I will be posting the levels of NIFTY (spot) for the purpose of level based intra day trading.
These levels are obtained using a combination of conventional methods and some of my own methods. These are not any pivot levels or any other levels. These are my own levels.
There will be 5 levels given every day including a mid point. These levels are only for intraday trading of NIFTY.
I am sure, these levels will give you excellent results.
*******************************
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, and stay there for 3 minutes or more, then SELL. Target would be the next below level.
If nifty goes above that level, and stay there for 3 minutes or more , then BUY. Targe would be the next upper level
Stop loss can be kept as 14 points from the point of entry initially.
Once the trade makes 14+ profit, move the stop loss to the entry price.
If you find that the trade is in wrong direction and convinced that nifty is moving in opposite direction, then move the stop loss to the nearnest point of nifty and take the stop loss. Try to reverse the trade immediately if required.
Happy trading....
please note:
NIFTY(spot) - Intraday trade levels for 11-04-2012
Happy trading..
These levels are obtained using a combination of conventional methods and some of my own methods. These are not any pivot levels or any other levels. These are my own levels.
There will be 5 levels given every day including a mid point. These levels are only for intraday trading of NIFTY.
I am sure, these levels will give you excellent results.
*******************************
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, and stay there for 3 minutes or more, then SELL. Target would be the next below level.
If nifty goes above that level, and stay there for 3 minutes or more , then BUY. Targe would be the next upper level
Stop loss can be kept as 14 points from the point of entry initially.
Once the trade makes 14+ profit, move the stop loss to the entry price.
If you find that the trade is in wrong direction and convinced that nifty is moving in opposite direction, then move the stop loss to the nearnest point of nifty and take the stop loss. Try to reverse the trade immediately if required.
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.
**********************************************NIFTY(spot) - Intraday trade levels for 11-04-2012
|
High 2 |
5316
|
|
High 1 |
5276
|
|
Mid Point |
5248
|
|
Low 1 |
5224
|
|
Low 2 |
5182
|
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