How to understand

market behaviour
and
its next move?
Objective, simplified approach by DOC_AMIT
TWITTER ID :doc_nifty contact no: +918780933053

THIS NIFTY ANALYSIS REPORTS ARE FOR EDUCATION PURPOSE ONLY.

DO NOT TRADE BASED ON THIS WITHOUT CONSULTING YOUR REGISTERED

FINANCIAL ADVISOR.

I AM NOT SEBI REGISTRED ANALYST.

THIS REPORT IS FOR PRIVATE CIRCULATION ONLY.

 From 18604 nifty had done its requirement for wave 4 drop n gave sharp bounce
further projection are in chart.

Nifty is facing trend line resistance , it need to move abv 18200 for move towards
18900-19200, unable to cross that we can see 17200-16300-15435(done).

Pattern is suggesting new low is pending.

We are in last phase of wave 4.

 POSITIONAL VIEW
From 18114 nifty is doing wave z.

From 15183 we are in potential wave 4 of ending diagonal n upmove

can go 15880(done)-16000-16175.

15892 n low 15710 imp for next trending move as per gann cycle.

Buy abv 15890 5m close with sl 35 points.

Sell below 15710 with 40 points sl. Pyramiding can be done once below
15670 15m close. Bias is bearish only but we will follow the levels.
 Intraday levels
Intrday levels are same as discussed in positional trade.

They are completely different from position trade direction.

Avoid playing weekly. next week or monthly atm option will work like
future.

At t1 book 25% tsl at cost

t2 book 50% tsl at t1

t3 book fully.
GANN LEVELS