Outlook on Nifty using WD Gann theory:
I was more interested to trade TODAY @ 17730 & @ 17806 which did not come so did not take any position in this. Though Nifty as per Energy number gave a trading opportunity by crossing 17643 organically, it made a high of 17683. Sgx nifty traded at 17700 looks like expected tradable points will be given in the opening only. (Below attached image relevant to 17643 crossover)
Nifty Prediction For 4/9/22
(Given Levels are Spot Levels):
Nifty Important Gann Levels mentioned below in 2 categories i.e.
A) Reversals (Bounce) &
B) Rejections.
A) Possible Tradable Reversals From (Bounce):
* 17250,
* 16954 (Rare but possible ONLY if Nifty gaps down & falls from 17215)
B) Possible Tradable Rejections From:
* 17885, If tomorrow Nifty opens Gap up or from near 17623 level than it is morel likely to happen.
* 17730, A Rejection from this Gann level is possible If tomorrow 17475 remains the low.
Intraday Time Of Reversals For Nifty:
12:24 | 12:55 | 13:22 | 14:13
Watch out if any 5 mins candle of Nifty is able to close above or below mentioned time’s price candle (5 mins).
As Per Energy Number:
2/9/22 HP 17643 & LP 17476 very important.
If Nifty crosses 17643 organically, quick buy side trade can be taken for 60-70 points (Avoid Gap ups, e.g. if it opens above HP 17643 then wait until it comes below 17643 & then wait for crossover above 17643)
Same way If Nifty breaks 17476 organically, quick sell side trade can be taken for 60-70 points (Avoid Gap down, e.g. if it opens below LP 17476 then wait until it comes above 17476 & then wait for breaking below 17643).
Nifty as per Gann Square Of 9 Chart:
| Upside | |
| 05/09/22 | |
| Degree | Nifty |
| 0 | 17540 |
| 45 | 17606 |
| 90 | 17673 |
| 135 | 17739 |
| 180 | 17806 |
| 225 | 17873 |
| 270 | 17940 |
| 315 | 18007 |
| 360 | 18074 |
| LP | 17540 |
| HP | ? |
Explanation part of the selected concept of WD Gann Theory which is applied on Nifty 50:
Nifty 50 started moving Upward from marked 0 degree point.
Here, 0 Degree is 17540 & 180 degree is 17806.
In Normal Case I prefer to trade when it reaches 180 degree before 14:30 or it reaches 360 degree before 14:45. A trade in opposite direction.
[Movement of Nifty 50: Normal case 0 to 180 degree & rare case 0 to 360 degree (Trade can be taken only if 180 or 360 degree distance is covered before 14:30 or 14:45)]
Disclaimer
Given levels are for Educational Purpose only and not trading recommendations. I am Not a S.E.BI. Registered Advisor. Do your own research before making any trades. I shall neither be responsible for your loses nor profits.
Thank You.
Niraj M Suratwala
