Intraday Trading Using Gann Calculator

[razx5]

todays opening was really tricky..the high for spot and contract were 6036 and 6044 respectively..so both long above 6045.25..nifty futures broke but our spot did not break simultaneously as nifty futures was trading at premium..SO V NEED TO C LEVELS WHEN SPOT AND NIFTY FUTURES TRADE ONE LEVEL BELOW OF GANN..so at 9.39 a.m v got high for spot and NF at 6050 and 6062..so buy nf above 6064.85 and spot was jus above a gann level of 6045.25..now this s the ideal setup for going long..so v r long on nf at 6064.65..stop loss is 6045.25..v r waiting for a big move above 6084..v ul bk 3/4 of our quantitiy at 6084..

 

[razx5]

Dear Praveenpious,
Pl clarify the following trade.
The closing price of Jetairways on 3/12 at 10am was 444 which falls bet the squares of 21(441) & 22(484).The max it traded subsequently was 445.25 & min 432.5 till 3.30pm.ref Nse chart.

Obiviously,it was nowhere near MM levels.

Pl discuss how it could have been traded in yr opinion. I find many similar situations in MM strategy.Ofcourse bet 20 & 21 it is diff,but still 4/8 never came.
Also,yr attachment does not provide squares below 30 for ready ref.any reason.

it works good for nifty futures..refer my posts above..and ur bit confused..jetairwys was trading somewhere at 840 range..not 440 range..(29*29) is 841 and that is th high jetairways made on friday. at 9.48 a.m..according to me there was no trade in it after 9.48 as it di not break high or low..if u r an aggressive trader then u could have gone short at 833.90(7/8 level) for a 1st tgt of 826 and 2nd tgt of 818 both were achieved

 

[razx5]

todays opening was really tricky..the high for spot and contract were 6036 and 6044 respectively..so both long above 6045.25..nifty futures broke but our spot did not break simultaneously as nifty futures was trading at premium..SO V NEED TO C LEVELS WHEN SPOT AND NIFTY FUTURES TRADE ONE LEVEL BELOW OF GANN..so at 9.39 a.m v got high for spot and NF at 6050 and 6062..so buy nf above 6064.85 and spot was jus above a gann level of 6045.25..now this s the ideal setup for going long..so v r long on nf at 6064.65..stop loss is 6045.25..v r waiting for a big move above 6084..v ul bk 3/4 of our quantitiy at 6084..

exit if nifty futures falls bleow 6059(smal loss of 10 points including commission)..stiff resistance at day high of 6071

 

[razx5]

exit if nifty futures falls bleow 6059(smal loss of 10 points including commission)..stiff resistance at day high of 6071

nifty futures broke intraday high of 6071..1st tgt aof 6084 achieved..trailing stop for rest 1/3 positions is 6064

 

[razx5]

nifty futures broke intraday high of 6071..1st tgt aof 6084 achieved..trailing stop for rest 1/3 positions is 6064

our trailing stoploss triggered at 6064..next sell bleow 6025.90 as day low for nf was 6030 and spot low was 6023 which was just blow the sell level of 6025.90..1st trgt achieved..6006 and trailing stop to 6025.90..it closed at day low of 5992..v bkd full..profit of 20 points from this trade plus 8points from previous trade..total 28 points..

 

[razx5]

even todays open was very tricky..spot low was 5987.65 and nifty futures low was 5996.30..so sell bleow nifty futures 5987.65..spot did break offcourse nifty futures trading at premium did not break..next high for spot was 5995.80 and nf high was 6007..so buy only above spot 6006.50..even though nf high is jus above 4/8 level of 6006.50..spot made high of 6001..so still our entry is not met its criteria..next spot low is 5978.85 and nf low is 5993..so sell bleow 5967.75 spot and nf sell below 5987.15..market obliged both this criteria and v r short on nifty futures at 5980 instead of 5987.15 bcoz when spot broke its level of 5967.75 nf was trading at 5980..stoplosss is 6006.50

 

[razx5]

even todays open was very tricky..spot low was 5987.65 and nifty futures low was 5996.30..so sell bleow nifty futures 5987.65..spot did break offcourse nifty futures trading at premium did not break..next high for spot was 5995.80 and nf high was 6007..so buy only above spot 6006.50..even though nf high is jus above 4/8 level of 6006.50..spot made high of 6001..so still our entry is not met its criteria..next spot low is 5978.85 and nf low is 5993..so sell bleow 5967.75 spot and nf sell below 5987.15..market obliged both this criteria and v r short on nifty futures at 5980 instead of 5987.15 bcoz when spot broke its level of 5967.75 nf was trading at 5980..stoplosss is 6006.50

hold tight stoplos of 6006.50..nf finding very hard to break it..it has made 2 attempts to break at 9.55-9.56 and jus now at 10.48-10.49..but in vain..lets hope the downtrend is intact for the day..the only scare is the big boy reliance industries ahs jus broke its 200 dma of 1034.80..if it sustains it def our stoploss ul trigger

 

[razx5]

hold tight stoplos of 6006.50..nf finding very hard to break it..it has made 2 attempts to break at 9.55-9.56 and jus now at 10.48-10.49..but in vain..lets hope the downtrend is intact for the day..the only scare is the big boy reliance industries ahs jus broke its 200 dma of 1034.80..if it sustains it def our stoploss ul trigger

trgt1 5967 achieved..trailing stop to cost cost 5987.15(v shorted at 5980)

 

[razx5]

trgt1 5967 achieved..trailing stop to cost cost 5987.15(v shorted at 5980)

2nd trgt is 5948.40..day low is 5965..if breaks 5965 and without touching 2nd trgt if it bounces above 5965 v bk full at 5967-5968 range..

 

[razx5]

2nd trgt is 5948.40..day low is 5965..if breaks 5965 and without touching 2nd trgt if it bounces above 5965 v bk full at 5967-5968 range..

as i expected nf broke day low and made new low of 5956..it bounced from that level and crossed old low of 5965..v exit full here taking profit of 10 points after deducting commission..next sehort only bleow 5948.40 when spot breaches 5929..