·         All trades are executed after two minutes of open. Watch out for any breakout in the first two minutes.

·         Take only the first trade, and when bias is sideways, can take another trade at the extreme levels. Better go with one trade per day.

·         Breakout/breakdown is determined on a closing basis and close on a two minute chart should be clearly above/below the level.

Date:		24-10-2011	Symbol:	NIFTY FUT (Oct)
Directional Sentiment:		Sideways with down bias	SL/Target:	12 /30 points
Level	Comments
5130	·         Open below this level, then sell on pull back after two minutes of open
5077	·         Open below this level , then sell on pull back after two minutes of open ·         Open Above this level and break below this level, sell on pull back after two minutes of open
5037 – 5039	·         Open above and break below this level within first two minutes of open, Sell on pull back ·         Open below , Sell on pull back after two minutes of open
5023	·         Open above and comes down to this level after two minutes of open, then buy ·         Open below and break above, buy on pullback after two minutes of open

Date:		24-10-2011	Symbol:	DLF (Cash)
Directional Sentiment:		Down	SL/Target:	1/2.5
Level	Comments
235	·         If opens below, sell on pullback after 2 minutes of open
232.30	·         If opens below, sell on pullback after 2 minutes of open
228.60	·         If opens below, sell on pullback after 2 minutes of open ·         If opens above and breaks down within 2 minutes of open, then sell on pullback after 2 minutes of open ·         If opens above and comes down after 2 minutes of open, then buy ·         If opens below and break above within first 2 minutes, then buy on pull back
225.30	·         If opens above and breaks below, then sell on pull back ·         If opens below and pulls back after 2 minutes of open, then sell
222.30	·         If opens below and pulls back after 2 minutes of open then sell ·         If opens above and breaks below, then sell on pull back

Added after Market close:

There was no trades in NIFTY Futures as per the table.

DLF has one trade, but it was a bit tricky. The level was 228.60 and it never reached that level after first 2 minutes of open. It tested 232 may time. Short can be entered near 232.