Markets could stage a Bounce in the next few Sessions

Don’t take what we will discuss as a prediction or a forecast.

Instead, take it as a plan which markets can follow (and cannot) for the next few sessions.

The chances are high that Nifty can form a base in the 16600-250 zone. If not permanent, then at least for a temporary bounce. 

And that can happen because:

  1. The 16500 is 50% of the 15671-18114.65 rally.
  2. The 16600-16250 is the SQUARE zone. And when the prices move back to their SQUARES, they form a base or show at least some bounce.
  3. May is an important month as per the free report annual report.
  4. We are approaching multiple crucial timing points.
Nifty can form a base

So, how can you benefit from a bounce (if it happens)?

Watch for a close above the 16900-950 zone. Or watch for the early signs that prices show when they reach a crucial price & time point. In case you don’t know what early signs prices show, then grab a copy of my course signs of changes in trend

The same system works for swing & intraday trades. And I follow the same system for my trades (I have the last copy for this year. The rest of the copies have been sold to the previous students).

I hope this view on markets will help you. – Divesh.

About the author

Divesh Jotwani is a full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day-in and-out markets.