Thursday 22 March 2012

Nifty Future Intra Day Trading Levels 23March

Upper Trading Range

Sell Below 5292.20 stop and reverse 5344.30


Lower Trading Range


Buy Above 5187.95 stop and reverse 5135.80


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.

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Nifty Future Swing Trading - Update on Long Position

 Stop Loss moved to 22115