(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)
SELL ON RISE STRATEGY IS WORKING WELL SO FAR. SO NO CHANGE IN VIEW AS OF NOW.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
I HOPE THOSE WHO WENT SHORT IN NIFTY LAST WEEK NEAR GANN RESISTANCE LEVELS MUST HAVE MADE GOOD PROFIT.SHORT TERM SUPPORT LEVELS ARE 10070-10000- AND RESISTANCE LEVELS ARE 10450-10505-10660. BUY NEAR SUPPORT AND SHORT NEAR RESISTANCE IS THE STRATEGY AND KEEP 15 POINS STOP LOSS BELOW AND ABOVE ALL THE LEVELS.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
BOOK SOME PARTIAL PROFIT IN SHORT POSITION AND HOLD THE REST. BREAK AND CLOSE BELOW 10000 WILL OPEN LOWER TARGETS TILL 9720.
NO CHANGE IN VIEW.TREND REMAINS DOWN AND SHORT ON RALLY.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
GOING SHORT NEAR 25000 MUST HAVE GIVEN YOU GOOD PROFIT LAST WEEK.SHORT TERM SUPPORT LEVELS ARE 24250-24050 AND RESISTANCE LEVELS ARE 25050-25250-25850. TRADE BOTH LONG AND SHORT AS PER THE LEVELS AND KEEP 30 POINTS SL.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
BOOK PARTIAL PROFIT IN SHORT POSITION AND HOLD THE REST. TREND WILL CHANGE ONLY IF CLOSING IS ABOVE 25050.
MAJOR SUPPORT LEVELS ON CLOSING BASIS AR 24250-24050-23900
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::25050-25250-25850-26450
1278 AND 1300 ARE STRONG SUPPORT LEVELS TO CREATE LONG TRADES.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
RANGE BOUND TRADING IS SUITABLE FOR NOW TILL 1300-1342 RANGE IS NOT BROKEN. SELL NEAR THE TOP OF THE RANGE AND BUY NEAR THE BOTTOM OF THE RANGE. KEEP 10 POINTS STOP LOSS ABOVE/BELOW THE RANGE.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
TAKE LONG TRADE WITH STOP LOSS BELOW 1275 ON CLOSING BASIS.
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR RRR LEVELS TO MINIMIZE RISK.
NEVER BE RIGID IF SUPPORT & RESISTANCE LEVELS ARE BROKEN.
NEVER TRADE WITHOUT STOP LOSS.
PUT STOP LOSS IN THE SYSTEM NOT IN MIND.
Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
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