Gann Square of 9
Sameer Dharaskar
AdvanceShareTrading.com
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Use of Gann Technique :
In Share Market, the most important part is Entry in live market. We
are going to use very simple Gann technique for perfect entry in live
market.
Gann levels will let us know Nifty trend, when to purchase Call/Put,
when to exit from Call/Put entry, where to apply SL & TSL. It will
also let us know intraday reversals.
Along with Gann technique, we use Open Interest Data study, to
increase accuracy and success ratio of our trades.
This intraday technique is best designed for trading in Nifty.
Sameer Dharaskar
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Sample Nifty chart after applying gann levels :-
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Gann Square of 9 Calculator : Click here to open
Sameer Dharaskar
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Just provide Nifty Current Market Price [CMP] to this Gann calculator and it
will provide resistance & support levels. If you read clockwise direction, you
will get resistance levels and in anti-clockwise direction, you will get support
levels.
Support
Resistance
By : Sameer Dharaskar
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To get these gann levels, you don’t have to open gann calculator daily. All these
levels are provided in one excel file [shown below]. You can get the same levels
from this excel file.
Nifty Open : 10141
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Draw horizontal lines at all these levels on Nifty chart in TradeTiger software
before market opening. Draw at-least 10-12 lines on chart. For that, select Time
Interval as 5days or 30days to increase chart area to draw multiple lines.
Sameer Dharaskar
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Sample Nifty chart after applying gann levels in TradeTiger software :-
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Always buy Call in Call
territory, above
reversal line.
Always buy Put in Put
territory, below
reversal line.
Sameer Dharaskar
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Call Entry
1. After opening, if Nifty crosses gann
level above open price, purchase Call
and the level below Call buy gann
level will be exit level for Call (i.e.
SL Reversal level).
2. In up-trend, when nifty crosses a
gann line, consider level below that
line as TSL (reversal level). After
every line crossing, shift TSL up on
line below crossed gann level.
3. If Nifty crosses Reversal Level
(SL/TSL), sell Call at CMP and buy
Put immediately, as shown.
Exit Call / Put only if Nifty crosses TSL/SL level. So its very important to remember position
of reversal (exit) level.
Sameer Dharaskar
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Put Entry
1. After opening, if Nifty crosses gann
level below open price, purchase Put
and the level above Put buy gann
level will be exit level for Put (i.e.
SL Reversal level).
2. In down-trend, when nifty crosses a
gann line, consider level above that
line as TSL (reversal level). After
every line crossing, shift TSL down
on line above crossed gann level.
3. If Nifty crosses Reversal Level
(SL/TSL), sell Put at CMP and buy
Call immediately.
Exit Call / Put only if Nifty crosses TSL/SL level. So its very important to remember position
of reversal (exit) level.
Sameer Dharaskar
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Wish you all the Luck to become a successful Trader
Thank You