Free Stock Market Education
for Indian Traders

What is Gann Square of Nine?

W.D. Gann was an American trader (1878–1955) who developed many powerful mathematical tools for predicting stock and commodity prices. His Square of Nine is a spiral grid of numbers where each ring represents a 360° rotation around a central value.

The key insight is that the square root of price is connected to time and price movement. When price moves from one cardinal point to another on the spiral, it often finds natural support or resistance.

The Formula — Step by Step

Example: Bank Nifty Opening at ₹48,400

Step 1: √48400 = 220.00 (Root)

Resistance levels: R1 = (220.25)² = ₹48,510  |  R2 = (220.50)² = ₹48,620  |  R3 = ₹48,731  |  R4 = ₹48,841

Support levels: S1 = (219.75)² = ₹48,290  |  S2 = (219.50)² = ₹48,180  |  S3 = ₹48,071  |  S4 = ₹47,961

How to Trade Using Gann S9 Levels

• Price opens and goes UP: Watch R1 and R2 as targets. Book partial profits at R1, remaining at R2.
• Price opens and goes DOWN: Watch S1 and S2 as support. If S1 breaks, S2 is next target.
• The 180° levels (R2 and S2) are MOST IMPORTANT — price often reverses from these points.
• R4 and S4 (360°) = extreme levels — very strong resistance/support.

Use NiftyZone Free Gann Calculator

Instead of calculating manually, use NiftyZone's free Gann S9 Calculator. Enter the opening price and get all 8 levels instantly. It also auto-fills today's opening price when you select any stock.

What are Pivot Points?

Pivot Points are mathematical support and resistance levels calculated using the previous trading day's High, Low, and Close prices. They are one of the most popular tools for intraday traders in India and worldwide.

Standard Pivot Formula

Camarilla Pivot Points

Camarilla pivots use a multiplier of 1.1 applied to the previous day's range. They are preferred by scalpers and short-term intraday traders.

How to Use Pivot Points for NSE Intraday

• Opening above PP: Bullish — look for long trades targeting R1, R2.
• Opening below PP: Bearish — look for short trades targeting S1, S2.
• PP as magnet: Price often comes back to test PP during the day.
• R2/S2 = strong targets — book full profit here on most days.

Why Bank Nifty?

Bank Nifty is the most liquid and volatile index in India. Daily movement of 300–800 points is normal. On high-volatility days (RBI policy, budget, results), it can move 1000–2000 points.

The Combined Strategy

Step 1: Before Market Opens (9:00 AM)

Calculate yesterday's Pivot Points using previous day's High, Low, Close. Note PP, R1, R2, S1, S2.

Step 2: At Market Open (9:15 AM)

Note Bank Nifty's opening price. Go to NiftyZone Gann S9 Calculator and enter the opening price. Note R1, R2, S1, S2 from Gann as well.

Step 3: Find Confluence Zones

Look for levels where Gann and Pivot are close to each other (within 50–100 points). These confluence zones are very strong support/resistance areas.

Step 4: Trade Setup

• Long Trade: Bank Nifty opens above PP → Buy near S1 confluence → Target R1 confluence → Stop loss below S2
• Short Trade: Bank Nifty opens below PP → Sell near R1 confluence → Target S1 confluence → Stop loss above R2

Risk Management Rules

• Never risk more than 1-2% of capital on one trade
• Always set stop loss before entering the trade
• Book 50% profit at R1, let rest run to R2
• If price doesn't reach target by 2:30 PM — exit
• On RBI/Budget days — reduce position size by 50%

What is F&O Expiry?

F&O stands for Futures and Options. Every contract has an expiry date — the last day it can be traded.

In India on NSE:

• Bank Nifty expires every Wednesday (weekly)
• Nifty 50, Fin Nifty, Midcap Nifty expire on last Thursday of every month
• Stock F&O also expire on last Thursday monthly

Why is Expiry Day Different?

• Options decay fastest — theta (time value) erodes rapidly
• Volatility increases — price swings are wider than normal
• Max Pain effect — markets often move toward the strike where option sellers lose the least
• Gamma squeeze — near-the-money options move very fast near expiry

NSE Lot Sizes — Must Know

• Nifty 50 = 25 units per lot
• Bank Nifty = 15 units per lot
• Fin Nifty = 40 units per lot

Why Track Your Portfolio?

• See your total invested vs current value in real time
• Know your overall profit or loss percentage
• Track how much your portfolio gained or lost today
• Set target prices and know when to book profits
• Make better decisions based on data, not emotions

How to Use NiftyZone Portfolio Tracker

1. Go to NiftyZone.in → Click 💵 Portfolio tab
2. Enter the stock symbol (e.g. RELIANCE.NS for NSE)
3. Enter your buy price and quantity
4. Optionally enter your target price
5. Click + Add → live price fetched automatically

P&L Formula