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MID WEEK UPDATE:
Last week I clearly warned about Big Gann resistance levels ahead and the market corrected in a big way from those levels. This week also keep sell on rise strategy as per the trade setup given below.
TRADERS -Follow the Gann levels and 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 (9810-9830)- (9550-9575) -(9380-9400)-(9180-9200). Keep 30 points closing stop loss below these zones.
2) Go short in the zone (9970-10000)-(10160-10200)-(10370-10400)-(10550-10600) . Keep Closing Stop loss of 30 points above this zones.
Trend is DOWN. Keep short on rallies strategy near Gann levels .
Follow the trade setups 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) SHORT SELL zone (5610-5620)-(5690-5710)-(5750-5760)-(5850-5870). Keep 10 points closing stop loss ABOVE each zone .
Trend is bearish . Keep sell on rise 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 short in the zone of (1140-1150)-(1184-1194)-(1225-1235) Keep closing stop loss of 5 points above each zone.
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