Nifty Approaching Critical Support Area
In our last Nifty analysis, we pointed out that Nifty has hit the critical, BUY turf/area (Buy Zone), which I posted on 29th Jan before the Budget event.
That analysis gave us an excellent move of 500 profit points, especially to our True Market Rhythm course students.
Nifty is again inching towards vital support area 10700-10680, which will remain in focus, for the next trending move & about further developments in the market.
Most traders look out for just Dates or for certain TIME & their "High or Low" to have a breakout, which in my view is not entirely appropriate or not the way of profiting in the long run.
As it is first & foremost it's essential; for one to understand the delicate structure of Price & Time developments, which is the core principle behind every move as that is the missing application in most of the so-called trading methods.
But that is not the case here, at this site, our each method has been designed or discovered or re-discovered on the proper structure of Price & Time, the same has been presented in the above post, where "TIME" alerted, us about it's upcoming & possible move & that with the significant amount of surety.- Divesh