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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
LOOK AT THE MONTHLY CHART OF NIFTY . GANN STUDENTS VERY WELL KNOW , WHAT A "SLEEPING TIGER" MEANS. WATCH SPECIALLY THE LAST 2 MONTHS CANDLE(JUNE-JULY 2021). NIFTY TRIED TO CROSS 16000 SEVERAL TIMES BUT FAILED EVERY TIME. . SO I AM UNABLE TO CHANGE MY VIEW FOR THE LAST SEVERAL WEEKS.
SUCH IS THE PRESSURE OF GANN PRICE-TIME COMBINATION THAT NIFTY IS FACING STIFF RESISTANCE NEAR 15950 LEVEL. IN ALL PROBABILITIES THIS IS A DISTRIBUTION ZONE.SO I MAINTAIN THAT TREND WILL CHANGE TO BULLISH FROM SIDEWAYS ONLY IF NIFTY IS ABLE TO CLOSE ABOVE 16000 CONVINCINGLY.. EXIT FROM ALL SHORT TRADES ONCE NIFTY IS ABOVE 16000 ON CLOSING BASIS BUT DO NOT GO LONG IMMEDIATELY. WAIT FOR A DIP TO CREATE LONG WITH SL BELOW 15900.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 15640-15450-15300-15000-14700-14400-14150 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 16000-16130-16390
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 OCT 2021 ONWARD. SO CREATE 50% POSITION IN JULY AND NEXT 50% IF CLOSING IS BELOW 15400 OR DURING OCTOBER 2021 IF NIFTY CLOSES ABOVE 16000. TOP FORMATION WILL BE CONFIRMED ONCE WE GET A CLOSING BELOW 15400.
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
HINDALCO FUTURE(AUG)
F&O TRADE SETUP :- TREND -BULLISH (sideways below 370). . Strong Gann support zones 425-410-390-380. Strong Gann Resistance zones 463-485-507
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.
AXISBANK FUTURE(AUG)
F&O TRADE SETUP :- TREND - BEARISH AND VERY WEAK BELOW 700. Strong Gann support zones 700-675-649-625 Strong Gann Resistance zones 730-765-780
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.