can any one tell me how to interpret the sheet pls?
Sundar, this is the simplest of the tabulations you can ever get for the purpose of day trading and Ramesh Sir is giving spoon feeding for guys like me who neither the facility nor the knowledge to bring out such tables.
Keep the trend column as a mid point. If it reduces beyond the level given under Sell Below, then that stock is falling down with the next support @ S1, S2 etc. For such stocks use the Sell Below level to sell and expect the stock to fall down to the next support level @ S1.
If the price of a stock moves above the trend level and reaches Buy Above level, wait for a few minutes to ensure that the up trend stays and you can buy that stock with a possible target of R1-R2 etc.
For example take the case of LT in today's chart. The indication given in the table is ifthe stock moves above 1373.13, then it is a buy, with the next resistance R1 at 1457.43. The scrip went upto the level of 1439 after crossing the indicated buy level of 1373.13, though it did not touch the R1 levels.
If you are new to day trading, then please try dummy paper trading with these charts till you get the feel of it. Always ensure that you place a proper stop loss as indicated in the SL columns for buy or sell as the case may be.