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 ) &
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 likey 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 Master Chart :
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 ) ]
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.
Niraj M Suratwala