The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: | 29-11-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Up | SL/target: | 12/30 | |
Level | Comments | |||
| 4874.50 | Buy | |||
| 4840 | Buy | |||
Date: | DLF | Symbol: | DLF | |
Directional Sentiment: | Up | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 210.30 | Buy | |||
| 208.80 | Buy/Sell | |||
| 203.40 | Buy | |||
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