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)

20 -24 AUG 2018

NIFTY SPOT :

As indicated last week, Nifty behaved exactly on that line . There is a big fight between bulls and bears at the the higher levels just because it happens to be a Gann pressure price and time zone. However since the trend is bullish so buy on dips is the best strategy as of now.Those who followed the trade setup given below must have made good profit in Nifty by going long near 10360. 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 near 11350 and keep 30 points trading stop loss below this level.

2) Go long if nifty trades in the zone of 11165-11185 and keep  stop loss below 11000 on closing ba

3) Go short if trades in the zone of 11560- 11610 and keep closing stop loss above 11650.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 11360-11230-11165-11100-10905 -10550

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11495-11560-11630-11740-11845-11955-12065

BANK NIFTY SPOT: 

 Very clearly warned last week to avoid long trade at higher rates.Look at the chart above  and see how it corrected from the top.Buy on dips trade has rewarded handsomely by going long near 27770 as per the trade setup. Trend remains bullish till it closes below 27700.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 trades near 27750. Keep 50 points closing stop loss.

2)Buy if trades closer to 27605 and keep 50 points closing stop loss below this.

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

4)Go short if trades closer to 28370 and keep trading stop loss above 28420

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  27750-27600-27300-26900-26600

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::28370-28750-29450-30130

GOLD LONDON: 

 For the last several weeks we have clearly indicated that Major trend in Gold is  down. So be careful and follow stop loss strictly in all long trades. It broke all support levels and made a low around 1160. No change in view. Sell on rallies is the best strategy for now. Any closing below 1115 will indicate extreme weakness. Follow the trade setup 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 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 1245.

2) Go short if it trades near 1260.  Keep 10 points closing stop loss above this level.

3) Go long near 1155 and keep 10 points closing stop loss

4)Go long near 1125 and keep 15 points closing stop loss.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1190-1228-1265-1310

• 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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