(Please read the Risk disclosure, Disclaimer, Non-disclosure and conditions of use given below before proceeding any further)
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.
GOOD SELL OFF ON DEEPAVALI DAY. NIFTY CLOSED BELOW 10150 . THINK OF BULLISHNESS FOR A TARGET OF 10375 ONLY IF NIFTY IS ABLE TO CLOSE ABOVE 10255. 26TH AND 31ST OCT ARE NEXT IMPORTANT PRESSURE DATES FOR THE MONTH.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
AVOID BUYING TILL IT CLOSES ABOVE 10255. TILL THIS HAPPENS KEEP SELL ON RISE STRATEGY.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
HOLD ON TO YOUR PUTS OF DEC SERIES AND BE PREPARED TO ADD MORE DEC PUTS 10500 OR 10000 IF NIFTY TRADES NEAR 10370.
NO CHANGE IN VIEW OR STRATEGY. 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)::
SELL ON RISE IS THE BEST STRATEGY NOW. 24250 AND 24460 ARE GOOD RESISTANCE LEVELS .
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
24900 WAS RESISTANCE AS TOLD PREVIOUS WEEK. SO BANK NIFTY HAS SHOWN GOOD WEAKNESS FROM THAT LEVEL LAST WEEK AND IT BROKE THE WEEKLY LOW ALSO . GOOD WEAKNESS WILL BE INDICATED ONCE WE CLOSE BELOW 23600. KEEP ADDING NOV PUTS ON EACH SUBSTANTIAL RALLY.
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 23900-23600-23150-22900- 22600
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 24460-24900-25100-25270-26010
TREND REMAINS SIDEWAYS.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
KEEP SELL ON RISE TILL IT CLOSES ABOVE 30000.
LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::
29000 AND 30200 IS THE BROAD RANGE. USE THE BOTTOM OF THE RANGE FOR BUYING AND TOP OF THE RANGE FOR SHORTING.
NO CHANGE IN VIEW. NO WEAKNESS TILL WE GET A CLOSING BELOW 3150.
SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::
3200 AND 3300 SUPPORT IS VALID. CHANGE YOUR STRATEGY TO SELL ON RISE ONCE YOU GET A CLOSING BELOW 3150. MORE STRENGTH ABOVE 3400.
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)::
BUY ON DIPS STRATEGY NEAR 64.5 HAS GIVEN GOOD PROFIT LAST WEEK . 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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