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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
NIFTY FACED RESISTANCE ONCE AGAIN NEAR 15000 AND GOOD CORRECTION STARTED FROM THERE . NOW WATCH CLOSELY 14400 AND 15100 FOR EITHER SIDE BREAKOUT. AS OF NOW CHANCES OF A LOWER SIDE BREAKDOWN HAS HIGH PROBABILITIES.WATCH CLOSELY THE GANN SUPPORT AND RESISTANCE LEVELS GIVEN BELOW FOR TRADE SETUP.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 14590-14400--14100-13800-13590 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 14840-14970- 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
BALAKRISHIND FUTURE(MARCH)
F&O TRADE SETUP :- TREND - BULLISH . Strong Gann support zones 1836-1818-1786--1740--1660. Strong Gann Resistance zones 1885-1975-2025-2120
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.
MARICO FUTURE(MARCH)
F&O TRADE SETUP :- TREND - BULLISH. Strong Gann support zones 466-455-440-433-415 Strong Gann Resistance zones 490-530-577
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.