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Sell on rallies strategy worked well even last week as Nifty could not sustain at higher levels. Continue with this strategy for this week also. Follow the Gann level given below.
F&O Trade setup-
As per Gann rules any close below 14600 and 14450 will confirm of a MAJOR TREND REVERSAL and big declines ahead . Major Gann support levels for this week are 14820- 14600- 14450-14330-"14160 to 14220"-13880- 13690 - 13580 -13400-13100 Creating long trades near Gann support levels is suitable only for highly disciplined traders with strict SL below support zones. Major Gann resistance levels are "15130 -15340-15430 - "15525 to 15578"--15630- 15700-15960
GANN TIME CYCLE TRADES--
HIGH RISK AND LONG TERM F&O TRADERS WHO ARE HOLDING NIFTY PUT OPTIONS AND AIMING FOR VERY BIG GAIN (PROFIT 2000++ POINTS) MUST ADD AND HOLD POSITIONS IN JUNE 2021 EXPIRY ATM PUTS ON EVERY RISE. I EXPECT VERY DEEP CORRECTIONS AND MAY BE A VERTICAL FALL WHICH HAS MINIMUM TARGET OF 12400 AND HAS POTENTIAL TO TAKE NIFTY INTO 4 FIGURES IN COMING MONTHS. THIS TRADE HAS NO STOP LOSS LEVEL SO TAKE DECISIONS ONLY IF YOUR RISK PROFILE ALLOWS IT.
TRADing RULES AS PER GANN SYSTEM :
* ALL THE TRADE SETUPS GIVEN ARE VALID FOR THE WEEK ONLY.
Profit booking levels are not mentioned as either you can book profit near Gann support or as per your risk appetite . Trend following and maximizing profit is an ART which is taught to all Gann students at ART OF TRADING
TAKE EXTREME CAUTION IN ALL LONG TRADES FOR ALL THE STOCKS RECOMMENDED BELOW AS LOWER SIDE RISK IS HUGE .
GRASIM FUTURE(MARCH)
F&O TRADE SETUP :- TREND -BULLISH . Strong Gann support zones "1285-1300"-1255-1200. Strong Gann Resistance zones 1370-1406-1445-1485.
TRADING STRATEGY- Buy near support or breakout of resistance and Short near resistance or break down of support. Stop loss above and below the zones as per trading position. Profit booking targets are next zones or as per individual risk appetite.
CONCOR FUTURE(MARCH)
F&O TRADE SETUP :- TREND -NEUTRAL . Strong Gann support zones 580-545-500-455. Strong Gann Resistance zones 676-730-785-845
TRADING STRATEGY- Buy near support or breakout of resistance and Short near resistance or break down of support. Stop loss above and below the zones as per trading position. Profit booking targets are next zones or as per individual risk appetite.