InsiderB
Long

Nifty : Some Gyan with Gann

NSE:NIFTY   Nifty 50 Index
So where to begin with ?! Let's go with analysis first then we will touch up on Gann .

Why I'm aiming the zone of Nifty             9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is right true & to this profile name, an Insider info, Institutions will slowly build up their short positions from 9600's to 10000's, one of the peers told, sounded logical. But as I always say, News or Rumour doesn't matter, we trust & trade charts only and just have the info in back of your mind. Thats it !

There is strong misconception that Gann is Money Generator. Guys, Gann has its own pro's n cons its not complete money maker and makes money forever or give 100% or 90% winners without any loss. Actually I saw few websites claiming 90% n 100% winner with Gann , I was quite surprised & how people get lured to them. Personally, I'm yet to come across one who makes over 75% or 80% winners consistently. So Gann is not holy grail. But when used properly it will generate money :)

But Gann is simplest tool which can be efficiently used in Intraday and when the stock gets single directional move, profits will follow. Either a range or swing will hit both stops and target whichever swing goes first is the result. I want to drive home just 3 points,

i) Gann not Holy Grail
ii) Simplest tool for Intraday, only Intraday but Gann suggested to use it for long term analysis ( weeks or months )
iii             ) Even Gann time analysis have own success n failure rate & there is no 90% or 100% win rate


Disclaimer : I'm not giving the gyan, I borrow from Gann & sharing the Gyan.

Should I continue recent setups I'm posting with Gann or should I get back to old style ? What you Guys love to see ? Drop in your opinions, both on the content above & on posts :)
Comment: Just an update on 5min chart :
snapshot
Comment: Though you guys might have known already just a heads up, relief is coming as expected and posted yesterday ( in above post ) , We expected 100 points relief to downside, looks like we are gonna have more bcos of global scenario, Enjoy !
What you have projected might not happen!
Reply
InsiderB TOP Parasuram
@Parasuram, yep I agree, looks like tat. Probably 9300's again !
Reply
@InsiderB, 9272 might be taken out... I follow u closely.. You were so bullish elsewhere too where u were talking about 9700. If i am not mistaken.. a major top has already been made yesterday... but it is not gonna be lower tops and lower lows in future. I dont predict markets... but whatever little i know i am just saying
Reply
InsiderB TOP Parasuram
@Parasuram, Obviously yes, I was waiting for 9750's but when the market does something opp. to the view, I agree completely & My analysis is wrong n failure, heartily accepted :) I never want to do the if's n but's game. But in my humble opinion , I will wait for 9300's zone first... & I just follow markets, prediction is just part of game & My trading is completely different :)
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I have posted nifty chart.
+1 Reply
@robus, welcome to Indian version, I can't see chart in your profile
Reply
robus InsiderB
@InsiderB, here
+1 Reply
@robus, Dude, though 38% are more than welcome, I expect Nifty will bounce at 9250-9150's zone, let's see, wish you all the best , if that works we all will be glad :)
+1 Reply
NASDAQ down 2% , may be Nifty open down 150 point...May be some buying opportunity after bull run..Pls suggest your view on this...thanks
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@PR5999, Yes, On bullish reversal confirmation we can get long, till then lets use this bears on global scenario to make some money :)
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