Intraday Tips for Friday 27 May 2011- Technical Overview

[kumar_b_s_99]

Intraday Tips for Wednesday (Technical Overview, 30 March 2011)

I am trader of NSE India. I planned to trade in the following style:

1. Wait till 9.30 am, afterwards Buy the stocks with open = low, Keep the SL below Low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

2. If Open = High, after 9.30 am, Buy the stocks above day's High, put SL in day's Low.After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

3. If, Open # LOW # HIGH, If trade above ATP, buy the stock and keep sl below day's low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

Is it correct and Can i make profit, Seniors pls advice

 

[rohans305]

Nifty Trading Levels for Monday 30 May 2011

The S&P CNX Nifty added 63 points or 1.18 % to close at 5476.10.
The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.
It has resistance close to the level of 5490 & above this level the next resistance near the 5530 mark. It has support close to the level of 5415 & below this level the next support near 5310 mark.

 

[rohans305]

Intraday Calls for Tomorrow- Bank Nifty Futures Trend for Next week

Today (Friday- 27 may, 11') CNX Bank Index gained 254.35 points or 2.43 %. Amongst the banking stocks Allahabad Bank, Vijaya Bank and Central Bank of India lead the row.
Bank Nifty Futures closed at 10638.55 with the gain of 254.80 points or 2.45 %. It is looking bullish for the coming trading sessions if it manages to trade above the resistance level of 10682 else below support level of 10430 it would be in a downward trend.
It has resistance close to the level of 10682 above this level the next resistance near to the level of 10750. It has support close to the level of 10430 & below this level the next support near 10330 marks.