Nifty & Bank Nifty, Technical Levels For Swing Trading, Update - 20 July 2012

No Changes

Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 5260
Low risk entry : 5210
Target : 5130

Bank Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 10720
Low risk entry : 10600
Target : 10350
Posted by A J at
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5 comments:

  1. saptharshiThursday, July 19, 2012 8:59:00 PM

    sir above nifty and Bank nifty spot levels for intra day or positional

    ReplyDelete
  2. A JThursday, July 19, 2012 10:21:00 PM

    Hi Saptharshi,
    Positional, you can check the following post for some ideas.

    http://financeandtradingmadeeasy.blogspot.in/2010/01/how-to-use-market-calls-table.html

    Cheers

    ReplyDelete
  3. soumenFriday, July 20, 2012 9:57:00 AM

    Dear A J,

    For last few days, I'm going thru yr system.May I know, after taking position at SAR, what will be the SL or SAR for the same day ?

    ReplyDelete
    Replies
    1. A JFriday, July 20, 2012 10:30:00 AM

      Hi Soumen,
      It will be pivot high or low, in other words recent high or low that you can see in the chart in the previous 2-3 days.

      That's what I do when I update the levels here, some people keep aggressive stops (say 20-30 points) as you can get a false breakout of SAR. Ideally one should adjust their volume (number of lots) keeping SAR the way I update it. But with fixed lots and limited capital people will have trouble keeping SAR which may be 100-150 point away from LTP (Last Traded Price)
      So it all boils down to your comfort level :)

      Delete
  4. soumenFriday, July 20, 2012 12:32:00 PM

    Dear A.J.,

    Thanks for yr prompt reply.

    ReplyDelete

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