Gann traders club
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This channel is for traders who believe in Gann and his Trading approach. All chart studies, stock recommendations shared here are for educational purpose only. Plz consult ur financial advisor before making any investment. Iam not SEBI registered.
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9 817
This is what exactly...I believe smart money has done..
47700 CE/PE writing at Closing.
48000 CE writing at closing.
47400 PE writing in morning.
A simple tool to help us the range and place our bet with the smart money and make our Intraday Gains.
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47700 Banknifty Ce/PE short straddle done yest around closing...
Look at how option writer are sitting comfortable within the zone of 47340 - 48020...
They are going to make money..
All they are doing is, adjusting the position.
#smart Money Play...
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Expiry Notes and Developement...
On Weekends while sharing the Expiry probability and key levels with all...The Israel - Iran war factor was always dere back of mind.
From Yesterday till now...observation point -
Banknifty - CMP 47522
1. Highest probability of expiry below 48000 Spot.
2. Previous Important Number 47900-47960 should act as Critical resistance as per Dow Theory...
3. Straddle position at 47700 strike price is still open and comfortable so far.
4. Downside looks limited as on Intraday or lets say 47360-47400 is now Big Support Zone and closing above this is expected.
Finnifty - Cmp is 21062
1. Downside zone has 20975 - 20940 is very strong support for today. Expecting expiry above this.
2. Short Straddle Position at 21200 strike price and are comfortable .
3. Upper range or important resistance for Intraday is 21250-21300. Expecting expiry below this.
Note - Straddle player would want the closing of Index spot near to their selected strike price at 3.25 Pm.
This is my understanding of the market and expiry mood.
How you will capitalised this is upto your hardwork.
All the best.
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Shared my position just to share my happiness abut my levels...and my trades..
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maje ki baat hai Finnifty have paid well...
I am open to all three Index to grab Intraday opportunity.
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My Expiry is closed as the Intraday trade plan for quick upside was prepared already and booked ...in Intraday account.
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Intraday Players - Who live in present, trade on weekly expiry, goes for risk reward trade, doesnt matter Ce or PE..& Trade imp crucial Zone.
Positional Players - Trade on monthly expiry, goes for bigger target and prefer Hrly/Daily time frame for trading.
You choose which one are you and trade accordingly.
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Current Time Cycle -
Positional View For All Three Index
Nifty/Banknifty/Finnifty is NEGATIVE and we are on Sell On Rise Mode Positionally till next time cycle.
Time Trading Student, plan B need to be active from today..
Understand this is Positional View for me.
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How do I calculate these Levels???
1. imp Static Gann Level
2. Retracement Level
3. OI data.
4. My daily homework and years of hardwork.
And still I feel that, all these can be wrong and I should prepared for this...so I am prepared to tackle any mrkt momentum.
Over N Out For the Day.
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News Flow - Any overnight negative news, above data wont work...we all know this truth.
Hence always hedge ur position and always protect ur capital.
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Banknifty Expiry most likely to be below 48300 and above 47700 Spot Level...
Weekend we discussed how important is 47900/47940 level...
And look at BNF, how beautifully it has respected these levels..
Tomo, might be a chance of breaking this low and go towards lower zone of 47680-47610 Spot Level and Bounce.
Straddle Player at 48000 CE/PE..and enjoying this sideways momentum.
BNF Cmp is 47952..
For your Observation...
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High Probability of Finnifty Expiry tomorrow below 21400 level...& Above 21150 Spot Level...
As discussed in weekend analysis...as well..
21300 CE/PE writer straddle position at present.
For your Observation..
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17th April - Wednesday is NSE Holiday.
BNF & Finnifty Expiry on Tuesday.
Double Dhamaka for a Trader.
The Expiry levels shared on weekend analysis video remains as it is for both Index.
Baaki Sab Moh Maya HaiβΊοΈπ
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Gann dates/pressure dates/vibration dates..till June 2024.
Shared on 27th March..for all.
πππ
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