NIFTY(spot) - Intraday trade levels for 26-03-2012
How to trade these levels ?
There will be 5 levels given everyday.
Once the market opens, just see nifty value where it lies among these 5 levels of the day. If nifty is in between any of these levels, then allow it to touch the nearest level.
If nifty goes below that level, then SELL. Target would be the next below level.
If nifty goes above that level, then BUY. Targe would be the next upper level
Stop loss can be kept as 14 points from the point of entry.
Happy trading....
please note:
How to trade these levels ?
There will be 5 levels given everyday.
Once the market opens, just see nifty value where it lies among these 5 levels of the day. If nifty is in between any of these levels, then allow it to touch the nearest level.
If nifty goes below that level, then SELL. Target would be the next below level.
If nifty goes above that level, then BUY. Targe would be the next upper level
Stop loss can be kept as 14 points from the point of entry.
Happy trading....
please note:
When nifty
cross the HIGH 2 (2nd high level) or goes below LOW 2 (2nd low
level) and stay there for about 3 to 5 minutes, then there is chance
that, NIFTY may go approx 0.6 to 0.8% further Up or Down from that
level as the case may be. ie approx 25 to 35 points from the high 2
or low2.
|
High 2 |
5348
|
|
High 1 |
5306
|
|
Mid Point |
5281
|
|
Low 1 |
5257
|
|
Low 2 |
5215
|
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