NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
As the time is short I have changed today's format of this post.
1. It seems that the effect of the 24th month discussed by me as hypothesis for the past few weeeks has actually set in. For those who are acedemically inclined, the fall last time was 937 and this time till yesterday it was 232. Do I need to say more?
2. As gap down open is a foregone conclusion, we may expect some meaningful support around 5165.
3. Real problem starts below 5165 as we enter a new trading range after 24 weeks. Considering the Friday effect we should be content with low of about 5165 today.
4. As I have been mentioning in my post - please avoid bottom fishing unless you know the bottom. I don't know yet and cerrtainly not below 5165. It could be 4900 - 4400 or what about the gaps left on the weekly chart when we saw gap up opening affter the last election results.
5. Two things are certain to happen today. More readers will start looking at simple Gann Ideas more seriously and those who had the courage and conviction of buying 5000 Put last week will feeling happy. Please keep booking profit partially and keep some for next week. After all profit is the sole purpose of this exercise.
May GOD bless us all!
Ketan Asher.
Hi Mr.Ketan Asher,
ReplyDeleteyour blog and post are one of the best i admire..Need to appreciate your effort and update..Keep doing the same ever.
Thanks for the appreciation.
ReplyDeleteKeep Learning & Best Wishes,
Ketan Asher.