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As anticipated we witnessed good amount of volatility last week and this may continue this week also. However both long and short trades gave good profit . Trend becomes weak if nifty closes below 10500. Initiate your trades as per the trade setup guidelines given below.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 10540 keep 20 points trading stop loss.
2) Go long if trades closer to 10450 and keep stop loss below 10430on closing basis.
3) Buy if trades closer to 10280 and keep closing stop loss below 10260.
4) Go short if nifty trades near 10760. Keep closing stop loss above 10800.
5) Go long if nifty closes above 10800 and keep closing stop loss below 10760.
You must have seen the power and accuracy of Gann levels last week as both the long and short trade gave almost 1000 points profit in each trade. Volatility to continue this week also.So plan your trades as per the guidlines given below.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels .Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Go long if it trades near 25675 . Keep trading stop loss below 25620. High risk traders can buy bank nifty if it does not sustain below 25800 in first 30 minutes on monday. keep stop loss below the low of first hour trade of monday.
2) Buy if trades near 25300 and keep closing stop loss below 25250.
3) Buy if trades closer to 24730 and keep closing stop loss below 24700.
4) Go short if it trades closer to 26280 . Stop loss above 26320.
5) Go short if trades near 27000 . Closing stop loss above 27050.
Gold finally broke the range last week and went very close to the next Gann support level. Trend remains down so sell on rise will be a better strategy.
TRADE SETUP :
Trades given in blue colours are very powerful bullish trade and in red colours are strong bearish trades. Profit booking levels are not given below as either you can book profit as per your risk appetite or you can treat all resistance and support levels given below as profit( partial/full) booking levels . Trend following and maximising profit is an ART which is taught to all Gann students at ART OF TRADING.
1) Buy if trades near 1280 and keep closing stop loss 10 points below 1280.
2) Buy if trades closer to 1250 and keep closing stop loss below 1230.
3) Go short if it trades near 1305 . Keep 10 points trading stop loss.
4) Go short near 1325 and kee 10 points closing stop loss above 1325.
5) Go short if trades near 1344 and keep 5 points trading stop loss.
6) Go short in the zone of 1365-1380 and keep 10 points closing stop loss above this zone.
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR GANN 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.
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