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on 15 Sep 2018 17:14

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 SEP 2018

 


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 :


Last week I clearly indicated that some more downside is not ruled out. Nifty made a low on Wednesday very close to the Gann support level and superb rally started from there just because the major trend is still up. This clearly indicates the importance of Gann levels.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 if nifty trades near 11385 and keep  stop loss below 11350 on closing basis.

2) Go long near 11250. Keep 20 points trading stop loss .

3)Go long near the zone of 11205-11160. Keep closing stop loss below 11130.

4) Go short near 11590 and keep closing  stop loss above 11660

5) Go short if trades near 11750 and keep closing stop loss above 11775.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 11250-11205-11165-11050-10905 -10780

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11630-11760-11845-11955-12100


BANK NIFTY SPOT: 


 

Bank nifty is in little weaker position if compared to Nifty. So both long and short trades are advisable  as per the Gann levels.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.

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 26900. Keep 30 points closing stop loss.

2) Go short if trades near 27300 and keep 50 points closing stop loss.

3)Buy if trades near 26500 and keep 50 points closing stop loss.

4) Buy if trades near 26000 and keep 50 points closing stop loss.

5)Go short if trades closer to 27470 and keep closing stop loss above 27560

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   26450-26000- 25200

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::27555-27765-28370-28750-29450-30130

 

GOLD LONDON: 


  Look at the support and resistance levels given below. 1215 is a Gann resistance level. look at the chart and see hoe Gold has corrected from this level twice.Short term trend remains up till it closes below 1180. Till now 1180 is maintained , so no change in view. However major trend is still down, so all long trades must be followed 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 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::  1180-1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1215-1228-1236-1265-1310

 

 

 

  • 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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