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Just read past several week's news letter and see how many times I mentioned regarding JUNE 2019 being a pressure month. Look at the chart now and see yourself , how powerful is Gann system and its time rules. The present decline is not at all a surprise for Gann students. So unless Nifty makes a new Life high , it will remain under pressure. Bulls has last hope in the Gann support zone of 11250- 11400. If Nifty closes below this support zone then it will be another warning for bulls and big upper hand to bears.
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 (11380-11405 )- (11250-11270)- (11030-11060) . Keep 20 points closing stop loss below these zones.
2) Go short in the zone (11635-11650)- (11760-11780)- (11980-12000)-(12070-12110). Stop loss 20 points above the zone.
Trend is weak and down. 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 (815-820)- (845-850)- (908-912). Keep 5 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 (745-755)-(725-730)-(675-685).Keep stop loss of 5 points below each zone.
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