Monday, September 21, 2009

INTRADAY TRADING LEVELS-NIFTY & STOCK FUTURES-22 SEPT 2009

1. RULES TO FOLLOW
2. This system is based on a combination of trend following and floor/fibonacci levels.
3. Check if the index/script has crossed or broken the BUY/SELL Trigger price.
4. If the Buy Trigger has been crossed then place buy order at buy price
5. Place stop loss at stop loss price
6. Book partial profits at Partial TGT price.
7. Bring stop loss now to average price.
8. Book full profits at TGT price given.
9. If stop loss gets triggered exit trade and wait and see if Sell trigger is broken.
10. If Sell trigger is broken then place sell order at Sell price
11. Follow the same steps as given for buy from 5 to 8

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