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As told last week to expect a sideways market and the same happened. Last Friday you all must have got almost 200 points profit same day as Nifty corrected exactly from Gann levels as suggested below. No change in levels or trading strategy for this week.
Follow the trade setup as given below.
TRADE SETUP :
* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.
Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit(partial/full) booking levels . Trend following and maximizing profit is an ART which is taught to all Gann students at ART OF TRADING
1) Go long if nifty trades in the zone of (11575-11630)- (11415-11430 ) . Keep 20 points closing stop loss below these zones.
2) Go short in the zone 12040-12070. Stop loss above 12080 on closing basis.
3) Go long if Nifty closes above 12080 and keep closing stop loss below 12030.
Trend is down and keep short on rise strategy near Gann levels. .
Follow the trade setups given below.
TRADE SETUP :
* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.
Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels .Trend following and maximizing profit is an ART which is taught to all Gann students at ART OF TRADING.
1)Short sell zone (691-93)- (701-03)- (716-18)-(728-30). Keep 3 points stop loss above each zone .
Trend is bullish . Keep buy on decline strategy near Gann levels..
Follow the trade setup as given below.
TRADE SETUP :
* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.
Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximizing profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Go long in the zone of (549-51)-( 531-33)-(524-25).Keep stop loss of 2 points below each zone.
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