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Nifty Clues Before Budget Event

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Updated On:

We have an Important Event of the Budget on 1st Feb & before that, today Nifty has hit the critical, BUY turf/area (Buy Zone).

In the above chart, I have tried to show you the same by the angular way, as the actual method, has not been displayed due to security purposes.

There can be BOUNCE, or maybe we can witness, break down also from this point, as an essential point to note here is that this point will give us solid CLUE, till or even after the budget event also it remains safe.

As this is the multi-dimensional view & presentation of analysis, I will make another post & update on this, if we get a breakout from this point.10500 will be the critical level to watch out for, as close below that can show the levels near 10370 / 10245.

Note: Above mention Price projection & other Information are for educational purposes only.

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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.