· 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: | 7-12-2011 | Symbol: | NIFTY Fut | |
Directional Sentiment: | Up | SL/target: | 12/305070 | |
Level | Comments | |||
| 5070 | Buy/Sell | |||
| 5036 | Buy/Sell | |||
| 4983 | Buy/Sell | |||
Date: | 7-12-2011 | Symbol: | DLF Cash | |
Directional Sentiment: | Up | SL/target: | 1.5/3.5 | |
Level | Comments | |||
| 233.70 | Sell | |||
| 226.50 | Buy/Sell | |||
| 222 | Buy/Sell | |||
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