Best way of day trading - 2652 theory of trading

[rahul1983]

Perfect Rahul. I'm with you. For Rel future. Buy 1338 sell1298. Let me know your figures.

Sachin.

Yes RIL FUT Buy @ 1337

Sell @ 1300

thanks

 

[sachinsamani]

Good news guys. Sunil is recovered and he has already started posting in one of the threads. ( General thread not Stock market Thread.)We should thank God for his speedy recovery. Welcome back Sunil.

Sachin Samani.

 

[rahul1983]

Yes RIL FUT Buy @ 1337

Sell @ 1300

thanks

Final targets @ 10.35

nifty buy @ 2828 Sell @ 2783

RIl buy @ 1337 sell @ 1300

PLzz confirm

 

[dhiraj11378]

ok..let me answer this ...if wrong dhiraj please let us know...

1) just get the high/low @ 10.15 along with prev day high/low and get the buy/sell/sl
if till 10.35 order/trade is not triggered either buy or sell ..immediately focus to find high/low from 10.15 to 10.35 ....if the stock has made any high/low between 10.15 upto 10.35 & if trade is not triggered as per the 10.15 level
upto 10.35 then record the high/low into excel sheet under 'current day 10.35 column' + enter this level into calculator along with prev day high/low to get modified buy/sell level ready..
2)if trade is triggered as per 10.15 level (i.e if trade is triggered between 10.15 upto 10.35) and target achieved ...mark 'yes' under excel column as 'Yes' under 'initial order executed field'
3) dhiraj is saying dont take fresh stock after 10.35 cuz it is possible that the target may got have achieved or sl hit as per 10.15 level....
4) for existing order after 10.35 if new high/low is made get it into calculator to get new buy/sell signal.....
5) if high/low @10.35 is modified ...column 'fresh order modified as per 10.35 field' to be marked as 'yes'..(excel sheet is just for recording levels)
this is how i understand ....
pls comment if nething mistaken or misunderstood..

regards
harsh

yes harsh u got it right .
rahul , sasi i will explain this again with a example after market.
do not get confused , i have not changed a single word from my first post .
for every new high and low made after 10.35 u must modfiy ur sell and buy orders respectively.
thanks harsh

dhiraj

 

[dhiraj11378]

Final targets @ 10.35

nifty buy @ 2828 Sell @ 2783

RIl buy @ 1337 sell @ 1300

PLzz confirm

rahul , do modify ur orders as per new high or low after 10.35
keep a track
dhiraj

 

[dhinakar113]

yes harsh u got it right .
rahul , sasi i will explain this again with a example after market.
do not get confused , i have not changed a single word from my first post .
for every new high and low made after 10.35 u must modfiy ur sell and buy orders respectively.
thanks harsh

dhiraj

Dhiraj,

Do you suggest any specific time intervals for taking new Highs & Lows for modifying orders? Like 12.30, 2.30 2.45 etc. Pl clarify.

dhinakar

 

[rahul1983]

rahul , do modify ur orders as per new high or low after 10.35
keep a track
dhiraj

NIFTY BUY TRIG ??? 2830 High

buy @ 2828

 

[sachinsamani]

Nifty buy trigerred.

 

[sachinsamani]

So far a range bound market. Waiting for a breakout.....

Sachin

 

[bandlab2]

dhiraj, confusion on bank nifty. can u clear this ?

yesterday hi/lo 4328, 4158
today at 10:35 hi/lo 4323, 4267

long triggered at around 11:30 for 4340 and went upto 4348 but not the target of 4362. then it hit sl at 4297.

now for next trade what values to be taken ? this is a double qty. applicable factor for 1st trade is 73.96.

waiting for yr reply