Blog

on 14 May 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 :

Nifty rallied handsomely from the gann support of 10600 and finally crossed the  resistance zone  and also closed above this zone. We are expecting a big volatile week ahead as Karnataka assembly election results can dominate the sentiments in the market. So trade with discipline and do not bargaing with stop loss orders. Trend remains buy on dips . Initiate your trades as per the trade setup guidelines given below.

TRADE SETUP :

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) Buy if trades near 10605 keep 10 points trading stop loss

2) Go long as closing is above 10800 and keep stop loss below 10760 on closing basis.

3) Buy if trades closer to 10375 and keep closing stop loss below 10350.

4) Go short if closing is below 10760.  Keep closing stop loss above 10800.

5) Go short if trades near 11090 and kee 30 points closing stop loss above this level.


MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  10600-10500-10365-10270-10225-10090-9950

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 10960-11115--11200


BANK NIFTY SPOT



As indicated last week that Bank nifty has already taken the leadership role and closing was well above 25750 on monday inteslf . A good rally of more than 600 points started from there. It finally closed above the resistance zone indicating further upmove. Those who have traded long on the basis of "Sleeping Tiger" candle must have made good profit last week. Trend remains buy on dips.

TRADE SETUP :

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 near 26400 as closing is well above the resistance zone . Keep closing stop loss below 26300.

2) Buy if trades near 25950 and keep closing stop loss below 25900.

3) Buy if trades closer to 25470 and keep closing stop loss below 25420.

4) Go short if it trades closer to 27000 . Stop loss above 27050.

5) Go short if trades near 27650 . Closing stop loss above 27700.


MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  25950-25450-25000-24650-24300

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::27020-27660



GOLD LONDON::


No change in view  and trade setup as range bound (1300-1365) trading is continuing in Gold for the last several weeks. Last week both long and short trade has given profit if you followed the trade setup with discipline.

TRADE SETUP :

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) Buy if trades near 1300 keep 5 points closing stop loss

2) Buy if trades near 1280 and keep closing stop loss 10 points below 1280.

3) Buy if trades closer to 1240 and keep closing stop loss below 1225.

4) Go short if it trades near 1325 .  Keep  5 points trading stop loss above 1325.

5) Go short near 1333 and kee 5 points trading stop loss .

6) Go short if trades near 1344 and keep 5 points trading stop loss.

7) Go short in the zone of 1365-1380 and keep 10 points closing stop loss above this zone.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1300-1280-1270-1235

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1334-1345-1365-1380-1425-1490




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


AOT / RRR PROFIT, its managers, members, employees, agents, representatives, attorneys, successors and assigns, and affiliated companies (collectively the �AOT / RRR PROFIT group� assume no responsibility, obligation or liability for any loss or expense which may be incurred as a result of the utilization of the instruction provided during the seminar, workshop or in the tutorial. By your execution of this Risk disclosure, Disclaimer and conditions of use agreement (RDD) you are agreeing to the forgoing and you waive any such responsibility, obligation and liability on the part of the AOT / RRR PROFIT group. Constituents� parties of the AOT / RRR PROFIT group may be a broker or dealer or a member of any stock exchange or any other security exchange and also may be registered with any regulatory agency. However, when acting as constituent of the AOT / RRR PROFIT group they do not assume any of the other roles they may play individually. The services provided by the AOT / RRR PROFIT group are for the soul purpose of education/ or entertainment.


By your execution of RDD agreement you hereby acknowledge and agree to the following : (a) The AOT / RRR PROFIT group has not made any representation, or warranties of any kind whatsoever that your trading activities will result any profits: and (b) You acknowledge and agree that all trading decisions that you make hereafter shall have been by means of your sole determination and not by means of the assistance of the AOT / RRR PROFIT group: and (c) Trading can involve high risk with the potential for substantial losses and (d) Seminar/Workshop/Course/News Letter fees are nonrefundable.


Non-disclosure agreement

By reading this agreement you agree that no part of any publication or information received from the AOT / RRR PROFIT may be reproduced, stored in retrieval system, transcribed or transmitted in any form by any means, electronic, photocopy, mechanical, recording or otherwise with or without the prior written permission of AOT / RRR PROFIT.. This copyrighted material is for your personal use only and you cannot assume ownership of the same.


You must read, acknowledge and agree to the conditions set forth in this RDD agreement before proceeding any further. If you do not agree to this RDD agreement then you must inform to AOT/ RRR PROFIT in writing within 24 hours  after the start of your subscription or else it will be considered as your consent to the RDD agreement.