Day trading guide

Nifty has seen a reversal on the downside, unable to sustain above the higher end of the orbit as per gann theory (7569).

Also, it faced resistance at 50% retracement from the previous swing and broke below the midpoint of the gann cycle (7497), which has resulted in sharp correction in previous two sessions.

Given the current scenario, index could revert back to lower-end of the orbit.