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)

09 JULY - 13JULY 2018

NIFTY SPOT :

Look at the intra day chart(above) and see yourself , how nicely nifty followed the Gann levels and also the trade set ups were very effective.Only two trades(1& 2) were initiated last week. On Monday at opening bell a short trade was initiated near 10725 which was near the highest point of the day  and on the same day a profit of more than 100 points were available. Later on, nifty once again stopped near 10780 a Gann resistance level but profit was just 50 points. Last week I clearly mentioned that in a range bound trading ,do not expect 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 if nifty trades closer to 10930 and keep stop loss above 10950 on closing basis.

2) Go long if nifty closes above 10800 and keep  stop loss below 10750 on closing basis.

3) Buy if trades closer to 10560 -10600 as this is a strong support zone and keep closing stop loss below 10540.

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

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  10600-10550-10415-10270-9950

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

BANK NIFTY SPOT: 

Superb profit of more than 500 points was booked last week in Bank nifty by going long near the day low on Monday. Follow the trade set up given below with strict 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 maximizing 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 ::26810-27050-27150-27660-28000

GOLD LONDON: 

 Accuracy of Gann levels are very well visible in the Gold chart. Gann support zone 1235-1245 has worked perfectly. A good 20 points bounce  was witnessed from that level. Any close below 1230 will indicate further weakness for levels below 1200. 

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 1280 and  keep 10 points trading stop loss above 1280.

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

3) Buy if trades closer to 1200 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 :: 1285-1305-1325-1365-1380-1425-1490

• 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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