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on 18 Nov 2018 14:42

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)

 

 

19 NOV-23 NOV 2018

 

IMPORTANT ANNOUNCEMENT:


AOT APP (Gann square of 9 calculator) is available now  both at google play store & IOS App store. This App is only for Intra day traders , who trades  in FOREX(major currency pairs) / International Majors(Dow-Gold-Crude-Bitcoin etc)/ NSE (India)/ MCX (india). FREE TRIAL for 30 days. Try it to see the accuracy of Gann levels. To download go to the link below--

AOT APP: iOS application

AOT APP: Android application


Please Note:

Some times markets have exceptional  and unanticipated movements which are not covered in the trade setups given below. In such case note down the support/resistance levels given in red color. These levels are role reversal levels (support becomes resistance and vice versa). It means you can go both long and short near these levels depending upon which side markets are trading and closing. Keep stop loss just above or below these levels on closing basis with some error margin allowed(error margin almost 10 points for nifty and 25 points for bank nifty) . Closing stop loss is only for high risk traders. Smart and low risk  traders can act on breach of levels with error margin.


NIFTY SPOT :


   As a general rule Low risk traders should never use closing basis stop loss.They should rather act every time these important levels are crossed by error margin(read the instructions given above).

Both 10610 and 10700 proved its effectiveness last week. We witnessed some corrections every time it reached near these resistance levels.Nifty remained in a narrow range last week but  Gann levels are always effective.  Now convincing close and trade above 10710 will indicate STRENGTH. Trend will become buy on dips till 10440 is not broken on closing basis.10900 and 11180 is the super strong Gann resistance levels .

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 nifty trades near 10550 , and keep trading stop loss below 10520.

2)Go long if trades near the zone of 10450 and keep closing stop loss below 10420. 

3) Go long if trades and stays above 10710 and keep trading stop loss below 10680 .You can increase your position if closes above 10790.

4) Go short if trades near 10880 and keep 30 points  closing  stop loss above this. 

5)Go short near 11020 and keep closing stop loss above 11050.

6)Go short if trades near  the zone of 11150-1800 and keep closing stop loss above 11220. 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 10530-10440- 10370-10210-10125-9967

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::  10710-10780-10890-11050-11180


BANK NIFTY SPOT: 


 

It has given a positive break out  above 25950 and it stopped exactly near Gann resistance 26320. From this level it corrected 200 points intraday on Friday. A short trade as per the set up given below had given immediate profit on last Friday. Closing above 26350 will indicate more strength.

Follow the trade setups given below and additionally monitor the role reversal levels.

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

1)Buy if trades near  25730  and keep 50 points trading stop loss.

2) Buy if trades near 25400 keep 50 points closing stop loss below 25400.

3)Buy if trades near 25950 and keep 50 points closing stop loss.

4)Go short if trades near 26320 and keep 50 points closing stop loss.

5)Go short near 27020 and keep 50 points closing stop loss.

6) Go short near 27550 and keep 50 points closing stop loss.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   25730-25400-25000-24500- 24250--24000

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE  :: 26320-26550-26750-27050- 27550


 

GOLD LONDON: 


 Gold will remain weak till it does not close above 1245. Superb profits were made in Gold last week by going short as per the trade setup given below. Substantial closing below 1210 will open more downside.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 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 1185 keep 10 points trading stop loss.

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

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


MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1220- 1180-1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1236-1245-1265-1310

 

 

 

  • 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.

     
    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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