Gann square of 9 Levels for intraday/swing trading are provided below. These levels change everyday. Levels will be provided before market opens.
Download the newsletter from newsletter section to identify the trend for Nifty 50, TCS, HDFC Bank, Reliance Industries.
These levels needs to be used according to the market trend If trend is down and stock is trading at any of the Square of 9 levels, then keep a SL above the levels and sell. Similarly, if trend is up and stock is trading at any of the Square of 9 levels, then keep a SL below the levels and buy.
For higher price stocks that are trading above 10000, such as Nifty, use 25-30 pts SL. For lower price stocks that trading between 5000 to 10000 use 10-15 pts SL. For stocks that are trading between 1000- 5000, use 7-8 pts SL. For lower price stocks that are trading at 100, use 1 pts SL. There is no thumb rule of how much SL should be used but keep more pts SL for higher price stocks and lower SL for lower price stocks.
