Prasadm,
I did already put forth some ideas
1. ATR: This is one of the most used tool for a Trailing stop in active trading. So, thought we could have a discussion on these. Also, these tend to give out change in direction in the market.
2. Fib retraces: Once in a trend, we can look to buy on retrace. The amount of a retrace can be safely assumed by a fib retrace been drawn. Once on buy/sell on a retrace, we can take a trade upto the previous high/low safely netting 10-15 points.