(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)
GOOD NEWS: :AOT HAS LAUNCHED A NEW APP "GANN SQUARE OF 9 CALCULATOR" AT GOOGLE PLAY STORE FOR ANDROID USERS. THIS IS FREE TO USE FOR THE FIRST 30 DAYS. IT HELP S YOU IN FINDING IMPORTANT INTRADAY LEVELS FOR MORE THAN 1500 NSE SPOT STOCKS. YOU CAN ALSO CALCULATE IMPORTANT GANN RETRACEMENT LEVELS BY USING THIS APP.
RANGE BOUND (10260-10650) TRADING IS WITNESSED IN NIFTY. SO SELL NEAR THE TOP OF RANGE AND BUY NEAR THE BOTTOM OF THE RANGE IS THE STRATETEGY FOR THE TIME BEING.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
FOLLOW THE RANGE AS MENTIONED ABOVE.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
LAST WEEK I ASKED YOU TO GO SHORT IN THE THE RANGE OF 10630 -10730. LOOK AT THE CHART ABOVE. NIFTY TOUCHED EXACTLY 10631 AND A GOOD CORRECTION STARTED FROM THERE. IT IS TIME TO BOOK PROFIT AS WE ARE APPROACHING CLOSER TO THE SUPPORT ZONE OF 10260. ONLY DISCIPLINED TRADERS CAN INITIATE LONG TRADE CLOSER TO THE SUPPORT ZONE WITH CLOSING STOP LOSS BELOW 10250.
IT WENT VERY CLOSE TO THE STARTING OF RESISTANCE ZONE NEAR 25750. GOOD SELL OFF STARTED FROM THERE.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
24750 IS THE SUPPORT AREA. TILL IT IS BROKEN BANK NIFTY TO REMAIN RANGE BOUND.BUY NEAR THE SUPPORT AND KEEP 30 POINTS SL BELOW THIS LEVEL.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
THOSE WHO CREATED SHORT NEAR 25700 MUST BOOK PROFIT NOW AS WE ARE NEAR SUPPORT LEVEL. BANK NIFTY IS IN VERY WEAK POSITION SO I WILL NOT RECOMMEND CREATING POSITION LONG HERE BEFORE CONFIRMING OTHER PARAMETERS ALSO.
MAJOR SUPPORT LEVELS ON CLOSING BASIS AR 24750-24600-23900
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::25750-26250-26800-27050-27620
NO CHANGE IN VIEW OR LEVELS.KEEP STOP LOSS FOR ALL LONG TRADES BELOW 1300
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
RANGE BOUND TRADING IS SUITABLE FOR NOW TILL 1300-1366 RANGE IS NOT BROKEN. SELL NEAR THE TOP OF THE RANGE AND BUY NEAR THE BOTTOM OF THE RANGE. KEEP 10 POINTS STOP LOSS ABOVE/BELOW THE RANGE.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
GOLD FOUND SUPPORT VERY CLOSE TO 1300 AND MORE THAN 20 POINTS BOUNCE FROM THERE . LOOK AT THE CHART. BELOW 1300 IT MAY TOCH 1278. SO KEEP SL BELOW 1300 FOR ALL LONG TRADES.
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR RRR LEVELS TO MINIMIZE RISK.
NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
NEVER TRADE WITHOUT STOP LOSS.
PUT STOP LOSS IN THE SYSTEM NOT IN MIND.
Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
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