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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
UNFORTUNATELY THERE WAS NO NEWSLETTER LAST WEEK AS MY FATHER PASSED AWAY ON 28TH JUNE DUE TO POST COVID LUNGS COMPLICATIONS.
YOU MUST HAVE NOTICED THAT HOW POWERFUL ARE GANN RESISTANCE ZONES , NIFTY COULD NOT CROSS THESE LEVELS THE WHOLE MONTH.ALSO I INDICATED THAT JUNE 2021 WAS A VERY BIG GANN PRESSURE MONTH.SO THERE ARE HIGH POSSIBILITIES THAT THIS MAY BE THE LAST MONTH FOR THE BULLS. SO KEEP SHORT ON RISE STRATEGY TILL NIFTY IS ABLE TO CLOSE ABOVE 16000. WE WILL BE BULLISH AGAIN ONLY ABOVE 16000.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 15600-15450-15300-15000-14700-14400-14150 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 15900-16130-16390
GANN TIME CYCLE TRADES--
HIGH RISK & HIGH REWARD TRADES -- 12500 AND LOWER TARGETS ARE POSSIBLE THIS YEAR ,SO ONE CAN ADD POSITIONS IN DEC 2021 EXPIRY 15000 AND ABOVE PUTS. NIFTY WILL FALL 25-30% AS CORRECTION IS OVER DUE SINCE MARCH 2021. DISTRIBUTION PHASE IS GOING ON. THE PRESENT RALLY IS AN EXTENDED ONE AND HAS POTENTIAL TO GIVE A FALL LIKE 2008 ANY TIME SOON. THE FALL SHOULD START JULY 2021 ONWARD AND IN WORST CASE SEPTEMBER 2021 ONWARD.
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
TATA CONSUMER FUTURE(JULY)
F&O TRADE SETUP :- TREND -BULLISH ABOVE 750 AND SIDEWAYS BELOW THIS. . Strong Gann support zones 750-720-690-668. Strong Gann Resistance zones 775-785-842
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.
PIDILITE FUTURE(JULY)
F&O TRADE SETUP :- TREND - BULLISH ABOVE 2100 AND BELOW IT SIDEWAYS. Strong Gann support zones 2135-2100-2075-2045-2020 Strong Gann Resistance zones 2210-2305-2400
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.