On the Nifty daily charts I have marked some levels as Gann said to be important.The same were researched by Murray and became known as Murray Maths.These levels(Gann angles) are 0.125(1X8),0.250(1X4 or 2/8),0.333(1X3),0.375(3X8),0.500(1X2),0.666(2X3), 0.625(5/8),0.750(3X4 or 6/8) and 0.875(7/8).Watch the price action at these levels they act as a magnet. Price is supported and resisted at these levels very often.The total fall on nifty come to 1618.50 points from the top of 6338.50 to bottom of 4720.Dividing this by eight we get 202.31.After achieving this you can add this to the bottom to get the respective levels.Now for time take square root of 202.31 we get 14 days interval.I have marked this on chart of Nifty.You can see the price comes to the marked levels at the interval of 14 days.This is my observation only on Nifty.Feel free to experiment it with other stocks to achieve the results.
Happy Trading!
Perfect Sir !!
ReplyDeleteSir,
ReplyDeleteWhy have you taken only these levels. Is this something specific to Gann Sq. Can you please elaborate bit more, Sir
Next level to watch is 4920-21 ! Am I right??
Regards
Sandeep
Hi San,
ReplyDeleteThese ara Gann Angles so there are to be taken as there.Yes you are right about the level its between 4920-4938 to be watched from where I am expecting a bounce back preferably on 14/09/2011.
Regards
K B Raut
Hi Bramesh,
ReplyDeleteThanks for your encouragement I finally got this blog going.All credit goes to you for guiding me till here.
Regards
K B Raut
San,
ReplyDeleteAlso the pattern looks like and inverted head and shoulders.Head at 4720 and shoulders at 4930 odd level and the rest u can imagine.If it comes true then the bounce back will be really nasty and vicious for bears who will be caught with their pants down!So lets be cautious!
Regards
K B Raut
San,
ReplyDeleteIn my earlier post "Nifty Action Zone in September Series" I had mentioned Nifty is positive above 4800 and I had given four targets 4933-5060-5187-5317.We have achieved 4933 and 5060 and nearly achieved the third.Now we are in pursuit of 5187 and 5317.Also below 5060 comes 4933 so it the level to be watched.I hope this clears it.
Regards
K B Raut
@ KB Raut Sir,
ReplyDeleteNicely explained. Lot of thanx for it. This is an earnest request to you to give us some more exposure on Gann's great theory, so that we can also learn to apply.
Regards
Sandeep
Sir,
ReplyDeleteExcellent prediction. I agree with your views.
San,
ReplyDeleteThanks for your encouraging words.I will definitely try to post more articles on Gann,
Regards
K B Raut
Anilji,
ReplyDeleteThanks for your kind words.Markets move in their own wy it is we sometimes luckily are with them.It is imperative in those few times we should make the most of it.
Regards
K B Raut
sir the nifty levels changed after your gann angle calculation. nifty made a new low @4531. the new calculation will be 225.93 and 15 days interval i.e 6338.5-4531 =1807.5/8=225.93 so the next logical level is 5660 which is also a great resistance level for nifty.
ReplyDeleteawaiting your opinion on this observation from a humble fan of W.D.Gann
vasanth
Hi VM,
ReplyDeleteYour right about the price .We could round it off to 1808 points and roughly intervals of 226 points.So lets take the 1/8 level at 4531+226=4763.2/8 level at 4989,3/8 level at 5215,4/8 level or 50% level at 5441,5/8 level at 5667.So indeed 5667 is important level to watch.
Regards
K B Raut
Dear Sir,
ReplyDeleteThank you for the prompt reply.Sir now that we know our next logical target is 5667 and time it will take is 15days i.e sq root off 226 is 15.033 or 15 days. nifty spot reached 5215.4 on 31st Jan 2012 5428 on the 14th Feb &5460 on 15th Feb so going by time & price of Gann's method is it safe to presume that target of 5667 i.e 5441+226=5667 on 1st March 2012.
Regards
Vasanth
Hi VM,
ReplyDeleteYou are on the right path.so watch it carefully.
Regards
K B Raut