Today(10-8-11)Nifty opened at 5198 with a gain of 125 points, declined steadily to bottom of M1(5123), moved up to 5173 and closed at 5161 with a gain of 88 points. Nifty futures range was 5223 -> 5118, having a difference of 105 points. As Nifty opened around 200 points above Agni level and low was 133 points above Agni level buy could not be executed. Further, as per day trading manthra it was a sell from the beginning. Ideal range for a buy is less than 20 points from Agni level. As tomorrow's Agni level is at 4975 wait till Nifty comes near it or avoid trading.
2 comments:
Nandi sir,
Day trading method as per Agni level, If open above agni level and come back near to agni we will buy, what will be stoploss for that trade....If breach agni level we want to reverse our trade...Please explain....
Thanks.
Dear Sri.Ganesh,
Please go through the link "DAY TRADING MANTHRA" given left side.
Agni level is only one factor among "AGNI BREAKS OPEN PREMIUM. If three positives go long and if three negatives go short. If it is two positives and two negatives wait for opportunity.
Post a Comment