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on 15 Dec 2018 14:03

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)

 

 

17-21 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).

As expected it was a huge volatile week. I asked to avoid carry forward positional trade on last Monday and those who followed it must have avoided the gap down opening. Anyway Nifty found support exactly near to Gann support 10310  and a huge rally followed from there. So buy on dips advice was perfect and also see  how the red colored role reversal level 10370 has acted.  Buy on dips trend remains intact.

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)10750- 10630-10580-10500-10370-10310 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) 10850-10940-11050-11180 -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:: 10750-10630-10580-10500- 10370-10260-10210-10125-9967

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::  10850-10900-11050-11180-11465


BANK NIFTY SPOT: 


 

In spite of huge volatility Bank nifty found support exactly near Gann support 25600 and a good rally followed from there.27050 remains an important Gann resistance level .Trend  remains buy on dips. Any close below 25600 will indicate weakness and good strength will be indicated once it closes above 27100.

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) 26650-26200-25900 -25600-25300-25150-24500 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   25900 -25600-25300-25150-24500

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


 

GOLD LONDON: 


 1236 support has worked superbly.Trend remains buy on dips. Now next important level to watch is 1266. Any close above this level will indicate good strength.

.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 maximizing profit is an ART which is taught to all Gann students at  ART OF  TRADING.


1)1236-1225-1215-1195-1180 are support levels. You can plan to buy near all these levels and  keep 5 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) 1266-1284-1297-1310-1325 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:: 1236-1225-1215-1195- 1180-1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1266- 1284-1297-1310-1325

 

 

 

  • 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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