We are entering into a very very volatile week, as election results are going to be announced on 16/5/14. So trade with very cautious approach and with very strict stop-losses.
Well, Nifty started its downward journey on 25/4/14 @ the Gann level of 6870. And again took support on 08/5/14 @ the Gann level of 6638 (suggested level was 6636). And finally on 9/5/14 again stopped @ the Gann level of 6870. This is the beauty of Gann studies.
Take short positions in Nifty @ 6870-6887 levels with stop-loss @ 6902.
Resistance levels are 6870-6880, 6965, 7010, 7198, 7304
Support levels are 6803, 6764, 6699, 6666, 6636, 6584, 6518.
* All levels mentioned are of Nifty Spot
Well, Nifty started its downward journey on 25/4/14 @ the Gann level of 6870. And again took support on 08/5/14 @ the Gann level of 6638 (suggested level was 6636). And finally on 9/5/14 again stopped @ the Gann level of 6870. This is the beauty of Gann studies.
Take short positions in Nifty @ 6870-6887 levels with stop-loss @ 6902.
Resistance levels are 6870-6880, 6965, 7010, 7198, 7304
Support levels are 6803, 6764, 6699, 6666, 6636, 6584, 6518.
* All levels mentioned are of Nifty Spot
 |
| Nifty Spot |
This Information is really good and informative. Thanks for it.
ReplyDeleteCheck below links and get useful information.
Auto Industry