This week watch closely 2 short term Gann support levels @...... and @........on closing basis. Contra trades can be initiated near these levels for short term gain. Keep tight SL below these levels. Last week you must have made good profit in Nifty by going short near 9550-9600 Gann resistance zone as given in the trade setup.
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Last week both Nifty(short) and Reliance-RIL(long) has given superb opportunity of Profit to all the subscribers. There is no change in major trend as it remains ...........................
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Last week I clearly indicated regarding the next important Gann resistance zone "9800-10000". It was also specified that trend remains down and sell on rise is the best strategy. Disciplined traders were advised to buy put options or short sell near this zone with closing SL above these zones. Those who acted accordingly last week will be handsomely rewarded this week as indicated by sgx nifty which was down almost 500 points.
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You all must have realized by now the importance and power of Gann resistance zone(9150 to 9340) . So watch closely this zone.Buying is not.......................
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No change in the levels as Nifty is still trading near crucial Gann resistance zone(9150 to 9340) .
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A big reversal in Nifty took place last week as it was a Gann Pressure week effect. Nifty rallied more than 1000 pints and once again it is trading near crucial Gann resistance zone(9150 to 9340) .
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Last week I indicated that 9150 to 9340 is a very strong resistance zone. Nifty started falling from very close to this resistance zone. The coming week is a truncated week on account of trading holidays. There are just 3 trading sessions this week but please note that this is a very BIG PRESSURE WEEK.
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Nifty found some support just above the crucial Gann support zone. Last week it was also advised to cover all shorts and can go long .
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Sell on rise strategy is working nicely in Nifty and the panic selling also continued. There are two major Gann support zones for nifty..........
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Exact entry and exit levels were provided for Nifty. Superb accuracy in such a volatile market can be provide only by the Gann rules. An intra day profit of more then 1300 points were made .It was a windfall profit day for majority of Gann students.
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