Nifty once again in the way of reaching near the long term GANN Resistance point 5420 region. Chart shown above is Nifty Daily GANN Chart. The intermediate GANN Supports coming around 5240 weakness will prevail only on closing below 5240 on EOD basis. Possibly market could move in the range bound fashion between 5240-5400 till this expiry season
Rajandran R Follow
Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Nifty Again Nearing the long term GANN resistance point
13 sec read
raj,
seems gann support has been broken on eod…do u see immediate weakness and where is shorter term gann support?