Monday, January 30, 2012

Nifty follows Gann level like child

Gann level just mesmerized today by making nifty dance on it's tune. I am still learning the practical implementation on Gann Level on intraday basis, and it is very encouraging.
  1. Nifty made high and low excatly on Gann Level, one may find it just a coincidence and I also do not want to drag anyone into any kind of argument. But, would not it be very satisfying even if Nifty close with a margin of 5 point from Gann Level.
  2. Today Nifty confirmed hanging man pattern on intraday basis by opening gap down and closing with a huge black candle.
  3. Bulls now need to wait for some time before resume higher run. Let bear finish some unfulfilled task.

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