10550-10600 was a super strong Gann resistance level and Nifty made a high of 10553 and corrected more than 350 points from this level.It was also mentioned that last week was a very important week ,and so the high made last week will act as a big resistance for nifty.
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THIS IS A VERY CRUCIAL WEEK FOR NIFTY. WATCH CLOSELY THE RANGE OF ........... IF NIFTY DOES NOT CROSS AND TRADE ABOVE THIS LEVEL THEN GET READY FOR A
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Last week I clearly warned about Big Gann resistance levels ahead and Nifty corrected in a big way from those levels. This week also keep
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NIFTY RALLY IS CONTINUING BUT NOW IT IS TIME TO BE CAUTIOUS AS BIG GANN RESISTANCE LEVELS ARE AHEAD. A CORRECTION IS POSSIBLE FROM GANN LEVELS...................
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Last week I clearly indicated that a short term pull back is possible if Nifty closes above 9190. Nifty rallied towards 9600 very swiftly.
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There is no change in the major trend of Nifty. But short term pull back is possible if it closes above ....... Any close below ....... will start fresh wave of weakness. If neither of the levels are broken then you may expect a range bound sideways movement.
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This week watch closely 2 short term Gann support levels @...... and @........on closing basis. Contra trades can be initiated near these levels for short term gain. Keep tight SL below these levels. Last week you must have made good profit in Nifty by going short near 9550-9600 Gann resistance zone as given in the trade setup.
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Last week both Nifty(short) and Reliance-RIL(long) has given superb opportunity of Profit to all the subscribers. There is no change in major trend as it remains ...........................
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Last week I clearly indicated regarding the next important Gann resistance zone "9800-10000". It was also specified that trend remains down and sell on rise is the best strategy. Disciplined traders were advised to buy put options or short sell near this zone with closing SL above these zones. Those who acted accordingly last week will be handsomely rewarded this week as indicated by sgx nifty which was down almost 500 points.
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You all must have realized by now the importance and power of Gann resistance zone(9150 to 9340) . So watch closely this zone.Buying is not.......................
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