Nifty’s 700-Point Move Explained Through Gann Square of 9
Mar 12, 2026
Nifty has been drifting lower over the past two weeks, consistently failing to close above the previous day’s high except for one instance, keeping the overall bias on the downside.
To analyze this phase, we applied the Gann Square of 9 method, developed by W.D. Gann, to identify key support and resistance levels. In our weekend webinar on 7th March 2026, we projected a downside move toward the Gann level of 24,103. The market validated this view as Nifty reached the target decisively within a single trading session.
Nifty Daily Chart Gann Square of 9 Forecasting in our Masterclass webinar on 07th March 2026
Nifty Daily chart Happened as on 12th March 2026
Why the Gann Square of 9 Works in Live Markets
The method highlights reaction zones rather than exact tops or bottoms, helping traders identify:
- Areas where selling pressure may intensify
- Levels where buyers hesitate to step in
- Zones where price consolidation or pauses are likely
This makes the Square of 9 more useful as a decision-making framework rather than a pure forecasting tool.
Magnetic Nature of Gann Levels
- The Square of 9 is based on the idea that price moves in mathematical harmony.
- Certain price levels act as magnets, attracting price and causing repeated oscillations before a decisive move occurs.
- In the previous week, the Gann magnet level of 24,728 acted as a strong reaction zone where Nifty oscillated for an extended period.
Price Reaction to Key Gann Levels
- Nifty broke below the projected level of 24,103, confirming the downside target.
- After the breakdown, the index extended the decline to a low near 23,556, a fall of more than 700 points in a short span.
Why the Gann Square of 9 Works in Live Markets
The method highlights reaction zones rather than exact tops or bottoms, helping traders identify:
- Areas where selling pressure may intensify
- Levels where buyers hesitate to step in
- Zones where price consolidation or pauses are likely
This makes the Square of 9 more useful as a decision-making framework rather than a pure forecasting tool.
Magnetic Nature of Gann Levels
- The Square of 9 is based on the idea that price moves in mathematical harmony.
- Certain price levels act as magnets, attracting price and causing repeated oscillations before a decisive move occurs.
- In the previous week, the Gann magnet level of 24,728 acted as a strong reaction zone where Nifty oscillated for an extended period.
Price Reaction to Key Gann Levels
- Nifty broke below the projected level of 24,103, confirming the downside target.
- After the breakdown, the index extended the decline to a low near 23,556, a fall of more than 700 points in a short span.
3 Months of #Brahmastra Mentorship Program: Timing the Markets
A limited-seat mentorship program focused on:
- Basics to advanced technical analysis
- Elliott Wave & Neo Wave
- Time cycles
- Stock selection algorithms
- Complete understanding of chart patterns
- Exclusive mentorship sessions
- Simple, practical trade setups that actually work
Fill below form for more details