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TechMantra
Jan 30, 2017 6:41 AM

Nifty Near Gann Resistance 

Nifty 50 IndexNSE

Description

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.
Comments
TechMantra
Lets see if Nifty closes above gann line with good volumes
UnknownUnicorn646072
good analysis thank you,with respect to w.d gann
rathirathi2001
nifty formed a double top on weekly chart , what possibilities to retest again 8200 ??
vijay73
Yes Bro, Nifty Key Point of 8680 cross Upside + + otherwise break Below 8598 Downside ++ ...Now Head (Or) Tail condition.
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