Tuesday, August 24, 2010

Open Trade Strategy - 25th Aug

For me Initial hour trade it is like Playing Power play in Cricket. Even it is not advised by most experts that trading in this crucial hour, we can't omit opening hour in this kind of range bound market; Because out of 70% range for the day meet by in this hours'. (For Example.. Tatamotors High 1026 / Low 1007.10 - First hour High n Low was high 1026 / Low 1010)

If you missed this hour you may miss the whole day, Intraday Trading is taking chance.. Taking chance in opening hours is too risky but that same time your reward and exit time also advantages for you..

Lets see few levels how it will be in tomo's opening hours:

Reliance: 986 / 981 / 977 / 967 / 962
Tatamotors : 1028 / 1018 / 1008 / 1001 / 991
TataSteel: 526 / 523 / 517 / 513 / 510
AxisBank: 1356 / 1362 / 1373 / 1382 / 1398

Kindly check these noes representation in tomo market, Trading Strategy will be update in coming days...

Happy Trading!!!

Rajesh V Ravanapan
Posted by Rajesh V Ravanappan at 5:51 PM

1 comment:

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