AOT WEEKLY NEWS LETTER BASED ON GANN SYSTEM

(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)

 

 

02 JULY - 06 JULY 2018

 

NIFTY SPOT :

Two stop losses were hit last week but finally the long trade taken near 10580 went into 140 points profit in just one trading session. Nifty remains in a range and no clear-cut breakout is visible as of now. Till the breakout happens, do not expect very big profit. Follow the trade setup as given below.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

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 short near 10725 and keep 15 points trading stop loss above this level. If market opens gap up above 10740 then do not initiate this trade.

2) Go short if trades closer to 10780 and keep stop loss above 10840 on closing basis.

3) Go long if nifty closes above 10840 and keep closing stop loss below 10770 on closing basis.

4) Buy if trades closer to 10560 and keep closing stop loss below 10540.

5) Go short if nifty trades near 10930.  Keep 20 points trading stop loss above 10930.

6) Go long if nifty closes above 10950 and keep closing stop loss below 10920.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  10550-10415-10270-9950

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 10780-10930-11115--11200

BANK NIFTY SPOT: 

 

Unfortunately Bank nifty did provide only one opportunity last week and that too stop loss was hit .Let us see what is in store this week. Follow the trade setup given below with total discipline.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

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 above 26820 and keep closing stop loss below 26740.

3) Buy if trades closer to 26000 and keep closing stop loss below 25950.

4) Go short if trades near 26780. Closing stop loss above 26810.

5) Buy if closes above 27200 and keep closing stop loss below 27150.

6) Go short if trades near 27160 and keep 50 points closing stop loss above this level.

7) Go long if closing is above 27700 and keep closing stop loss below 27600. Low risk traders can buy July 27800 call if the trade is initiated and keep the same stop loss.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  26000-25620-25290-24730

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::26810-27150-27660-28000

 

GOLD LONDON: 

 Very clearly indicated last week that Gold has become weak technically after breaking some important support levels. It will gain strength only if able to close above 1310 convincingly. 1235-45 is a strong support zone on closing basis, so keep a close watch on this level.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

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 maximizing profit is an ART which is taught to all Gann students at  ART OF  TRADING.

1) Go short if trades near 1272 and 1284 and keep 5 points trading stop loss above these levels.

2) Buy if trades closer to 1240 and keep closing stop loss below 1230.

3) Buy if trades closer to 1205 and keep closing stop loss below 1180.

4) Go short if it trades near 1305.  Keep 10 points closing stop loss above this level.

5) Go short if trades near 1325 and keep 15 points closing stop loss above this level.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1235-1205-1180-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1305-1325-1365-1380-1425-1490

 

 

 

• 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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  Risk disclosure, Disclaimer, Non-disclosure and conditions of use
   
  Art Of Trading(AOT)/ RRR PROFIT is an educational organization and its founder Shyamal Ranjan Sinha  intends to educate you on techniques and/or analysis and/or hypothetical trading strategies associated with W.D.GANN principle and other forms of market analysis. You have a unique opportunity to learn from the experiences and techniques taught by Shyamal Ranjan Sinha. However, the News Letter/ tutorials do not, and should not be implied to, provide that any level of success or profits shall be attained or realized as a direct result. This is an information service only
   
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