The Basic Golden Rules of Trading ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Always be a disciplined trader. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Price is what you pay. Value is what you get. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Never trade on news or rumors, always follow the levels, remember, news does not make levels, it just triggers levels. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Never ever enter a trade where the risk to reward ratio is less than 1:4. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Never get panicked or exited by the happenings on the screen, stick to the levels and stop loss, else you’ll always end up loser. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------80-20 rule→Always remember 80% of the profit from trading will come only from 20% of your trades. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Be consistent and systemic→A trader has to be systemic and consistent in his trading. Only a consistent trader can make most out of the available opportunities. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------No prediction→One can never know in advance which of his trade will end in a loss or profit. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Follow the trend→Always follow the trend. Follow the price and never ever expect market to follow you. ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------Big profits & losses (a part of trading)→Hold your profit making trade till your trailing stop loss hit. Same way, Enter in your trade with proper stop loss and close your trade when ever your stop loss hits.------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------

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NSE Live HeatMap

10 January 2012

IntraDay Level - 10Jan2012


Focus ComTrendz
>>---<<>>---<<

GOLD - Daily
PCP : 27,578

IntraDay Level
Support : 27521
Short BreakOut : 27465
Trgt : 27370 - 27315
&
Resistance : 27635
Long BreakOut : 27692
Trgt : 27785 - 27840

Expected Range
27462 -  27668

>>---<<>>---<<

SILVER - Daily
PCP : 51,749

IntraDay Level
Support : 51535
Short BreakOut : 51315
Trgt : 50970 - 50755
&
Resistance : 51965
Long BreakOut : 52180
Trgt : 52530 - 52745

Expected Range
51166 -  51950

>>---<<>>---<<

NICKEL - Daily
PCP : 1,002.1

IntraDay Level
Support : 995.9
Short BreakOut : 989.7
Trgt : 979.7 - 973.5
&
Resistance : 1008.3
Long BreakOut : 1014.5
Trgt : 1024.5 - 1030.7

Expected Range
993 -  1015

>>---<<>>---<<

CRUDEOIL - Daily
PCP : 5,295

IntraDay Level
Support : 5269
Short BreakOut : 5242
Trgt : 5200 - 5175
&
Resistance : 5320
Long BreakOut : 5348
Trgt : 5390 - 5415

Expected Range
5238 -  5333

>>---<<>>---<<
Posted by Lalit Jain at Tuesday, January 10, 2012

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