· Please do not trade for the first 15 minutes in the opening of the market.
· These levels would work only on National Stock Exchange
· In first 15 minutes of trade if both the sides target has been achieved than don’t trade that stock
· In first 15 minutes please check if any one side of the levels is achieved and it is crossing yesterday
close than kindly follow the below mentioned combinations
1. If Sell below is achieved than expect Buy Above 2nd target
2. If Sell Below 1st Target Is Achieved than expect Buy Above 1st target
3. If Sell Below 2st Target Is Achieved than expect Buy Above 2nd target
4. If Sell Below 3rd Target Is Achieved than expect Yesterday’s Close
5. Sell Below 3rd Target is broken than Don’t Touch the stock
6. If Buy Above Is Achieved than expect Sell Below 2nd target
7. If Buy Above 1st Target Is Achieved than expect Sell Below 1st target
8. If Buy Above 2st Target Is Achieved than expect Sell Below 2nd target
9. If Buy Above 3rd Target Is Achieved than expect Yesterday’s Close
10. Buy Above 3rd Target is broken than Don’t Touch the stock
Disclaimer: We & our clients do not carry any positions in the above mentioned stocks / indices, however we may trade / advise the above said for trading to our clients
(Ravi Nathani is a Mumbai based Technical Analyst for more details visit www.nsetoday.com)
