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)

13 -17 AUG 2018

NIFTY SPOT :

Nifty did close above 10450 for a day but could not sustain above 10450 and closed well below this the next day. I am not yet convinced with the breakout of pressure price zone. So we will wait for one more week before becoming aggressively bullish. The current week is a pressure week based on Gann time rules. But the trend is definitely bullish and buy on decline is the best strategy for now. Since the trend is up so all short trades given below must be monitored with strict stop loss. 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 near 11360 and keep 30 points trading stop loss below this level.

2) Go long if traders near 11240 and keep 20 points trading stop loss.

3) Go long if nifty trades in the zone of 11165-11185 and keep  stop loss below 11000 on closing ba

4) Go short if trades in the zone of 11560- 11610 and keep closing stop loss above 11650.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 11360-11230-11165-11100-10905 -10550

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11495-11560-11630-11740-11845-11955-12065

BANK NIFTY SPOT: 

 Bank nifty did provide almost 400 points profit by going long above 27900. Now avoid aggressive buying at higher levels. Trend remains up and buy on dips is the best strategy .Follow the trade set up as given below with strict discipline.

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 long if trades near 27770. Keep 30 points trading stop loss.

2)Buy if trades closer to 27605 and keep 50 points closing stop loss below this.

3) Buy if closes above 27330 and keep closing stop loss below 27300.

4)Go short if trades closer to 28370 and keep trading stop loss above 28420

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE  28000-27770-27600-27300-26900-26600

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::28370-28750-29450-30130

GOLD LONDON: 

 Last week it spent just  12 points range but Gann support of 1205 is still maintained. Major trend is still down. So be careful and follow stop loss strictly in all long trades.

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 1240.

2) Buy if trades closer to 1180 and keep closing stop loss below 1170.

3) Buy if trades closer to 1205 and keep trading stop loss below 1195.

4) Go short if it trades near 1266.  Keep 10 points closing stop loss above this level.

5) Go short if trades near 1288 and keep 10 points closing stop loss above this level.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::  1205-1180-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1245-1266-1288-1315

• 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.

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  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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