Monday, 19 March 2012

Nifty Future Intra Day Trading Levels 20March

Upper Trading Range

Sell Below 5305 stop and reverse 5332.75

Lower Trading Range

Buy Above 5249.50 stop and reverse 5221

How to Trade the Above Levels
Scenario 1
Open price is between Sell Below and Buy Above Levels
 For Long
Wait for the price to go below Buy Above Levels and then when it moves back above Buy Above, buy. Stop loss will be when price moves below Stop and Reverse. 
For  Sell
Wait for the price to go above Sell Below and then when the price moves back below Sell Below, sell. Stop loss will be Stop & Reverse Level.

Scenario 2
Open price is between Sell Below and Stop & Reverse Levels.
  For Long
 Upper Trading Level
When price moves above Stop & Reverse Level, buy. Stop loss when price goes below Sell Below Level.
For Short 
 When the price goes below Sell Below, sell. Stop loss when prices moves above Stop & Reverse.
Lower Trading Levels
The above set up is true for Lower Trading Levels also.


Scenario 3
Open price is outside Stop & Reverse Levels
Wait for prices to come below Stop & Reverse Levels and trade according to Scenario 2.

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Nifty Future Swing Trading-

 Long trade taken at 22254 now stop and reverse at 22951. Entry to be taken at 1 hour candle closing below 22951. Happy trading JT