DEVELOP A METHODOLOGY AND STICK WITH IT.DON’T CHANGE
METHODOLOGIES FROM DAY TO DAY.
I require my students to actually write down the specific market prerequisites (setups) that must take place in order for them to make a trade. I don’t necessarily care what the methodology is, but I do want them to make sure that they have a set of rules, market setups or price action that must appear in order for them to take the trade. You must have a game plan. If you have a proven methodology but it doesn’t seem to be working. in a given trading session, don’t go home that night and try to devise another one. If your methodology works more than one-half of the trading sessions, then stick with it.
Nifty Future Tips
(Updated on 22-05-2012 Time 08.50 AM)
In our earlier post, we indicated the 4765 was one of the level that might reverse the trend.
The market dipped to and bounced off that level.
We also told that markets were in extreme oversold levels
and shorting is not advisable at that much lower levels.
Now for Today…
NF seems to open with positive note.
Trading above 4827-4834 for 15 minutes or more will take it to 4865-4892.
In lower direction 4800-4777 are intraday support zone.
In panic selloff 4765-4752 may not be ruled out.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
