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Nifty FAIL to Hold Above Gann Levels

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Nifty ten days gaining streak pauses near the important Gann level.

The present and next two weeks are crucial, as multiple Gann time cycles will complete their period on the broader time frame.

Today’s price action also hints a bit of a weakness for Nifty bulls, but instead of focusing on the top, let’s discuss the crucial Gann levels to watch for the next few sessions.

The 14227-280 range is crucial. Bulls need to break and hold above the discussed Gann levels for more upside.

Bears need to break and hold below 14040-13999 support range to add up more weakness.

PS: Assumptions or guess works never HELPS in trading. So best is to watch the Price action near the discussed Gann levels for further confirmation on the trend.

Note: The above levels are only for study. Not a Buy/Sell advice.

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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.