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AOT Gann Weekly News Letter (India) 03-07 DEC'18
By Art of Trading
on 30 Nov 2018 16:26

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)

 

 

03-07 DEC 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).

Last week I clearly wrote that Nifty  is out of bear grip and will eventually trade and close above 10780 resistance.  Exactly the same happened. It was also advised to  give more preference to buy in dips strategy  and this also worked superbly. So those who took a long trade near 10510 must have been rewarded handsomely last week.10900-11050 and 11180 is the super strong Gann resistance levels . Nifty was unable to close above 10900 Gann resistance. Buy on dips strategy is still ok but keep a close watch of Resistance levels also.

Follow the trade setup as given below.

TRADE SETUP :

* ALL THE TRADE SETUPS GIVEN BELOW ARE VALID FOR THE WEEK ONLY.

 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)10780-10610 -10555-10490 -10370 are support levels. You can plan to buy near all these levels and  keep 30 points stop loss below each levels. Only high risk traders can keep stop loss on closing basis. Give special attention to the levels given in the RED colour below. Going short is allowed if these levels(red coloured) are broken convincingly.

2) 10900-11050-11180 -11465 are resistance levels. Go short  if trades near these levels and keep 30 points stop loss above each levels.Only high risk traders can keep  closing  stop loss. Give special attention to the red coloured levels given below. You can go long above these levels on convincing break and close.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 10780-10610-10555-10490- 10370-10260-10210-10125-9967

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::  10900-11050-11180-11465


BANK NIFTY SPOT: 


 

26350 was a red level zone and as instructed that both side trade can be taken depending upon which side Bank nifty is trading and closing. Those who have gone long above this level must have made good profit. 27050 is also a red  level zone and see how it corrected from this level on last Friday. Trend still remains buy on dips.

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.

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) 26550-26400-26300- 26100-25900 are support levels. You can plan to buy near all these levels and  keep 50 points stop loss below each levels. Only high risk traders can keep stop loss on closing basis. Give special attention to the levels given in the RED colour below. Going short is allowed if these levels(red coloured) are broken convincingly. 

2) 27050-27220-27550 -27900-28200-28400 are resistance levels. Go short  if trades near these levels and keep 50 points stop loss above each levels.Only high risk traders can keep  closing  stop loss. Give special attention to the red coloured levels given below. You can go long above these levels on convincing break and close.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   26550-26400-26300-26100-25900 -25300

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE  ::  27050- 27220-27550-27900-28200-28400


 

GOLD LONDON: 


So far Gold is unable to breach 1230 -35  resistance zone . Good strength will be indicated once it closes above 1245.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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