Day Trad­ing Guide

The Economic Times - - Smart -

Weak­ness could set in, once Nifty breaks be­low the lower-end of the re­cent trad­ing range (8830-8710). 8710 is the first line of de­fense as per gann rule of 8, and the same co­in­cides with the three-digit gann num­ber of 8710. Since Septem­ber 2016, 21-DMA has been act­ing as a point of ref­er­ence, con­firm­ing ma­jor turn­ing points. The same is placed at 8635, which co­in­cides with 180 de­gree from the re­cent top of 8827. So, be­low 8710, Wed­nes­day’s de­cline could ex­tend to­wards 8640.

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