Supports for Nifty around 5120-5130(Approx). Short Nifty only if nifty dips below this zone for a short term target of 5010. Until then be with your longs

On March 2 We had discussed about the two possibilities of Long term GANN chart. In that post i had observed 4800 as the long term support in first kind of long term GANN Chart and 5050 as a resistance in second kind of long term GANN Chart. As of now the market is confortably trading above 5100 for the past three days. So I prefer the Second Possibilites of Long term GANN Chart

Shorter term GANN Shows resistance near 5040-5050 region. And when looking into the long term GANN Charts I’ve had drawn the charts with two possibilities. The first chart is by drawing from the lows of march 2009 to the major supports which shows that the long term supports are near 4800. And the second long term charts are drawn between march 2009 lows to dec 2009

Chart shown is the Shorter term GANN Chart which shows that next shorter term GANN lines are near 5020-5040 levels. Fibonnaci retracment levels 38.2%, 50%, 61.2% are shown in the chart(Brown Lines). Just check out how market respect those zones.

Chart shown is the long term GANN Chart of Avaya Global with long term GANN Resistance near the 270 zone. And check out the zomed chart of shorter term GANN Chart shown below just bouncing from the shorter term support line Rs214.

Shorter term investors can long this stock with a marginal stop loss below Rs214. There is also a NMA Buy Signal in both the weekly and Daily charts more recently.

Video Explains how to draw GANN FAN charts in esignal Trading platform and how to interpret GANN FAN Signals.

In the last post Bearish wolfe in Tatasteel !!!! by our guest author Mr. Jayachandran one of the regular reader of marketcalls had shared his view on tata steel. After that Iam just scrolling thro
my EOD Charts of Tata Steel and post here the GANN Chart which is most facinating.
Chart shown above is the Long Term GANN Chart of Tata Steel And we could able to see how the Tata Steel has been respected near the Rs659.5 zone and after respecting the long term Gann falling trend line since then tata steel is in …

Chart shows the shorter term GANN Fan charts of Nifty nearing the shorter term resistance line near 4800. Failure to breakout above
4800 is bearish for shorter term trades

Nifty Long Term GANN Chart shows that Long Term GANN Supports are at 4650-4680 zone.
This is the important zone to watch out. Also today’s closing below 4800 invites an official
confirmation of long term Bear market.
Source:
www.marketcalls.in

Shorter term GANN FAN Chart of Nifty(Hourly Chart) is shown. Which indicates shorter term GANN Resistance near 4965 and keeps decreasing with respect to time. 

Related Readings

Long and Short term GANN FAN Charts for Nifty – 2 Feb 2010

Source:
www.marketcalls.in