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)

06 -10 AUG 2018

NIFTY SPOT :

Last week a small stop loss of just 15 points was hit in a short trade. But  we very clearly wrote that the trend is buy on dips. Those who followed the trend must have been rewarded amply. This week is very important as we are passing through a Gann pressure price and next week pressure time zone. So aggressive trades are not advisable. we would like to remain in a wait and watch mode with bullish bias. Nifty must close above 11450 convincingly to achieve higher targets. Since the trend is up so all short trades given below must be monitored with strict stop loss. 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 long if traders near 11240 and keep 20 points trading stop loss.

2) Go long if nifty trades in the zone of 11165-11185 and keep  stop loss below 10140 on closing basis.

3)Go long if nifty trades near 10930. SL on closing below 10900.

4) Go short if nifty trades near 11440 and keep closing stop loss above 11460.

5) Go short if trades closer to 11610 and keep closing stop loss above 11650.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 11230-11165-11100-10905 -10550

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11415-11525-11630-11740-11845-11955-12065

BANK NIFTY SPOT: 

 Bank nifty was not a good performer last week if we compare it with nifty. Trend remains up and buy on dips is the best strategy for now .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)Go long if it closes above 27900. SL below 27840 on closing basis.

2)Buy if trades closer to 27455 and keep trading stop loss below 27420.

3) Buy if closes above 27330 and keep closing stop loss below 27300.

4)Go short if trades closer to 27650 and keep closing SL above 27700.

5) Go long if trades near 27050 and keep closing stop loss below 27000.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  27450-27300=26900-26600

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 27875-28080-28750

GOLD LONDON: 

 Once again it found support exactly at Gann level 1205 and a good 20 points bounce from there. Trend remains week and sell on rallies are better trade now.

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 1230-35 zone and  keep trading stop loss above 1240.

2) Buy if trades closer to 1180 and keep closing stop loss below 1170.

3) Buy if trades closer to 1205 and keep trading stop loss below 1195.

4) Go short if it trades near 1266.  Keep 10 points closing stop loss above this level.

5) Go short if trades near 1288 and keep 10 points closing stop loss above this level.

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

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1245-1266-1288-1315

• 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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