The expiry was eventful as always and with positive close.Also the low made yesterday was not broken.So on daily charts we have made an higher low.Friday's close will be important and trend deciding.From today onwards additional levels are being provided as many a times it happens all targets are achieved either on the downside or upsides.The second level in the levels given is resistance for buy signal and similarly the second level is support for sell signal.Always trail the stop loss after achieving level targets.On cross of second level on both sides can be considered as intraday breakout where you can look to add positions in the direction of trend.Trailing stop loss is an excellent tool to lock in profits.
Spot Nifty levels for intra-day trade on 25.11.2011No trade between 4739 and 4779(to avoid whipsaws)
Buy above 4779 with SL of 4759 for targets of 4791-4808-4826-4844-4862-4890-4908-4926.
Sell below 4739 with SL of 4759 for targets of 4721-4703-4685-4668-4650-4632-4614-4596.
Happy Trading !
Great...inspired buy your work...
ReplyDeleteHi Divyesh,
ReplyDeleteThanksfor your kind words.Appreciation is always blessings in disguise which promotes one to excel and strive for the best.I always love feedback as it gives me my direction on the blog.Keep visiting.If you like what I give here please add your mail address in the box on top of page to get regular updates.
Warm Regards
K B Raut