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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
LAST WEEK I CLEARLY INDICATED THAT AS PER GANN PRICE RULES THERE ARE TWO BIG DEATH ZONES FOR NIFTY {16700 TO 16900} & {17350-17400} . NIFTY CORRECTED MORE THAN 300 POINTS EXACTLY AFTER TOUCHING THE DEATH ZONE. HOWEVER THERE WAS AN ERROR OF ALMOST 36 HOURS IN THE PRESSURE DATE EFFECT.
THERE WILL BE NO CHANGE IN THE DEATH ZONES TILL NIFTY CROSSES AND CLOSES CONVINCINGLY ABOVE THE ZONES. SO WHENEVER NIFTY IS TRADING IN THE DEATH ZONES , CREATE SHORT TRADES OR BUY PUT OPTIONS. WATCH CLOSELY 16150 TO 16250 . THIS WILL ACT AS STRONG SUPPORT ZONES.MORE WEAKNESS WILL BE INDICATED IF THIS SUPPORT ZONE IS BREACHED.
F&O Trade setup-
REMEMBER THE RULE SUPPORT CAN BECOME RESISTANCE AND VICE-VERSA
Major Gann support levels for this week are 16250-16150--15900-15700-15450 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 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.
THOSE WHO HAVE ADDED DEC EXPIRY 16500 AND 17000 PUTS LAST WEEK NEAR DEATH ZONE, MUST HOLD SOME POSITIONS FOR BIGGER PROFITS. HOWEVER YOU ARE FREE TO BOOK PARTIAL PROFITS ANY TIME IF YOU HAVE MULTIPLE LOTS OF PUTS.
12500 AND LOWER TARGETS ARE POSSIBLE THIS YEAR ,SO NO CHANGE IN STRATEGY.
NIFTY CAN 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
BAJFINANCE FUTURE(AUG)
F&O TRADE SETUP :- TREND -BULLISH TILL ABOVE 6460 . Strong Gann support zones 6540-6440-6240-6150-6050. Strong Gann Resistance zones 6750-6890-7060-7230
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.
AUROPHARMA FUTURE(AUG)
F&O TRADE SETUP :- TREND - BEARISH TILL BELOW 770. Strong Gann support zones 670-625-576-545 Strong Gann Resistance zones 722-770-790-842
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.