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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
LAST WEEK ALSO SELL ON RALLIES STRATEGY WORKED EFFECTIVELY AS ALMOST ALL RALLIES AND GAP UP OPENING WERE EVENTUALLY SOLD OFF.ON FRIDAY NIFTY FOUND SOME SUPPORT EXACTLY NEAR GANN SUPPORT LEVEL 14330. THERE WILL BE NO CHANGE IN STRATEGY THIS WEEK. LOOK AT THE LEVELS GIVEN BELOW FOR ENTRY AND EXIT.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
BEARS WILL HAVE UPPER HAND TILL NIFTY IS UNABLE TO CLOSE ABOVE 15090 . Major Gann support levels for this week are 14330-"14220 to 14160"-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 14850- 15070-15140 -15340-15430 - "15525 to 15578"--15630- 15700-15960
GANN TIME CYCLE TRADES--
THOSE WHO ARE HOLDING MULTIPLE LOTS OF JUNE EXPIRY NIFTY PUT OPTIONS FROM 15400 LEVELS MUST BOOK PARTIAL PROFITS AT EVERY 500 POINTS DECLINE AND REENTER AT EVERY 500 POINTS RALLIES. SINCE 16TH FEB NIFTY HAS FALLEN MORE THAN 1000 POINTS AND HAS PROVIDED GOOD OPPORTUNITIES FOR PARTIAL PROFIT BOOKING TO ALL PUT BUYERS. DO HOLD SOME LOTS OF JUNE EXPIRY NIFTY ATM PUTS FOR BIGGER PROFITS. I AM EXPECTING DEEPER CORRECTIONS BEFORE JUNE 2021. TARGET EXPECTATION OF 12400 IS LIKELY AND HAS POTENTIAL TO TAKE NIFTY INTO 4 FIGURES ALSO IN COMING MONTHS. SINCE 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 BEFORE TAKING LONG TRADES IN ALL THE STOCKS RECOMMENDED BELOW AS LOWER SIDE RISK IS HUGE .
ADANIENT FUTURE(MARCH)
F&O TRADE SETUP :- TREND -SIDEWAYS TO BULLISH . Strong Gann support zones -835-797-765-730-720-645. Strong Gann Resistance zones .907-925-950-962-1024
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.
ACC FUTURE(MARCH)
F&O TRADE SETUP :- TREND -SIDEWAYS TO BULLISH. Strong Gann support zones 1680-1590-1565-1490. Strong Gann Resistance zones 1800-1865-1900-1940-2025
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.