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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21 November 2012

MCX IntraDay & Positional Trend - 21Nov2012


Focus ComTrendz
>>--< Intraday & Positional >--<<

ALUMINIUM
Hold Long Position given @ 101.85
SL below 106.4
PCP : 107.25
Daily Trend
Pivot Point : 107.7

Support : 106.8
Short BreakOut : 106.4
Trgt : 105.8 - 105.3
&
Resistance : 107.7
Long BreakOut : 108.1
Trgt : 108.7 - 109.2

Expected Range
106 -  108
>>---<>---<<

ALUMINIUM
>>--- In the Range ---<<
Buy around : 106.8 - 106.6 StopLoss below : 106.4 for Target : 107.1 - 107.5 - 107.7
&
Sell around : 107.7 - 107.9 StopLoss above : 108.1 for Target : 107.4 - 107.0 - 106.8

>>--- If BreakOut ---<<
Buy around : 108.1 StopLoss below : 107.7 for Target : 108.7 - 109.2
&
Sell around : 106.4 StopLoss above : 106.8 for Target : 105.8 - 105.3

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



BRCRUDEOIL
Hold Long Position given @ 5824
SL below 5960
PCP : 6058
Daily Trend
Pivot Point : 6090

Support : 6021
Short BreakOut : 5984
Trgt : 5924 - 5887
&
Resistance : 6094
Long BreakOut : 6131
Trgt : 6191 - 6228

Expected Range
5982 -  6116
>>---<>---<<

BRCRUDEOIL
>>--- In the Range ---<<
Buy around : 6021 - 6002 StopLoss below : 5984 for Target : 6045 - 6082 - 6094
&
Sell around : 6094 - 6113 StopLoss above : 6131 for Target : 6070 - 6033 - 6021

>>--- If BreakOut ---<<
Buy around : 6131 StopLoss below : 6094 for Target : 6191 - 6228
&
Sell around : 5984 StopLoss above : 6021 for Target : 5924 - 5887

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



COPPER
Hold Long Position given @ 416.2
SL below 418.6
PCP : 427.75
Daily Trend
Pivot Point : 427.7

Support : 426.6
Short BreakOut : 425.5
Trgt : 423.6 - 422.5
&
Resistance : 428.9
Long BreakOut : 430.0
Trgt : 431.9 - 433.0

Expected Range
427 -  431
>>---<>---<<

COPPER
>>--- In the Range ---<<
Buy around : 426.6 - 426.0 StopLoss below : 425.5 for Target : 427.4 - 428.5 - 428.9
&
Sell around : 428.9 - 429.5 StopLoss above : 430.0 for Target : 428.1 - 427.0 - 426.6

>>--- If BreakOut ---<<
Buy around : 430.0 StopLoss below : 428.9 for Target : 431.9 - 433.0
&
Sell around : 425.5 StopLoss above : 426.6 for Target : 423.6 - 422.5

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



CRUDEOIL
Exit Long Position given @ 4609
Fresh buy only above 4940
PCP : 4806
Daily Trend
Pivot Point : 4841

Support : 4762
Short BreakOut : 4719
Trgt : 4649 - 4606
&
Resistance : 4849
Long BreakOut : 4892
Trgt : 4962 - 5005

Expected Range
4715 -  4872
>>---<>---<<

CRUDEOIL
>>--- In the Range ---<<
Buy around : 4762 - 4741 StopLoss below : 4719 for Target : 4791 - 4834 - 4849
&
Sell around : 4849 - 4870 StopLoss above : 4892 for Target : 4820 - 4777 - 4762

>>--- If BreakOut ---<<
Buy around : 4892 StopLoss below : 4849 for Target : 4962 - 5005
&
Sell around : 4719 StopLoss above : 4762 for Target : 4649 - 4606

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



GOLD
Hold Long Position given @ 30498
SL below 31600
PCP : 31744
Daily Trend
Pivot Point : 31768

Support : 31695
Short BreakOut : 31646
Trgt : 31567 - 31519
&
Resistance : 31792
Long BreakOut : 31841
Trgt : 31920 - 31968

Expected Range
31718 -  31895
>>---<>---<<

GOLD
>>--- In the Range ---<<
Buy around : 31695 - 31671 StopLoss below : 31646 for Target : 31727 - 31776 - 31792
&
Sell around : 31792 - 31817 StopLoss above : 31841 for Target : 31760 - 31711 - 31695

>>--- If BreakOut ---<<
Buy around : 31841 StopLoss below : 31792 for Target : 31920 - 31968
&
Sell around : 31646 StopLoss above : 31695 for Target : 31567 - 31519

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



LEAD
Exit Long Position given @ 109.2
Fresh buy only above 121.60
PCP : 119.6
Daily Trend
Pivot Point : 120.0

Support : 119.2
Short BreakOut : 118.8
Trgt : 118.1 - 117.7
&
Resistance : 120.0
Long BreakOut : 120.4
Trgt : 121.1 - 121.5

Expected Range
119 -  120
>>---<>---<<

LEAD
>>--- In the Range ---<<
Buy around : 119.2 - 119.0 StopLoss below : 118.8 for Target : 119.5 - 119.9 - 120.0
&
Sell around : 120.0 - 120.2 StopLoss above : 120.4 for Target : 119.7 - 119.3 - 119.2

>>--- If BreakOut ---<<
Buy around : 120.4 StopLoss below : 120.0 for Target : 121.1 - 121.5
&
Sell around : 118.8 StopLoss above : 119.2 for Target : 118.1 - 117.7

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



NATURALGAS
Hold Long Position given @ 192.3
SL below 203.0
PCP : 209.9
Daily Trend
Pivot Point : 208.7

Support : 208.6
Short BreakOut : 207.3
Trgt : 205.2 - 203.9
&
Resistance : 211.2
Long BreakOut : 212.5
Trgt : 214.6 - 215.9

Expected Range
208 -  213
>>---<>---<<

NATURALGAS
>>--- In the Range ---<<
Buy around : 208.6 - 208.0 StopLoss below : 207.3 for Target : 209.5 - 210.8 - 211.2
&
Sell around : 211.2 - 211.8 StopLoss above : 212.5 for Target : 210.3 - 209.0 - 208.6

>>--- If BreakOut ---<<
Buy around : 212.5 StopLoss below : 211.2 for Target : 214.6 - 215.9
&
Sell around : 207.3 StopLoss above : 208.6 for Target : 205.2 - 203.9

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



NICKEL
Hold Long Position given @ 864.2
SL below 882
PCP : 909.5
Daily Trend
Pivot Point : 908.6

Support : 904.1
Short BreakOut : 898.7
Trgt : 890.0 - 884.6
&
Resistance : 914.9
Long BreakOut : 920.3
Trgt : 929.0 - 934.4

Expected Range
904 -  924
>>---<>---<<

NICKEL
>>--- In the Range ---<<
Buy around : 904.1 - 901.4 StopLoss below : 898.7 for Target : 907.7 - 913.1 - 914.9
&
Sell around : 914.9 - 917.6 StopLoss above : 920.3 for Target : 911.3 - 905.9 - 904.1

>>--- If BreakOut ---<<
Buy around : 920.3 StopLoss below : 914.9 for Target : 929.0 - 934.4
&
Sell around : 898.7 StopLoss above : 904.1 for Target : 890.0 - 884.6

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



SILVER
Hold Long Position given @ 57599
SL below 60500
PCP : 61536
Daily Trend
Pivot Point : 61644

Support : 61385
Short BreakOut : 61235
Trgt : 60992 - 60842
&
Resistance : 61686
Long BreakOut : 61836
Trgt : 62079 - 62229

Expected Range
61481 -  62027
>>---<>---<<

SILVER
>>--- In the Range ---<<
Buy around : 61385 - 61310 StopLoss below : 61235 for Target : 61485 - 61636 - 61686
&
Sell around : 61686 - 61761 StopLoss above : 61836 for Target : 61586 - 61435 - 61385

>>--- If BreakOut ---<<
Buy around : 61836 StopLoss below : 61686 for Target : 62079 - 62229
&
Sell around : 61235 StopLoss above : 61385 for Target : 60992 - 60842

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



ZINC
Exit Long Position given @ 96.85
Fresh buy only above 106.7
PCP : 105.05
Daily Trend
Pivot Point : 105.3

Support : 104.7
Short BreakOut : 104.4
Trgt : 104.0 - 103.7
&
Resistance : 105.4
Long BreakOut : 105.7
Trgt : 106.1 - 106.4

Expected Range
104 -  106
>>---<>---<<

ZINC
>>--- In the Range ---<<
Buy around : 104.7 - 104.6 StopLoss below : 104.4 for Target : 104.9 - 105.3 - 105.4
&
Sell around : 105.4 - 105.5 StopLoss above : 105.7 for Target : 105.2 - 104.8 - 104.7

>>--- If BreakOut ---<<
Buy around : 105.7 StopLoss below : 105.4 for Target : 106.1 - 106.4
&
Sell around : 104.4 StopLoss above : 104.7 for Target : 104.0 - 103.7

>>---<<>>---<<
Posted by Lalit Jain at Wednesday, November 21, 2012

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