann Resistance

NSE:NIFTY   Nifty 50 Index
325 4 6
Nifty             is trading near Gann Resistance. A breakout above will lead Nifty             to 8773,8855,8969 and if unable to break Gann line, we can see 8510,8421. Wait for confirmation and avoid till budget event is over
Trade active
Trade active: First Target 8773 achieved. Book Partial profit
Comment: Nifty closed at pivot level. We could see a big move tomorrow. Keep strict SL.
Comment: Nifty making fun of both bulls and bears. Stay cautious.
Comment: 8840 remains a big hurdle. We might see new highs once 8840 is taken down. Till then its going to remain choppy. Bearish below 8700 for a move till 8600/8555.

We have new time cycle starting from 13 Feb-24 Feb With important trend change date being 13/15/20 Feb
Comment: Nifty continues to play with both bulls and bears. No clear direction yet.
Comment: Gap up opening in last session but closed below Gann line.
Lets see if Nifty closes above gann line with good volumes
Reply
good analysis thank you,with respect to w.d gann
Reply
nifty formed a double top on weekly chart , what possibilities to retest again 8200 ??
Reply
Yes Bro, Nifty Key Point of 8680 cross Upside + + otherwise break Below 8598 Downside ++ ...Now Head (Or) Tail condition.
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