Do I need to say something about Gann levels....??
In my last post I very clearly said to short Nifty @ 7550 & see the beauty of Gann levels that today Nifty made a high of 7547 and from there corrected almost 100 points and even took support again at Gann level of 7447 See Here. We have posted our trade plan in advance. Market showed reaction exactly @ the Gann level. Those who have shorted with must be enjoying good profits.
Today's Risk Reward Ratio is 1:10.
Our trade plan still remains the same. Sell Nifty @ 7550 with SL @ 7560 on trading basis.
If stop-loss triggers then again sell @7590-7600-7625 zone with strict stop-loss @ 7635 on trading basis.
Buy Nifty if 7279-7252 zone comes, with stop-loss @ 7240.
Major resistance levels are 7550, 7589-91, 7600, 7685 7777-7787, 7804, 7972,
Major support levels are 7445-22, 7306, 7369, 7283, 7186, 7113, 7065 6980, 6825.
* All levels are of Spot
In my last post I very clearly said to short Nifty @ 7550 & see the beauty of Gann levels that today Nifty made a high of 7547 and from there corrected almost 100 points and even took support again at Gann level of 7447 See Here. We have posted our trade plan in advance. Market showed reaction exactly @ the Gann level. Those who have shorted with must be enjoying good profits.
Today's Risk Reward Ratio is 1:10.
Our trade plan still remains the same. Sell Nifty @ 7550 with SL @ 7560 on trading basis.
If stop-loss triggers then again sell @7590-7600-7625 zone with strict stop-loss @ 7635 on trading basis.
Buy Nifty if 7279-7252 zone comes, with stop-loss @ 7240.
Major resistance levels are 7550, 7589-91, 7600, 7685 7777-7787, 7804, 7972,
Major support levels are 7445-22, 7306, 7369, 7283, 7186, 7113, 7065 6980, 6825.
* All levels are of Spot
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