Tuesday 13 December 2011

  • 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.

Date:

14-12-2011

Symbol:

NIFTY Fut

Directional Sentiment:

Down

SL/target:

12/30

Level                    

Comments

4910-1914
Sell
4845-4850
Buy/Sell
4804-4808
Buy/Sell
4762-4763
Buy

Date:

14-12-2011

Symbol:

DLF Cash

Directional Sentiment:

Down

SL/target:

1.5/3.5

Level                    

Comments

218-218.40
Sell
211.20-211.60
Buy/Sell
208
Buy/Sell
203.60
Buy/Sell

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