NIFTY SPOT: View for 10th February 2012 Nifty remains in the resistance zone and it has to break two more important resistance levels ON CLOSING BASIS as given below to show further strength.Day traders must be enjoying this move as WAGAH BORDER remains intact. There is no change in view for Positional traders. Avoid buying completely and look for March ATM puts only.5435 is very very crucial level on closing basis. Even breach of this level does not trigger a buy call for Gann positional traders rather be prepared to buy more PUTS(March) when instructed.. Major support levels are 5270-5190-5128- 5075 and major resistance levels on closing basis are 5418-5435.
NIFTY SPOT: View for 13th February 2012 For the last one week I am writing that above 5212 upward journey is not going to be smooth as lot of hurdles are there. Just look at the chart Nifty has spent the whole of last week in just 100 points range. In fact all Gann students must be aware that it has formed a SLEEPING TIGER on weekly chart.But even in this 100 points range Nifty provided several buying and selling opportunities to all the GANN RRR Day Traders as it maintained the Wagah Border several times. View for positional traders remains the same.Avoid buying completely and hold the March ATM puts. Low risk traders can trigger their stop loss only when Nifty closes above 5435 on any day after 13th FEB 2012. Those aiming for BIG GUNS can hold without SL only if they are ready to buy more puts on any subsequent rally.Positional calls are never given for 100-200 points profit. All GANN Positional traders have already earned more 600 points in this Jan rally.Major support levels are 5320-5270-5215-5128- 5075 and major resistance levels on closing basis are 5418-5435-5490-5535.
NIFTY SPOT: View for 14th February 2012 Just look at the power of Gann Levels.Nifty unsuccessfully tried at least six times to break the crucial Resistance zones of 5418 & 5435 but resistance is maintained till today because not only the Pressure Price but also the Pressure date was in action. So far Nifty has given sufficient respect to the Gann levels.BUT tommorow on wards if these levels are breached on any day on closing basis ,please book loss in your March ATM puts as Pressure Date was effective till 13thFEB only.
Only high risk traders who are willing to add more March puts( no futures) near 5490 and 5535 can hold 50% of their capacity. Day traders:: keep trading both long and short as per Wagah Border.
Major support levels are 5320-5270-5215-5128- 5075 and major resistance levels on closing basis are 5418-5435-54905535.
NIFTY SPOT: View for 16th February 2012 Nifty finally breached the most important level of 5435 with a gap.. This is no ordinary level and it has long term meaning attached to it. All Gann ultimate traders are aware of it as how important this was for survival of Bulls. Once again I remind you that there is no hurry to buy as market will provide several buying opportunities at much lower rate.So hold on to the Mach 5400 and 5600 puts for handsome gains. Those who can not take risk of 100-150 points(put option premium) for a profit of 400-500 points should not venture now. More over if Nifty closes above 5540, do not add further puts immediately, just hold on the positions taken so far. Day traders:: keep trading both long and short as per Wagah Border.
Major support levels are 5418- 5320-5200 and major resistance levels on closing basis are 5540-5567-5599.
NIFTY SPOT: View for 17th February 2012 It looks like Nifty is not going to relent much in Feb series. So hold on to the Mach 5400 and 5600 puts for handsome gains. Those who can not take risk of 100-150 points(put option premium) for a profit of 400-500 points should not venture now. More over if Nifty closes above 5540, do not add further puts immediately. This is purely a short covering rally and in worst case it can stretch up to to 5736 before falling to 5128 in the March series. So hold on the positions taken so far.RRR traders:: keep trading both long and short as per Wagah Border.Major support levels are
5418- 5320-5200 and major resistance levels on closing basis are 5540-5567-5599.
NIFTY Pressure Dates in February 2012:
NIFTY SPOT: View for 20th February 2012 No change in view. Next super important resistance level is 5736 on closing basis. Hold on to March 5400 & 5600 puts. RRR traders:: keep following Wagah Border for handsome profit.Major support levels are 5477-5418- 5320 and major resistance levels on closing basis are 5568-5599-5643-56735736.
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NIFTY SPOT: View for 22nd February 2012 No change in view as short covering rally continues. Next super important resistance level is 5736 on closing basis. Hold on to March 5400 & 5600 puts. RRR traders:: keep following Wagah Border for handsome profit.Major support levels are 5477-5418- 5320 and major resistance levels on closing basis are 5643-5673-5736.
NIFTY SPOT: View for 23rd February 2012 Nifty formed an Outside bar at the top. First sign of Pressure. Final confirmation of weakness below 5400 on CLOSING BASIS. Hold on to all the positions. Major support levels are 5477-5418-5320 and major resistance levels on closing basis are 5643-5673-5736. Weekly Chart
NIFTY SPOT: View for 24th February 2012 Nifty managed to close above first Gann support of 5477.Two crucial levels 5477 and 5400 are very important for bulls. Nifty must break both the levels on closing basis to show real weakness. Till then range bound trend is expected. Major support levels are 5477-5418-5320 and major resistance levels on closing basis are 5643-5673-5736.
NIFTY SPOT: View for 27th February 2012 5400 is a major support for bulls and Nifty must close below this level to open lower targets. Till then range bound trend is expected. Major support levels are 5400-5320-5263 and major resistance levels on closing basis are 5538-5643-5736.
NIFTY SPOT: View for 28th February 2012 During my last 25 years of experience I have met several Jokers & Critics who would try to challenge the Gann System and ultimately when proved wrong will go underground for ever. This time also few of them thought that Nifty is going to hit 6000 in a straight line.They were very surprised when I asked to buy March 5600 and 5400 puts. Those who have followed my advice must be enjoying the Handsome Profit now. My only advise to these Jokers : Don’t waste your time with junk technique.Too much of Analysis,will lead to Paralysis.Learn the Gann system.
Nifty view:: It is time to book 70% profit in all short positions(Puts) and those who are BULL by nature can try to buy near each Gann support levels with 5 points closing SL below each level.Major support levels are 5263- 51945116-5080. and major resistance levels on closing basis are 5450-5630
NIFTY SPOT: View for 29th February 2012 It is a leap year day.Next time we will see this date only in 2016. So today I give a Small GIFT to all the visitors who are interested in learning GANN SYSTEM.Read carefully today’s Nifty view given below.Intelligent traders can find themselves:: How to calculate these levels? Nifty is trading from one Gann level to another Gann level. Just look at the two charts given below. Find it yourself that how accurately It took support near 5264 and the rally went
up to next resistance level of 5389.All Gann students are aware of these levels but Fibonacci followers will never get these levels. Major support levels are 5264-5193-5116-5080 and major resistance levels on closing basis are 5450-5630.
NIFTY SPOT: View for 01st March 2012 Nifty faced huge selling pressure around Gann resistance level of 5450 and crashed almost 100 points in intraday trade. Market is expected to remain choppy till announcement of election result. So just do level based trading using Gann levels and avoid view based trading. Major support levels are 5264-5193-5116-5080 and major resistance levels on closing basis are 5450-5630.
NIFTY SPOT: View for 2nd March 2012 Selling pressure continues in Nifty and if trades and closes below 5260, further downside target opens up to 5080.Market is expected to remain choppy with downward bias till announcement of election result. So just do level based trading using Gann levels and avoid view based trading. Major support levels are 5264-5193-5116-5080 and major resistance levels on closing basis are 5450-5630.
NIFTY SPOT: View for 5th March 2012 This is a crucial week for Nifty as it contains one of the important Pressure dates. 5460 is the first important Resistance on closing basis. Major support levels are 52645173-5116-5080 and major resistance levels on closing basis are 5460-5555-5630-5737.
NIFTY SPOT: View for 6th March 2012 5264 , a Gann level is still valid and provided some support to the market once again, but this week is very crucial for Nifty as it contains one of the important Pressure dates. 5460 is the first important Resistance on closing basis. Major support levels are 5264-5173-5116-5080 and major resistance levels on closing basis are 5460-5555-5630-5737.
NIFTY SPOT: View for 7th March 2012
All Gann Master & Ultimate traders love volatility. Today was a windfall profit day for all day traders (see today’s intraday chart below).All Positional traders should keep profit booking attitude at every fall from here. 5460 is the first important Resistance on closing basis. Major support levels are 5173-5116-5080 and major resistance levels on closing basis are 5460-5555-5630-5737.
NIFTY SPOT: View for 9th March 2012 Just find yourself that how accurate and important are Gann Positional levels. Nifty bounced back twice (intraday) from the support level of 5173. It will face huge resistance between 5400 to 5480 as there are several blockades. Once able to close above 5480 then only it will indicate Strength. Till then do both side trading. Buy on dips & Sell on rise. Major support levels are 5173-5116-5080 and major resistance levels on the closing basis are 5401- 5418-5480.
NEXT SEMINAR TO BE ANNOUNCED SOON
NIFTY SPOT: View for 12th March 2012 All subscribers were aware that 7th March was a Pressure (turning) date. Nifty left a low of 5171 on that day and a good rally has started since then. It will face huge resistance between 5400 to 5480 as there are several blockades. Once able to close above 5480 then only it will indicate further Strength. Till then “Buy on dips & Sell on rise” is the best strategy. Major support levels are 5173-5116-5080 and major resistance levels on the closing basis are 5401- 54185480.
NIFTY SPOT: View for 13th March 2012 Nifty faced good resistance above 5400 and corrected almost 100 points in intraday move. Gann resistance levels are so important that it could not breach these levels even with the help of two good news (CRR cut and good IIP nos.). No change in view. Resistance zone (5400-5480) still remains valid. Once able to close above 5480 then only it will indicate Strength. Till then do both side trading. Buy on dips & Sell on rise. Major support levels are 5173-5116-5080 and major resistance levels on the closing basis are 5401- 5418-5480.
TY SPOT: View for 14th March 2012 Nifty is still in the resistance zone. Next three days are very important as we are entering a big annual event calendar (Rail+ Union Budget). Resistance zone (5400-5480) still remains valid. Once able to close above 5480 then only it will indicate Strength. Intraday traders can look for support around 5390&5327. Major support levels are 5173-51165080 and major resistance levels on the closing basis are 5401- 5418-5480.
NIFTY SPOT: View for 15th March 2012 Nifty did go 20 points above the resistance zone but closing is still in the zone. News based days are ahead and market can become very volatile. All levels can be broken on a single day. So avoid risky trades & It is better to trade in options. Intraday traders can look for support around 54355390&5327. Major support levels are 5173-5116-5080 and major resistance levels on the closing basis are 5480- 56725737.
NIFTY SPOT: View for 16th March 2012 Nifty ultimately declined from the Resistance zone. Now finally the most awaited Budget day arrives. No change in the Positional levels. Intraday traders should be well prepared for volatility. All levels can be broken on a single day. So avoid risky trades & It is better to trade in options. Major support levels are 5280-5173-5116-5080 and major resistance levels on the closing basis are 5495- 5672-5737.
NIFTY SPOT: View for 19th March 2012 There was nothing to surprise in the Budget. Nifty was unable to breach the resistance zone and crashed near to the first support level. All Gann RRR students are aware that Nifty closed near “Wagah Border”, so take action accordingly with strict stop loss. Major support levels are 5280-5205-5173-5116-5080 and major resistance levels on the closing basis are 5446- 5500- 5672-5737.
NIFTY SPOT: View for 20th March 2012 Technically Nifty is in very weak position. But as we are very close to one of the important Pressure dates so further weakness will be confirmed only after this. Major support levels are 5205-5158-5080 and major resistance levels on the closing basis are 5370- 5446- 5500.
