NIFTY Analysis for 09 Oct 2020

As discussed yesterday, “Bearish entry did not triggered and 2 targets achieved on bullish side on intraday levels. We did discussed yesterday that now bulls need to move above high of of 31 Aug 20, if bulls were able to takeout 11794 then we can see the rally till 11854-11881-11936. Bears below 11719 to fall till 11664-11611-11584”

Today being an important natural date of Gann combined with formation of perfect Doji index is ready for some exiting move. We can see anywhere between 100-200 points move on break on either side. Bulls need to move above 11854 to move to 11936-11963-11991. Bears below 11800 to move to 11719-11664-11611

For 09 Oct 2020

Buy above 11854 for target of 11881, 11908 & 11936
Sell below 11800 for target of 11773, 11746 & 11719

Trade with Discipline & Strict SL

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