Last Friday you all must have got almost 200 points profit same day as Nifty corrected exactly from Gann levels as suggested below.
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Big rally in NIFTY was witnessed last week on account of exit poll and sweeping victory by BJP on 23rd. Long position in 11200 call must have rewarded you handsomely
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Those who have bought 11200 call option as suggested previous week must be in good profit now and those who have carried forward position can hold it till Nifty trades convincingly below ..........
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So finally we have seen the power of Gann Pressure price zone effect in Nifty. More than 600 points correction from the top ......
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For the last two weeks I am clearly indicating to avoid long trade in Nifty in the zone of 11760 to 11870 as this is big Gann pressure price zone
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The power of " Pressure price zone" was clearly visible last week. Nifty was unable to cross this zone and corrected exactly from Gann pressure price zone.
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Last week I clearly indicated regarding " Pressure week and Pressure price zone. Nifty was unable to make new high and so we witnessed some correction.
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Both long and short trades in Nifty gave good profit last week. As per Gann price and time rules ,the coming week is a very crucial "Pressure Week".
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No change in Nifty trend . We are now very close to all time high. It is time to be cautious now and avoid any kind of aggressive breakout buying
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Nifty rallied almost 150 points from Gann support near 11400. Two weeks ago I wrote that Pressure date effect may push it to retest all time high.
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