GANN ANGLES ON NIFTY

                                                                                                    I am trying to use GANN angles on weekly chart of nifty to guess whats in store for us from here. The chart(16 August 2011), shows all angles measured that are important to use in determining the position of the stock. Those angles are 3.75,7.5,15,18.75,26.25,30,33.5,37.5,45,52.5,56.25,60,63.75,71.25,75,82.5,86.25 and 90 degrees taken from W D Gann Angle Course.pdf (Google! to find it).In the chart I have taken one angle trendline (22.7 deg) which is not a gann angle between 5 and 6 but it looks logical as per technicals.If it is broken then we fall to the 6 line (18.75 degree) and any bounce from here may be resisted by the 26.25 deg trendline .

Happy Trading !