Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Shifting the Shorter term GANN Lines for Nifty once again

36 sec read


 

Iam once again shifting the GANN line as shorter term trend line requires periodic
intervention with strategy. Just drawing the line from 3rd Nov 2009 lows towards
the low 4935 on last friday (20th Nov 2009).
 
Now we could able to see how market dynamically responds to GANN FAN lines.
Simply to say Supports near 4800(increases with respect to time) & Resistance near 4950(increases with respect to time).
 
And Now the Ideal strategy is cover your shorts if Nifty breaks above 4950. or Hold the shorts with a minor acceptable stop loss above 4950 for targets 4820 . If weakness is expected on monday then one should book profits near 4800 levels as long term GANN FAN supports are expected near 4800 zone. The next trade should shorting Nifty  only if Nifty breaks below 4800 levels for a target of 4680-4700 zone..
 
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Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “Shifting the Shorter term GANN Lines for Nifty once…”

  1. Rajandran,thanks for this chart. I specifically requested earlier to see whether my manual calculation matches with the gann chart…thanks once again. sri

  2. Shri Can u just advice me what is the basis of drawing these lines . Is this some fix gap which is to be drawn in a right angle traingle. or something else. I will be thankful t you, if you can just say me something abt this – mkmittal184@yahoo.com

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