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ART OF TRADING APP: iOS application
ART OF TRADING APP: Android application
FOR ALMOST TWO WEEKS NIFTY FACED TOUGH RESISTANCE WHILE ENTERING THE DEATH ZONE. NOW AS PER THE LAST UPDATE SGX NIFTY WAS TRADING AT 16800+ LEVELS WHICH IS STILL IN THE DEATH ZONE.LET IT CLOSE ABOVE THE DEATH ZONE CONVINCINGLY TO INDICATE FRESH STRENGTH. SO WATCH THESE ZONES CLOSELY TO DECIDE NIFTY STRENGTH. GANN PRICE RULES THERE ARE TWO BIG DEATH ZONES FOR NIFTY {16700 TO 16900} & {17350-17400} .
NO CHANGE IN STRATEGY , CREATE SHORT TRADES OR BUY ATM PUT OPTIONS. KEEP STOP LOSS ABOVE 16900 ON CLOSING BASIS.
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 16845-16860-16900-17000-17165
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
HINDUNILVR FUTURE(SEP)
F&O TRADE SETUP :- TREND -BULLISH TILL ABOVE 2590 . Strong Gann support zones 2640-2590-2565-2500. Strong Gann Resistance zones 2705-2760-2810-2865
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.
LTI FUTURE(SEP)
F&O TRADE SETUP :- TREND - BULLISH TILL ABOVE 5040. Strong Gann support zones 5110-5040-4970-4920 Strong Gann Resistance zones 5330-5405-5480-5551
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.