8/31/2009

NIFTY HOURLY

 

FOR 3-3:30pm

LOWER CIRCUIT LEVEL – 4654.7 ((GO LONG FROM 4654-4659 WITH SL 4650)

UPPER CIRCUIT LEVEL – 4674 (GO SHORT FROM 4674-4670 WITH SL 4678)

FOR 3-4pm

 LOWER CIRCUIT LEVEL – 4643 (GO LONG FROM 4643-4653 WITH SL 4640)

 UPPER CIRCUIT LEVEL – 4686 (GO SHORT FROM 4676-4686 WITH SL 4690)

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HOW UPPER/LOWER CIRCUIT WORKS??

  BULLISH

  Go LONG above UPPER CIRCUIT with UPPER-CIRCUIT level as STOP-LOSS

Go LONG near LOWER CIRCUIT with LOWER CIRCUIT level as STOP-LOSS

BEARISH

Go SHORT below LOWER CIRCUIT with LOWER-CIRCUIT level as STOP-LOSS

Go SHORT near UPPER CIRCUIT with UPPER CIRCUIT level as STOP-LOSS

 

(NOTE: ALL THESE LEVELS WHERE APPLICABLE ONLY FOR THAT PARTICULAR HOUR)

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