Tuesday, March 22, 2011

Trading levels for today 23rd March

Yesterdays profit was between 47-60 points for a minimum of 1 and maximum of 2 trades.
Today two trades so far would give you 46 points, the first being a stop loss trade. And currently out of the market.
Todays levels
Higher target 2 - 5532
Higher target 1 - 5505
Resistance 2 - 5477 - add quantities for long any time nifty crosses this from below or kisses from above.
Resistance 1 - 5460 - go long if nifty crosses from below and add more quantity if already long.
Support 1 - 5426 - go long above this level and short below.
Support 2 - 5410 - add more quantity to short.
Lower target 1 - 5383
Lower target 2 - 5357

Always use stop profit for capturing maximum profits (10 points below high or 10 points above low for longs and shorts respectively). Always use stop losses whenever trade initiated. Its better to minimise loss rather than be sorry with heavy losses.

Have a great day.

No comments:

Post a Comment