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Nifty Index Daily Chart Update

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Updated On:

Dear Readers,

In our last“Nifty Near Potential Pivot Point” analysis, We predicted down move can happen below 11620-11632 & market reacted in the same way.

One of our Unique trading methods hinted to early about this turn & gave us nearly 225 points move.Now, we are currently trading below Gann angle, in days to come we strictly need to follow 11611 level for getting turn back to the upside.

If prices failed to close above 11611, then we could see the market heading towards the black angle line as shown in the above chart.

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

The above is the Post which I published last week 6th Sep for Blog members only.We can see how precisely we Forecasted this down move of the Nifty Index around 3-4 days before only.

Nifty did a high of 11603 on Friday & failed to cross our 11611 levels, and today it has made a low of 11453(while writing this post).

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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.