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on 09 Apr 2018 00:00

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)






NIFTY SPOT :

As told last week, Nifty maintained March low and a good recovery rally started from there.

SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::

Buy on dips strategy is still valid till nifty closes below 10090. however near 10355 and near 10560 one can take a short position with 20 points stop loss above these levels.

 LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::

Now it is a partial profit booking time near 10350 in call options purchased last week.  Keep stop loss below 9925 on closing basis for all positional trade.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  10090-9925-9830-9720-9530

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::10355-10485-10570-10635-10770


BANK NIFTY SPOT



Bank nifty also moved in line with nifty. So no change in strategy.

SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::

Buy on dips till 24050 support is broken convincingly. 25050 and 25625 are important levels to watch and disciplined traders can go short near these levels with 30 points stop loss.

 LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::

Book partial profit in call options near 25000 and hold the rest with stop loss below March low. Keep buy on dips strategy.

MAJOR SUPPORT LEVELS ON CLOSING BASIS AR 24050-23600-22900-22600

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::25050-25650-25825-26325



GOLD LONDON::


No change in view as range bound trading continues.

SHORT TERM POSITIONAL TRADES( Holding period 2 to 7 days)::

1319 to 1360 is short term range. Do range bound trading considering these levels. Once 1319 support is broke then it may find support near 1300 and 1280.

 LONG TERM POSITIONAL TRADES( Holding time 1 to 7 weeks)::

Buy on dips is still the best strategy.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1319- 1300-1280-1270-1240

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1365-1380-1425-1490




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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