Day Trading Intraday Calls today 05 Jan 2018

Day Trading Intraday Calls today 05 Jan 2018 ; Intraday Levels tips

Disclaimer !

All the levels for Learning Purpose only. Risk involved.Read "Our first post for more details"

ALL ENTRIES AND SL EXITS ARE IN 5 MIN CANDLE CLOSING BASIS

My Intraday 05.01.2018 watch list:

Buy or sell while crossing and closing above the said levels only, not in gapup or gapdown

TATAPOWER
Buy Above 100.1

Sell Below 99.1

MOTHERSUMI
Buy Above 376.5 SL 374

BRGERPAINT
Buy Above 267 SL 264

MUTHOOTFIN
Buy Above 463.4 SL 459.4

AXISBANK
Buy Above 561.5 SL 559.5 (Eg. T1 563 T2 563.5 T3 564.5)
Sell Below 557.5 SL 559.5
                            

Note: Target 1 is Risk Reward Ratio (RRR) 1:0.75, Target 2 is RRR 1:1 and final target RRR 1:1.5

          For example if a call is Buy above 100 and sell below 98, then here risk is 2rs,If we bought, so our first target would be 100 + (2 * 0.75) = 101.5 and target 2 will be 102 and target 3 will be 100+(2*1.5)=103. Always book partial profits and revise SL to cost. Try to book full at Target 2, if you're risk averse.

Remember: if trading on these levels, Pls don't miss to read below post to limit your losses

http://www.techno-funda.com/2017/06/personal-intraday-tips-for-beginners-my.html

Thanks :-)