Tracking Shorter term GANN Charts
[11/26/2009 09:52:00 PM | 5 comments ]

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
 

5 comments

sriganeshh said... @ November 27, 2009 at 12:12 AM

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 high
and third high where it can be ....your guess is as good as mine

thanks and regards
sri

Rajandran said... @ November 27, 2009 at 1:12 AM

5025.48

rajamani said... @ November 27, 2009 at 10:39 AM

hi rajandran

thanks for visiting my blog. by mistake i deleted your comment

regards
rajamani

Rajandran said... @ November 27, 2009 at 2:20 PM

Yup Buddy,,, It doesnt matter,,
You had a wonderful blog

sriganeshh said... @ November 30, 2009 at 3:39 PM

Rajandran,

your guess 5025.48 is very close with today nifty closing...fyi

sri

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