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on 27 Oct 2018 19:40

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)

 

 

29 OCT-02 NOV 2018

 

IMPORTANT ANNOUNCEMENT:


AOT APP (Gann square of 9 calculator) is available now  both at google play store & IOS App store. This App is only for Intra day traders , who trades  in FOREX(major currency pairs) / International Majors(Dow-Gold-Crude-Bitcoin etc)/ NSE (India)/ MCX (india). FREE TRIAL for 30 days. Try it to see the accuracy of Gann levels. To download go to the link below--

AOT APP: iOS application

AOT APP: Android application


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 :


  Avoid stop loss on closing basis as big intraday movement is happening everyday. Let the market stabilize first then use stop loss on closing basis. As a general rule Low risk traders should never use closing basis stop loss.They should rather act every time these important levels are crossed by error margin(read the instructions given above).

Nifty did provide several rallies from 10100 support till settlement but finally closed below this important support level on last Friday. Now since the closing is below this important support level so deeper corrections in future is not ruled out. But the real question is ,whether this will happen immediately or after giving  substantial bounce. As per Gann time analysis the coming week is a BIG PRESSURE WEEK. Which means a reversal in the current down move can happen anytime. So now it is time to be very careful with all the short trades.Keep strict stop loss and avoid going short in panic. First signal of a reversal will be indicted once we start trading and closing above 10140 continuously. Closing above 10300 will further confirm the strength and potential for a higher levels. Whereas closing below 9940 will indicate more downside.

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 closes above 10150  and keep closing stop loss below 10100.

2)Go long if trades near the zone of 9950-80 and keep closing stop loss below 9940. Red level zone.

3) Go long near 9830  and keep stop loss below 9800 on closing basis.

4) Go short near 10400 and keep trading  stop loss of 50 points above this. 

5) Go short if trades near 10700 and keep 30 points trading stop loss above this. 

6)Go short if trades near  the zone of 10850 and keep 30 points closing stop loss above 10850. 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE::   9967- 9830-9570-9450-9290-9180

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 10370- 10410-10710-10780-10850-11050-11180


BANK NIFTY SPOT: 


 

As told last week the position remains that bank nifty is in still better position than Nifty.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

1)Buy if trades near  24050  and keep 50 points closing stop loss.

2) Buy if trades near the zone of 24250-24300 and keep 50 points closing stop loss below 24250.

3) Buy if trades near 23600 and keep 50 points closing stop loss.

4)Go short if trades near the zone 25900 and keep 50 points closing stop loss above this.

5)Go short if trades near 25360 and keep 50 points closing stop loss.

6)Go short near 25500 and keep 50 points trading stop loss.

 

MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE   24250--24000-23600-23400-23000

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 24360-24500-24900-25300-25900-26000-26320-26550-26750-27050


 

GOLD LONDON: 


 No  major change in trade set up. Look at the chart.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 if trades near 1220 and keep stop loss below 1210.

4)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:: 1220- 1180-1153-1120-1045

 MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1236-1245-1265-1310

 

 

 

  • 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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