Last week we had two successful trades and one SL was hit. Nifty is trading very close to its life time high and the present bullish trend indicates a new life high very soon. However there is one big problem on the path of bulls. As per Gann time rules a big PRESSURE DATE is coming on 16th July'18. If Nifty is unable to rally beyond Monday the 16th pressure date then we may see some corrections from these levels. But if Bulls are able to create a rally in Nifty from 17th July onward then expect this rally to continue further towards a new life high.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 11200 and keep stop loss above 11220 on closing basis.
2) Go long if nifty trades near 10905 and keep stop loss below 10870 on closing basis.
3) Buy if trades closer to 10820 and keep a closing stop loss below 10770.
4) Go short if nifty trades near 11295 and keep closing stop loss above 11310.
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 10905 -10815-10700-10550
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11200-11300-11415-11630
Once again a superb profit was booked in Bank Nifty last week. A successful long trade was created above 26800 and a short trade near 27170. Both the trades were in good profit.Follow the trade set up as 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 26800 and keep closing stop loss below 26750.
2) Buy if trades closer to 26600 and keep closing stop loss below 26550.
3) Buy if closes above 27200 and keep closing stop loss below 27150.
4) Go short if trades near 27160 and keep 50 points closing stop loss above this level.
5)Go short if trades closer to 27650 and keep closing SL above 27700.
6) Go long if closing is above 27700 and keep closing stop loss below 27600.
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE 26800-26600-26425-26000
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::27170-27660-28000
No change in trade setup or levels .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
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