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DayTrading Report- brought to you By Tipsonhand.com - 532720 [ MMFIN ], MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Daytrading report for 09/16/2016 |
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DAYTRADING SOFTWARE NOW AVAILABLE, DOWNLOAD NOW DAY TRADE REPORT FOR M&M FINANSER For 16 September 2016--------INDEX-------- 1. Opening & General Trading Call, Last trading prices 2. Trade Alert 3. When to Sell? 4. When to Buy? 5. When to Stop Loss? 6. How to calculate Day Trade Range? 7. How to Find Intraday Sentiment? 8. Past few weeks/Days Trend/High/Low/Average Report 9. Disclaimer Abbreviations: RNK: Rank, STR: Strength, SEN: Sentiment,H: High, L: Low, HLD: High-low Difference EX: Extreme, LT: Little, BL: Bullish, BR: Bearish, N: Neutral, SUP: Support, RES: Resistance ----------1. Opening & General Trading Call, Last trading prices--------- OPENING DAY TRADE SENTIMENT for 16 September 2016: LITTLE UPWARD [3] [ NEUTRAL TO BEARISH BELOW 338.40 ] TRADING CALL for 16 September 2016: Buy in weakness, Partial Sell on Rally (book some profit) LAST TRADING SHOWS: Fresh Buying (Volume: DEAD) Last trading on 15 September 2016 Prices (BSE): PC: 342.05 O: 342.00 L: 335.20 H: 342.00 A: 338.78 C: 338.90 --------------2. TRADE ALERT-------------- More upside above - 357.00 , 349.00 , 352.00 More downside below - 337.75 , 338.00 , 334.50 -------------3. WHEN TO SELL?------------ Selling pressure (resistance) arround/below this prices: 357.00 [RNK: 1][STR: -50][SEN: BL] 351.00 [RNK: 4][STR: -7][SEN: BL] 349.00 [RNK: 2][STR: -25][SEN: LT+BL] 343.00 [RNK: 3][STR: -7][SEN: LT+BL] last Close [338.90] Watch out for more selling arround/below this prices: 337.75 [RNK: 1][STR: -37][SEN: N] 332.00 [RNK: 2][STR: -9][SEN: LT+BR] --------------4. WHEN TO BUY?-------------- Watch out for buying arround/above this prices: 352.00 [RNK: 1][STR: 6][SEN: BL] 350.00 [RNK: 3][STR: 1][SEN: LT+BL] 344.00 [RNK: 2][STR: 4][SEN: LT+BL] last Close [338.90] Buying support arround/above this prices: 338.00 [RNK: 1][STR: 34][SEN: N] 334.50 [RNK: 2][STR: 3][SEN: LT+BR] -------------5. WHEN TO STOP LOSS?------------- Stop Loss on long positions: When rank 1,2,3 support breaks below last close price :338.00, 334.50 Stop Loss on Short positions: When rank 1,2,3 resistance breaks above last close price: 357.00, 349.00, 343.00 #Delivery based trading is better than completely square up based DAY TRADE. ----------6. How to calculate TRADE RANGE?--------- Formula - LOW = MIN(L1,L2,l3) wbere L1 = Today's Low | L2 = AVG(Price1(L),Price2(L)..) | L3 = Today's High - AVG(HLDX, HLD1...) Formula - HIGH = MAX(h1,H2,H3) where H1 = Today's High| H2 = AVG(Price1(H),Price2(H)...)| H3 = Today's Low + AVG(HLDX, HLD1...) # Only requires to recalculate for new high/low - intraday bases Example: If M&M FINANSER opens at 338.00 Trade Range (approx): 328.51 - 347.49 -------AVG(HLD) = AVG(9.11, AVG(9.87)) = 9.49 -------Low = MIN(338.00, AVG(332.87),328.51) = 328.51 -------High = MAX(338.00, AVG(342.74),347.49) = 347.49 TRADE RANGE CALCULATION TABLE (PRICE, LOW, HIGH, HLD): HLDX = 9.11 362.00[L: 353.40][H:368.53]HLD: 15.13][SEN: EX+BL][RNK: 99][STR: 8][SUP][Fresh Buying] 359.00[L: 352.98][H:363.34]HLD: 10.36][SEN: EX+BL][RNK: 99][STR: 33][RES][Fresh Buying] 358.00[L: 352.98][H:363.34]HLD: 10.36][SEN: BL][RNK: 99][STR: 8][SUP][Fresh Buying] 357.00[L: 352.98][H:363.34]HLD: 10.36][SEN: BL][RNK: 1][STR: 50][RES][Fresh Buying] 352.00[L: 349.84][H:359.42]HLD: 9.58][SEN: BL][RNK: 1][STR: 6][SUP][Fresh Buying] 351.00[L: 348.83][H:356.38]HLD: 7.55][SEN: BL][RNK: 4][STR: 7][RES][Fresh Buying] 350.00[L: 347.83][H:354.50]HLD: 6.67][SEN: LT+BL][RNK: 3][STR: 1][SUP][Fresh Buying] 349.00[L: 342.08][H:352.67]HLD: 10.59][SEN: LT+BL][RNK: 2][STR: 25][RES][Fresh Buying] 344.00[L: 333.58][H:347.25]HLD: 13.67][SEN: LT+BL][RNK: 2][STR: 4][SUP][Fresh Buying] 343.00[L: 333.05][H:346.10]HLD: 13.05][SEN: LT+BL][RNK: 3][STR: 7][RES][Fresh Buying] 338.00[L: 332.87][H:342.74]HLD: 9.87][SEN: N][RNK: 1][STR: 34][SUP][Selling Interest] 337.75[L: 332.87][H:342.74]HLD: 9.87][SEN: N][RNK: 1][STR: 37][RES][Selling Interest] 334.50[L: 330.62][H:340.39]HLD: 9.77][SEN: LT+BR][RNK: 2][STR: 3][SUP][Selling Interest] 332.00[L: 329.62][H:339.50]HLD: 9.88][SEN: LT+BR][RNK: 2][STR: 9][RES][Selling Interest] ------------7. HOW TO FIND INTRADAY SENTIMENT?------------ MINDNMONEY INTRADAY SENTIMENT INDEX ESTIMATOR: [Index range: -9 to 9] You need to calculate from INTRADAY MOST RECENT CYCLE (IMRC) (Not INTRADAY/DAY HIGH/LOW) Need to recalculate, when Cycle,Trend changes and/or every 1 hour to find the sentiment at that time. Start with 0, 1] If IMRC High is more than : 328.53 than add 1 Otherwise add -1. 2] If IMRC High is more than 342.26 than add 1 Otherwise add -1. 3] If IMRC High is more than 358.22 than add 1 Otherwise add -1. 4] If IMRC LOW is more than 325.13 than add 1 Otherwise add -1. 5] If IMRC LOW is more than 335.49 than add 1 Otherwise add -1. 6] If IMRC LOW is more than 350.50 than add 1 Otherwise add -1. 7] If IMRC or DAY AVERAGE is more than 327.74 than add 1 Otherwise add -1. 8] If IMRC or DAY AVERAGE is more than 339.13 than add 1 Otherwise add -1. 9] If IMRC or DAY AVERAGE is more than 355.33 than add 1 Otherwise add -1. Conclusion: If result is greater than 2 than Upward Move Possible, greater than 5 than More Upward Move Possible If result is between -2 & 2 than Upward/Downward - Bothside Move Possible If result is less than -2 than Downward Move Possible, less than -5 More Downward Move Possible -------------8. Last few weeks/days trend report-------------- Overall Trend from last few weeks (approx): PRICE TREND: DOWNWARD [-5] DAILY HIGH: NEUTRAL [-2] DAILY LOW: NEUTRAL [-2] DAILY AVERAGE: NEUTRAL [-2] Last few days trend (approx): PRICE TREND: DOWNWARD [-7] DAILY HIGH: DOWNWARD [-7] DAILY LOW: EXTREME DOWNWARD [-9] DAILY AVERAGE: DOWNWARD [-7] ------------9. Disclaimer------------- This is a personal view or an opinion. Please study fundamentals of the script before investing. Market sentiment, news and announcement can change the trading behaviour. |
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