Umesh Dave
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Trade for ALL ( Umesh ) ( 20-10-2018 ) ( Sat )

Umesh Dave at 10:21 AM - Oct 20, 2018 ( ) Views: 612

2 5

 

 

My Dear All Mudraa Family Members,

 

Today I am starting this thread with a hope to be helpful

to all types /categories of TRADERS.

 

As far as my knowledge of Stock Market is concerned,

there are 3 types of Traders.

 

They are :-

 

Short Term Trader :- Normally they hold their position for

hardly a week OR 10 days.

 

Medium Term Trader :- Normally they hold their position for

few weeks to sometimes few months.

 

Long Term Trader :- Normally they carry their position for

more than 6 months . ( As such they are basically they are

Investors )

 

Now I will try to give TRADIND STRATEGY for all 3 categories 

 

Short Term Trader :- Normally they hold their position for hardly a week OR 10 days.

 

Take the HIGHS and LOWS of last week and GO LONG or SHORT, which way the market goes.

 

HIGHS and LOWS are available at NSE website.

 

As it is a starting of this thread, I am giving below last week’s HIGHS and LOWS of 2 important Index and few scrips. Next week onwards, you have to search for it.

 

                                   Last week’s       Last week’s      Last week’s

                                    C L O S E            H I G H              L  O  W

 

Nifty  …...................    10,303.55          10,710.15          10,249.60

 

Bank Nifty ….............  25,085.80           25,915.35          24,922.65

 

Dr Reddy …............…  2,552.35              2,599.00        2,443.40

 

HDFC Bank ...........… 1,967.75                2,018.20         1,958.00

 

Infosys ….............….   683.55                    721.80           678.00

 

L  &  T …...........….   1,206.05                   1,238.00        1,186.00

 

Reliance …............  1,101.30                  1, 179.35        1,070.25

 

Tata Steel …...........  554.95                     584.00            545.00

 

Now when we have figures , let me elaborate,

how to trade as per these figures.

 

Let us take a hypothetical situation:-

 

Suppose on 23-10-2018 (Tue ), Dr Reddy crosses LWH of 2,599.00,

you have to GO LONG with a STOP LOSS of last week’s closing

(2,552.55) OR Low of the next week (22-10-2018 (Mon) to the moment

you are taking a LONG position ), whichever is less.

 

Let us assume that the LONG position is being taken on 23-10-

2018(Tue) at 11.00 am above 2599.00 and 22-10-2018 to 23-10-2018 (

till 11.00 am) the lowest is 2565.00. Now our Stop Loss would be

2,552.35.

 

Same way if the SHORT position is being taken in any

Scrip /Index below last week’s low.

 

Medium Term Trader :-

 

Daily I will try to give figures of the above Index / Scrips:-

 

 

                                          Last week’s                  Turning                                                                   C L O S E                      Point

 

Nifty  …………...…….    10,303.55   ……........….   10,711  

 

Bank Nifty …………..  25,085.80  ……..........……   25,592

 

Dr Reddy ………….…  2,552.35  ……..........…..…    2536

 

HDFC Bank ………… 1,967.75 ……...........………   1,992

 

Infosys ………….….   683.55   …….........………….   705        

 

L  &  T ……………..   1,206.05  ……...........……….  1,255

 

Reliance …..………..  1,101.30  ……….......……..   1,159 

 

Tata Steel ……..……  554.95  ……….........……….   577     

 

Now when we have the figures , let me elaborate,

how to trade as per these figures.

 

Whenever, it closes above OR below the turning point, next day

you have to take a position . Till then NO TRADE  at all in that

Index / Scrip.

 

Example:- Suppose on 22-10-2018(Mon), Infosys closes above 705.

Now on 23-10-2018(Tue), you have to take LONG position above the

HIGH of 22-10-2018(Mon).

 

Stop Loss = The TP of 22-10-2018 OR the LOW of 22-10-2018,

whichever is less.

 

Suppose it does not crosses 22-10 High on 23-10,

then wait till 24-10-2018, 25-10-2018 and so on

 

Same manner, one should take the SHORT position.

 

 

Long Term Trader :-

 

Here I will provide a link of NSE website, where 52 weeks High

and Lows are available.

Daily this site is updated ( as such in real time) .

 

One can BUY  any good scrip near 52 weeks LOW

and wait patiently.

 

https://nseindia.com/products/content/equities/equities/eq_new_high_low.htm

 

If you need the TURNING POINT of any SCRIP ( N S E listed only ),

please let me  know .

 

Warm Regards

 

 

 

 

 

 

 

 

 

 


(1 to 4 out of 4) - Latest Replies on Top | First | << Previous | Next >> | Last |
Umesh Dave at 01:00 PM - Oct 23, 2018 ( )

                                                                                 

 

 

Friends,

Due to Internet problem, I could  not  update in time........

Sorry.

 

Turning Point for 23 - 10 - 2018 ( Tue )

 

                                       Previus Day's                 Turning Point

                                            Close
 

Nifty  …………...…….    10,245.25   ……............….   10,670 

 

Bank Nifty …………..  25,078.60  …….............……   25,552

 

Dr Reddy ………….…  2,519.40  …...…..........…..…    2504

 

HDFC Bank ………… 1,998.90 ……...........………   1,994

 

Infosys ………….….   679.95   …….........………….   702        

 

L  &  T ……………..   1,206.05  ……...........……….  1,250

 

Reliance …..………..  1,062.65  ……….......……..   1,149 

 

Tata Steel ……..……  544.75  ……….........……….   573

 

 

Tata Motors ……....  170.75  …….….........……….   206

 

    

 

Vijayan Kurup at 10:02 AM - Oct 21, 2018 ( )

Umesh ji, A very good initiative; I greatly apprecite your gesture of posting your guidelines as per above.

Umesh Dave at 06:57 AM - Oct 21, 2018 ( )

 

 

Dear OmPrakash Ji,

 

For 22 - 10 - 2018 ( Mon )

Tata Motors ( Last Close ) = 174.70

Turning Point = 2 1 0

 

 

Omprakash Verma at 04:53 PM - Oct 20, 2018 ( )

Thanks and Welcome Umesh ji for the initiative

Pl provide turning point for Tatamotors.......

Omprakash Verma at 04:53 PM - Oct 20, 2018 ( )

Thanks and Welcome Umesh ji for the initiative

Pl provide turning point for Tatamotors.......

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