Now once again GANN nears the support zone at 4998 and the next level of support zone at 4850 and 4700.
So What could be the ideal trade?
The Ideal trade is to hold the shorts if nifty dips below 4998 at opening.
If Nifty fails to dip below 4998 at opening then Ideal trade is to close your shorts and re-enter once if 4980 is broken
on intraday basis
Related Readings
Minor Shifting in Shorter term GANN Charts – 19 Nov 2009
Related Readings and Observations
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- Nifty maintains the hourly sell signal for 19 August 2010 Nifty maintains the hourly sell signal with resistance place at 5435 zone. And also spot nifty is holding the GANN Support zone 5410-5415 zone. As of now nifty nears the make or break kind […]
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Dear Rajandran,if we consider gann's 45 degree angles, 8 times makes one life circle..extending and applying the same to nifty, the high point may be completion of one circle and feel nifty is in downward movement…can you check upto what lowest level it can go..some figures for your thinking..5182/8 = 647.75 5182-647.75 = 4534.25 4538/8 = 567.25 + 4538 = 5105.25 this can be second highand third high where it can be ….your guess is as good as minethanks and regardssri
5025.48
hi rajandran thanks for visiting my blog. by mistake i deleted your commentregardsrajamani
Yup Buddy,,, It doesnt matter,,You had a wonderful blog
Rajandran,your guess 5025.48 is very close with today nifty closing…fyisri
thanx by visiting this site i realise that i have learnt nothing till days as i seen some practical implimentation of gann.
but also i dont have the reqired software also for this gann theory.althogh i downloaded ganalist pro but can customised it with either indices or nse scrips. can any one help