NIFTY SPOT VIEW
According to me the current trend of nifty is now range bound.The up side range is 22800 and down side range is 21700,trend will change after break those
Our expert adviser at Chart Trading and founder of ChartTrading.IN, Mr. Sristi Dhar Ghosh is a qualified Gann Analyst and is globally recognized for his successful endeavors in trading and investing. He holds an MBA degree with specialization in Finance from the accredited SMU in Kolkata, West Bengal. At present, he is working as a Stock Market Lecturer.
As W.D. GANN, the Master Trader in the realm of Trading rightly stated in 1949 that in order to mark your victory in the continuum of trading stocks, it is first imperative to learn before you experience any loss as this has been the case with traders at large, who jumped into the stock market without any prior knowledge and experience adequate capital loss.
Considered by some to be the greatest trader of all time, William Delbert Gann was born on a farm outside of Lufkin, Texas on June 6, 1878. The firstborn of 11 children, Gann never graduated from grammar school or attended high school, having the obligation of working his family’s farm. He was raised as a Baptist and kept his faith throughout life.
According to me the current trend of nifty is now range bound.The up side range is 22800 and down side range is 21700,trend will change after break those
Now Nifty’s major resistance is 22775 and major support is 22460,if nifty able to cross and hold the price above 22775 then I am expecting nifty around 23100.
I think Nifty finally make a mode to change in trend, once again Index could meet the level 21500.If nifty able to maintain below the said level then