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NIFTY 50 INDEX GANN ANALYSIS FOR MONTHLY EXPIRY 30 MAY 2024Nifty 50 Index made an ATH at 23110.80 on 23 May 2024 at 11:45 candle. Thereafter it saw profit booking after hitting the psychological figure of 23000. We retraced to an important level of 22857 as seen on charts. Next day we opened gap up but missed the 23000 figure by1/2 points and closed near 22888 levels. We saw further gap down opening on 29 May 2024 where we opened below the level of 22857 and continued downwards during the day. Important level to watch is 22683. For tomorrow expiry range to watch is 22741 and 22625. Beyond which we may see extension on either side to 22741 and 22567. Further expansion if seen could take us to next range of 22799 and 22451. Make use of the levels and make some decent profits for self. Also spread the word. Happy Trading !!!
NSE:NIFTY
by kbr9121965
NIFTY 50 GANN ANALYSIS OF APRIL 2024 MONTHLY EXPIRY NIfty 50 Index has hit the target of 22792.35 as per the chart ... actual ATH was 22775.70 on 10 April 2024. The break of important level of 22726 on 12 April 2024 gave a indication of lower values on it. We corrected significantly after the ATH and went down seriously to form lows at the cluster levels of 21890.75 and 21861.70... actual low was a overthrow with downside momentum prevalent in the index with geopolotical situation conducive and the bears capitalising on it. The level of 21800 is a seasonal point and short covering rally was expected after immediately conquering the level. Friady whole day we saw the index recoerving nearly 400 points intraday. Monday gap up showed the bulls strength and the level of 22327 was crossed in the day and the important level of 22239.75 was backtested which showed further strength for the index rally. For the expiry one level will suffice the trend determination which is 22414.25... above it we are positive and vice versa on the index. Resistance seen at 22501 and supports at 22327. Enjoy the bullish sentiments still prevalent in the golden period of the index rally. Its amazing to see a growth of 200 percents from 7511.1 to the current highs in last 4 years. Time is important than Price keep watching the three dimensions of the Markets .... Price Time and Volume... Always have 3D picture of the Cube of the Markets which has six faces four on the side and two making the top and bottom.... The top face boundary is from 20000 to 24000 roughly calculated... Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
NSE:NIFTY
by kbr9121965
NIFTY 50 INDEX GANN ANALYSIS 45 MIN TF WEEKLY EXPIRY 18 APR 2024Nifty 50 chart shows the swing move to the ATH at 22775 and the correction thereafter on it. Its a 45 min timeframe chart. We started the move from 21715 and hit ATH at 22775 a neat 1060 points move on the index. Correcting downwards we hit the Gann 50% level in the gap down move. Backtested the 2/3 rd range and we now at the support of 1/3 rd of the range. One needs to appreciate the geometry of the markets how picture perfect it is. Intraday Levels to watch is 22114 and 22070. Expansion above the level of 22247 and fall may seen to continue below level of 21981. Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
NSE:NIFTY
by kbr9121965
NIFTY 50 HOURLY GANN LEVELS CHART EXPIRY 04 APR 2024Nifty 50 hits a double top around 22523.75 levels seen on chart. First hit was at 9:00 am on 01 April 2024 a April fool day. then second hit was at 12 pm on 03 April 2024 level was 22521.10. This was a lower top on earlier top at 22529.95 so it was a clear short with 10 points stop loss on high of 01 April 2024. Not forgetting the high of 28 march 2024 at 22516 making it a triple top. Yesterday we saw a rise of nearly 175 points and we retraced 56.25% of the rise in afternoon. Gann 50% rule was at work again....can't forget it ....my money spinner for last 10 years.... For today's expiry we have important level at 22440.50 as trend decider... Use it as your trading bias.... Use a +/- range of 33 points on either sides for breakouts or fake-outs as and when they happen.. Happy Trading !!!
NSE:NIFTY
by kbr9121965