or

Trading strategy for positional calls

****OPENING RANGE BREAKOUT********

Do not trade for first 15 minutes i.e. upto 10.10 AM.
first 15 minutes of trade is known as OPENING RANGE. (O.R.)
Write down High and Low of Opening Range.
now whenever trades above high or below low of Opening Range then it is known as OPENING RANGE BREAKOUT. (O.R.B.)
If O.R.B. is up then stoploss will be low of ORB for intraday.
same way, If ORB is down then stoploss will be high of ORB for intraday.
***********HOW TO TRADE FOR POSITIONAL CALLS USING O.R.B.*******

--------When call is 'HOLD LONG'

Do not trade for first 15 minutes.
now if OR breaks up then hold your longs keeping low of OR as stoploss for trading upto 3.00 PM.
after 3.00 PM if trading level is above our closing stoploss level then carry forward the long for next day.
If during inraday, low of OR is broken down and you have closed the long for intraday, then re-examine the level after 3.00PM. If trading above our closing stoploss level then re-enter long to carry forward for next day and if trading below our closing stoploss level, then do nothing.
--------When call is 'HOLD SHORT'

If OR breaks up then close your short. Re-examine at 3.00PM. If still trading below our closing stoploss level then re-enter short and carry forward it for next day. and if trading above our closing stoploss then do nothing.
If OR breaks the OR down then hold the short for intraday keeping high of OR as stoploss.after 3.00PM decide as per closing stoploss level.
----------When call is 'INITIATE LONG'

If OR breaks up then initiate long.
If OR breaks down then avoid the call.
---------When call is 'INITIATE SHORT'

If OR breaks up then avoid the call.
If OR breaks down then initiate short.

************CONCLUSION*****

Do not trade upto 10.10 AM.
From 10.10 AM to 3.00 PM trade with three levels(OR high, OR low, Closing stoploss) and one strategy (Long or Short).
after 3.00 PM trade with one level(Closing stoploss) and one strategy( Long or Short).

31 march 2009

Do not Buy if the Stock Trades below Stop loss level


Do not Sell if the Stock Trades above Stop loss level


Always use Stop Loss.


Nifty Future ( Intra Day )


For the month of April 2009 Nifty may take support at 2943...2966 Zone and face selling at 3147 and 3241 level.


Futures and Options traders may plan their activity accordingly.


Close below 3081 may favour bear only


For today's trading NF may take support at 2950..2920 zone.


Upper side it may face selling at 3011.3033 zone.


Expected swing for today's trading is 2920..3033


Stocks for Day Traders


PIVOT TABLE FOR TRADING NIFTY AND NIFTY STOCKS 31.03.2009


If trades above Pivot Point then Pivot turns Support level. If trades below Pivot Point the Pivot turns Resistance level


STOCK
SUPPORT-2
SUPPORT-1
PIVOT
RESISTANCE-1
RESISTANCE-2


NIFTY
2913.30
2950.80
3008.80
3046.30
3104.30


NIFTY 2900 CALL
121.10
151.20
200.60
230.70
280.10


NIFTY 2900 PUT
58.40
76.20
87.60
105.40
116.80


NIFTY 3000 CALL
76.60
99.20
135.60
158.20
194.60


NIFTY 3000 PUT
90.10
117.70
135.70
163.30
181.30


BHARTIARTL
567.80
588.80
603.60
624.60
639.40


BHEL
1412.60
1442.60
1491.30
1521.30
1570.00


DLF
153.10
159.30
169.50
175.70
185.90


INFOSYSTCH
1235.30
1268.40
1298.70
1331.80
1362.10


NTPC
160.90
172.30
178.90
190.30
196.90


ONGC
746.60
764.60
787.20
805.20
827.80


RELIANCE
1475.50
1496.00
1515.50
1536.00
1555.50


RCOM
157.50
162.80
171.40
176.70
185.30


SBIN
946.80
984.60
1051.80
1089.60
1156.80


TCS
485.10
504.20
537.10
556.20
589.10


Above calculations are based on NSE trading data on 30.03.2009.