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Saturday, April 28, 2012

NSE Nifty : Gann Square with 4531

To generate the GANN square, one needs a reference point. We take this to be  4531 (a recent low) for Nifty Index as on 20th December  2011 and proceed as follows:-

Step 1: Take SQRT(Input) = SQRT(4531) = 67.3127                 

Step 2: Now we get N= Integer {SQRT(Input) - 1} = 66 & square of N =4356  being placed in center of (21X21) grid.

Step 3: Next increase the N by 0.125 (45 degrees) ( 1/8th of 360 degree) & get square of it . Place this in left block adjacent to center block where u placed 4356.

Step 4: Increase the value of N further by 0.125 & square it , and keep repeating ; Place the squared up value one after another in a spiral fashion clockwise , filling up block until one level of square is completed. These process of generating square of (N plus n*.0125), where n= integers 1 to n may be continued as required.


Let us find out how these fits with the following charts. Horizontal lines commensurate with these numbers were placed for convenience.

Resistances were 5220, 5238,  5256, 5274 etc

Supports were 5202, 5194, 5166, 5148 etc



 

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