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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
THE PRESSURE DATE EFFECT ON NIFTY WAS JUST FOR 2 DAYS AND 200 POINTS ONLY. FINALLY IT MADE NEW HIGHS EVERY DAY AND CONTINUED WITH THE BULL TREND. NEXT WEEK 16TH AUGUST IS ONCE AGAIN A VERY IMPORTANT GANN PRESSURE DATE. SO JUST LIKE PREVIOUS WEEK IF NIFTY IS ABLE TO MAKE NEW LIFE HIGHS 17TH AUG ONWARD ON CLOSING BASIS, THEN THIS PRESSURE DATE EFFECT GETS NULLIFIED. SO WATCH CAREFULLY AFTER 17TH AUGUST TO DECIDE THE DIRECTION OF MARKET.
JUST REMEMBER THE BIG PICTURE AS PER GANN PRICE RULES THERE ARE TWO BIG DEATH ZONES FOR NIFTY {16700 TO 16900} & {17350-17400} .
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 15640-16200-16140-16070-15900-15790-15450 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 16555-16642-16715-16845-16860-17000
GANN TIME CYCLE TRADES--
HIGH RISK & HIGH REWARD TRADES --
SINCE NIFTY HAS GIVEN A CLOSING ABOVE 16000, SO THOSE WHO HAVE A POSITION IN DEC EXPIRY 15000 AND ABOVE PUTS, JUST HOLD ON. NEXT ROUND OF REMAINING 50% POSITION SHOULD BE ADDED IN DEC EXPIRY 16000+ STRIKE PRICE PUTS. WE WILL INDICATE IT HERE , WHEN TO ADD FURTHER POSITIONS.
TODAY I HAVE INDICATED THE UPCOMING DEATH ZONES IN NIFTY AS PER GANN PRICE RULES {16700 TO 16900} & {17350-17400} . IF YOU SEE NIFTY IN THESE ZONES START ADDING 16500 AND 17000 DEC SERIES PUT OPTIONS.
12500 AND LOWER TARGETS ARE POSSIBLE THIS YEAR ,SO NO CHANGE IN STRATEGY.
NIFTY WILL FALL 25-30% AS CORRECTION IS OVER DUE SINCE MARCH 2021. THE PRESENT RALLY IS AN EXTENDED ONE AND HAS POTENTIAL TO GIVE A FALL LIKE 2008 .
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
BHARTI AIRTEL FUTURE(AUG)
F&O TRADE SETUP :- TREND -BULLISH TILL ABOVE 610 . . Strong Gann support zones 620-610-598-575. Strong Gann Resistance zones 640-651-676-703-730
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.
CUMMINSIND FUTURE(AUG)
F&O TRADE SETUP :- TREND - BULLISH TILL ABOVE 900. Strong Gann support zones 949-930-899-870 Strong Gann Resistance zones 995-1025-1057-1090
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.