(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)
TEAM AOT WISHES HAPPY AND PROSPEROUS DEEPAWALI TO ALL OF YOU
GOOD NEWS: :AOT HAS LAUNCHED A NEW APP "GANN SQ 9 CALCULATOR" AT GOOGLE PLAY STORE FOR ANDROID USERS. THIS IS FREE TO USE FOR THE FIRST 30 DAYS. IT HELP S YOU IN FINDING IMPORTANT INTRADAY LEVELS FOR MORE THAN 1500 NSE SPOT STOCKS. YOU CAN ALSO CALCULATE IMPORTANT GANN RETRACEMENT LEVELS BY USING THIS APP.
AS PER PRESSURE WEEK RULE WE HAVE GOT A TRIPLE TOP FORMATION . NOW WHAT NEXT? 26TH AND 31ST OCT ARE NEXT IMPOSTANT PRESSURE DATES FOR THE MONTH.
IF NIFTY GIVES CONVINCING CLOSE ABOVE 10200 HEN WE MAY SEE FURTHER UPSIDE TILL 10375 OR ELSE EXPECT A DECLINE FROM HERE ONLY.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
ONLY DAY TRADERS ARE ALLOWED TO BUY ABOVE 10200 BUT BELOW 10180 KEEP SELL ON RISE STRATEGY
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
THOSE WHO HAVE ADDED 10000 DEC PUT LAST WEEK WHEN NIFTY WAS ABOVE TEN THOUSAND MUST BE PREPARED TO ADD MORE DEC PUTS 10500 OR 10000 IF NIFTY TRADES NEAR 10370. IF UNABLE TO TRADE AND CLOSE ABOVE 10200 THEN DOWNTREND WILL START FROM HERE ONLY.
BANK NIFTY IS STILL INDICATING WEAKNESS IF YOU COMPARE IT WITH NIFTY. SO FAR THE STRUCTURE IS CLEARLY VISIBLE AS "LOWER TOPS LOWER BOTTOMS". SO TILL WE GET A NEW HIGH STRATEGY WILL REMAIN SELL ON RISE.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
MAJOR WEAKNESS WILL BE INDICATED ONCE WE CLOSE BELOW 24000. DO JUST DAY TRADING OR THE TIME BEING.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
NO CHANG IN VIEW OR STRATEGY OR LEVELS. KEEP A CLOSE WATCH ON SEP LOW . BREK BELOW THIS LEVEL ON CLOSING BASIS WILL TAKE IT TOWARDS 23100 . YOU CAN BUY NOV SERIES ATM PUTS ON ANY RALLY AND KEEP SL ABOVE 24380 ON CLOSING BASIS.
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 24350-24000-23600-23150-22900- 22600
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::24900-25100-25270-26010
AS EXPECTED NOTHING MUCH HAPPENED LAST WEEK. TREND REMAINS SIDEWAYS.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
CAN BUY ON DIPS TILL 29590 IS BROKEN . BELOW THIS LEVEL YOU CAN SHIFT THE STRATEGY TO SELL ON RISE.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
29000 AND 30200 IS THE BROAD RANGE. STILL SIDEWAYS.
NO CHANGE IN VIEW.CRUDE OIL HAS CLOSED ABOVE IMPORTANT RESISTANCE LEVEL. NO WEAKNESS TILL WE GET A CLOSING BELOW 3100.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
LAST WEEK IT RALLIED AROUND 150 POINTS FROM THE STATED SUPPORT NEAR 3200. CHANGE YOUR STRATEGY TO SELL ON RISE ONCE YOU GET A CLOSING BELOW 3150. MORE STRENGTH ABOVE 3360.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
3480 IS A MAJOR RESISTANCE AREA AND UNLESS WE GET A CLOSING ABOVE 3500 CONVINCINGLY THERE WILL NO CHANGE IN MAJOR TREND. SO KEEP SHORT ON RISE STRATEGY.
USDINR FUTURE ROLLING ::
NO CHANGE IN MAJOR TREND AS IT IS STILL BEARISH. FOLLOW THE TRADE SET UP AS GIVEN BELOW DEPENDING UPON YOUR TRADING PROFILE.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
NO CHANGE IN STRATEGY.KEEP BUY ON DIPS STRATEGY TILL IT CLOSES BELOW 64.5. 66.35 AND 67.25 ARE MAJOR RESISTANCE AREA AND WILL ACT AS PROFIT BOOKING ZONE ALSO.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
SELL ON RISE.RESISTANCE LEVEL ABOVE 66 IS STILL POWERFUL . THERE WILL BE NO CHANGE IN MAJOR TREND TILL IT CLOSES ABOVE 67.5
IMPORTANT TRADING RULES::
PLAN YOUR TRADE THEN TRADE YOUR PLAN.
ALWAYS TRADE NEAR RRR 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.
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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