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As expected we witnessed huge volatility last week which ultimately resulted in upward breakout . But remember that we are passing through an extreme powerful PRESSURE DATE ZONE.So watch carefully the high made till 09th Nov 2020. A reversal in present trend is expected from these levels till nifty closes above 09th high. Two important dates to be watched this month are 09th and 14th Nov2020. Both the dates are capable of reversing the present up trend.
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 (12000-12025)-(11900-11930)-(11775-11800)-(11500-11540). Keep 20 points closing stop loss below these zones.
2) Go short in the zone (12325-12350)-(12430-12450)-(12500-12550)-(12750-12800). Keep Closing Stop loss of 20 points above this zones.
Major trend is UP. Keep buy on dips 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) Buy zone (2790-2800)-(2740-2760)-(2590-2630). Keep 10 points closing stop loss below each zone .
Major Trend is DOWN . 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) Short Sell in the zone of (946-950)-(965-975)-(1000-1010)-(1045-1055) Keep closing stop loss of 5 points above each zone.
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