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on 22 Sep 2018 14:11

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)

 

 

24-28 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 :


Rumor of ILFS problem created huge  and unexpected panic in the market. However as per my analysis the bottom made by nifty is an aberration as nifty could not stay at those rates even for 5 minutes. So the coming week becomes very important with regard to the major trend. Any closing below 11000 will definitely indicate a loss of strength and the major trend will become sideways from bullish. To show good strength nifty must trade and remain over 11205 on closing basis.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 the zone of 11140-11160. Keep closing stop loss below 11130.

2)Go long near 11000 and keep trading stop loss below 10080.

3)Go long near 10850  and add more till 10780 and keep closing below 10760.

4) Go short near 11205 and keep closing  stop loss of 20 points above this. If stop loss is hit reverse your trade and go long with SL below 11160.

5) Go short if trades near 11350 and keep trading stop loss above 11370.

6)Go short if trades near 11460 to 11520 and keep closing stop loss 11540.

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 11140-11000-10850 -10780-10550-10370-9950

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 11205-11315-11350-11525-11630-11760-11845-11955-12100


BANK NIFTY SPOT: 


 

Last week we clearly wrote that Bank nifty trend was weaker as compared to nifty. So no surprise  but panic was over done. But even in condition of panic see the accuracy of Gann levels. Look at the intra day  chart(bottom one) above and see yourself how beautifully the level 26000 and 25200 has worked. 26000 level was given in red colour meaning role reversal. It means support become resistance. Huge intra day profit was made  if you would have followed these levels properly.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 in the zone of 25000-25200. Keep 50 points closing stop loss below 25000.

2)Buy if trades near 24460 and keep 50 points closing stop loss.

3) Buy if trades near 24000 and keep 50 points closing stop loss.

4)Go short if trades closer to 26000 and keep 50 closing stop loss above 26000.

5)Go short if trades near 26700 and keep closing stop loss above 26760.

6)Go short if trades near 27200 and keep 50 points trading stop loss.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   25200-25000-24740-24460-24000

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::26000-26200-26750-27000-27300-27765-28370-30130

 

GOLD LONDON: 


  No change in Gold levels as it is still playing in the range of Gann levels. 1215 and 1180.Short term trend is up but 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
     
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