Showing posts with label MM intraday. Show all posts
Showing posts with label MM intraday. Show all posts

Tuesday, 7 February 2012

NIFTY INTRADAY TRADING STRATEGY 02/07






NIFTY INTRADAY


Trade long if Nifty breaks 5400 (spot) for target of 5422, 5435 with a SL @ 5377 
Trade short below 5360 for targets of 5330. 5305  and 5290 with a SL @ 5385


M&M managed to breakout out its resistance and oscillators show an up-move. Buy Intraday for targets of 725-730

Buy above: 715.56   Targets: 721.9 - 728.63 - 735.39 - 742.19
Stoploss : 708.89
Sell below: 708.89   Targets: 702.6 - 695.98 - 689.4 - 682.85
Stoploss : 715.56






Wednesday, 1 February 2012

M&M Intraday






M&M is now trading at its intraday high/resistance level  of 697 SELL for a target of  680 - 675