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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
AS TOLD LAST WEEK NIFTY TRADED BOTH SIDE GIVING GOOD OPPORTUNITIES TO BOTH BULLS AND BEARS. FOR THIS WEEK ALSO NO CHANGE IN VIEW OR STRATEGIES. FURTHER UPSIDE WILL BE POSSIBLE ONLY IF NIFTY IS ABLE TO CLOSE ABOVE 15070 AND BIG DOWNSIDE ONLY IF NIFTY CLOSES BELOW 14100. TILL THEN TRADE BOTH LONG AND SHORT AS THE GANN LEVELS GIVEN BELOW.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 14740-14400--14100 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 14870- 15070-15340-15430 -15525
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 ADD POSITIONS AT EVERY 500 POINTS RALLIES. SINCE 16TH FEB NIFTY HAS FALLEN MORE THAN 1000 POINTS AND HAS PROVIDED SEVERAL 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 ONCE IT GIVES A WEEKLY CLOSING BELOW 12300 . 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
GRASIN FUTURE(MARCH)
F&O TRADE SETUP :- TREND - BULLISH . Strong Gann support zones 1440-1410-1380-1365-1320. Strong Gann Resistance zones 1482-1522-1603-1685
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. TAKE MAJORITY TRADES IN THE DIRECTION OF TREND.
RELIANCE IND. FUTURE(MARCH)
F&O TRADE SETUP :- TREND - SIDEWAYS. Strong Gann support zones 1915-1880-1840-1760-1680-1620 Strong Gann Resistance zones 2005-2045-2065-2125-2155
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.TAKE MAJORITY TRADES IN THE DIRECTION OF TREND.