Nifty: Calculation through Time
Nifty has completed
first section and is now heading towards its second. It is always easy to
remember like this to avoid confusion. As we are aware that there are only 3
section, a possibility of 4th will either make a double top or any
other formation which will help us to initiate fresh position.
We have used Square
of 9 technique which is a master calculator in identifying the change in trend,
its swing and change of date. We have shown this in the chart where we have
come to the conclusion that Nifty can rally further till 1st Of
August 2013. Also we have used speed angles to justify our self that how much
price can move higher with the help of this angle.
Analysis:
As mentioned above
after completing section 1, the index is moving in section 2 which proves that
it has ample of space to rally further. Second most important thing is we have
calculated Price with time again a very important indicator to foresee the
change in trend. This was only possible with the help of Gann analysis as we
went in the past and saw that prices has favored certain degree of angle and
has maintained is accuracy over the time. With his angle we came to know that
Nifty will rally further till August 1st and then the rally will
exhaust.
We have also used
speed angles, a very simple yet effective. To get the desired result from these
angles all you have to do is place it at right spot and at right time. Also
with the help of Square of 9 technique, the index will change its trend from
….. which coincidentally matches with ……
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