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DayTrading Report- brought to you By Tipsonhand.com - 533160, D B REALTY - Daytrading report for 10/10/2011 |
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DAYTRADING SOFTWARE NOW AVAILABLE, ASK FOR DEMO DAY TRADE REPORT FOR D B REALTY For 10 October 2011--------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 10 October 2011: LITTLE UPWARD [2] [ NEUTRAL TO BULLISH ABOVE 50.68 ] TRADING CALL for 10 October 2011: Buy in weakness, Partial Sell on Rally (book some profit) LAST TRADING SHOWS: Short Covering Last trading on 7 October 2011 Prices (BSE): PC: 50.80 O: 51.50 L: 50.70 H: 52.60 A: 51.30 C: 51.00 --------------2. TRADE ALERT-------------- More upside above - 51.40 , 52.70 , 51.50 More downside below - 48.50 , 47.75 , 50.60 -------------3. WHEN TO SELL?------------ Selling pressure (resistance) arround/below this prices: 54.10 [RNK: 4][STR: -4][SEN: BL] 53.45 [RNK: 5][STR: -1][SEN: BL] 52.70 [RNK: 2][STR: -16][SEN: BL] 52.00 [RNK: 3][STR: -11][SEN: N] 51.40 [RNK: 1][STR: -18][SEN: N] last Close [51.00] Watch out for more selling arround/below this prices: 50.70 [RNK: 3][STR: -2][SEN: N] 50.50 [RNK: 2][STR: -2][SEN: N] 47.75 [RNK: 1][STR: -11][SEN: EX+BR] --------------4. WHEN TO BUY?-------------- Watch out for buying arround/above this prices: 53.60 [RNK: 4][STR: 3][SEN: BL] 53.00 [RNK: 3][STR: 7][SEN: BL] 52.10 [RNK: 2][STR: 9][SEN: N] 51.50 [RNK: 1][STR: 11][SEN: N] last Close [51.00] Buying support arround/above this prices: 50.90 [RNK: 3][STR: 4][SEN: N] 50.60 [RNK: 2][STR: 7][SEN: N] 48.50 [RNK: 1][STR: 29][SEN: BR] -------------5. WHEN TO STOP LOSS?------------- Stop Loss on long positions: When rank 1,2,3 support breaks below last close price :48.50, 50.60, 50.90 Stop Loss on Short positions: When rank 1,2,3 resistance breaks above last close price: 51.40, 52.70, 52.00 #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 D B REALTY opens at 50.90 Trade Range (approx): 47.69 - 54.12 -------AVG(HLD) = AVG(3.09, AVG(3.34)) = 3.22 -------Low = MIN(50.90, AVG(49.00),47.69) = 47.69 -------High = MAX(50.90, AVG(52.34),54.12) = 54.12 --- After 15 minutes it went up to HIGH price: 51.50 So now trade Range (approx): 48.25 - 54.15 -------AVG(HLD) = AVG(3.09, AVG(3.34, 3.31)) = 3.25 -------Low = MIN(50.90, AVG(49.00, 50.30),48.25) = 48.25 -------High = MAX(51.50, AVG(52.34, 53.61),54.15) = 54.15 --- After 45 minutes it went down to price: 50.70 So now trade Range (approx): 48.23 - 54.17 -------AVG(HLD) = AVG(3.09, AVG(3.34, 3.31, 3.34)) = 3.27 -------Low = MIN(50.90, AVG(49.00, 50.30, 49.00),48.23) = 49.43 -------High = MAX(51.50, AVG(52.34, 53.61, 52.34),54.17) = 52.76 TRADE RANGE CALCULATION TABLE (PRICE, LOW, HIGH, HLD): HLDX = 3.09 54.10[L: 50.83][H:55.52]HLD: 4.69][SEN: BL][RNK: 4][STR: 4][RES][Buying Interest] 53.60[L: 51.13][H:55.09]HLD: 3.96][SEN: BL][RNK: 4][STR: 3][SUP][Buying Interest] 53.45[L: 51.13][H:55.09]HLD: 3.96][SEN: BL][RNK: 5][STR: 1][RES][Buying Interest] 53.00[L: 51.13][H:55.09]HLD: 3.96][SEN: BL][RNK: 3][STR: 7][SUP][Buying Interest] 52.70[L: 51.13][H:55.09]HLD: 3.96][SEN: BL][RNK: 2][STR: 16][RES][Buying Interest] 52.10[L: 50.80][H:53.97]HLD: 3.17][SEN: N][RNK: 2][STR: 9][SUP][Short Covering] 52.00[L: 50.58][H:53.64]HLD: 3.06][SEN: N][RNK: 3][STR: 11][RES][Short Covering] 51.50[L: 50.30][H:53.61]HLD: 3.31][SEN: N][RNK: 1][STR: 11][SUP][Short Covering] 51.40[L: 49.70][H:52.68]HLD: 2.98][SEN: N][RNK: 1][STR: 18][RES][Short Covering] 50.90[L: 49.00][H:52.34]HLD: 3.34][SEN: N][RNK: 3][STR: 4][SUP][Short Covering] 50.70[L: 49.00][H:52.34]HLD: 3.34][SEN: N][RNK: 3][STR: 2][RES][No Buying Interest] 50.60[L: 48.58][H:52.28]HLD: 3.70][SEN: N][RNK: 2][STR: 7][SUP][No Buying Interest] 50.50[L: 48.58][H:52.28]HLD: 3.70][SEN: N][RNK: 2][STR: 2][RES][No Buying Interest] 48.50[L: 48.00][H:51.18]HLD: 3.18][SEN: BR][RNK: 1][STR: 29][SUP][No Buying Interest] 47.75[L: 47.50][H:50.90]HLD: 3.40][SEN: EX+BR][RNK: 1][STR: 11][RES][No Buying 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 : 49.64 than add 1 Otherwise add -1. 2] If IMRC High is more than 52.17 than add 1 Otherwise add -1. 3] If IMRC High is more than 55.68 than add 1 Otherwise add -1. 4] If IMRC LOW is more than 48.15 than add 1 Otherwise add -1. 5] If IMRC LOW is more than 50.34 than add 1 Otherwise add -1. 6] If IMRC LOW is more than 52.52 than add 1 Otherwise add -1. 7] If IMRC or DAY AVERAGE is more than 49.21 than add 1 Otherwise add -1. 8] If IMRC or DAY AVERAGE is more than 50.87 than add 1 Otherwise add -1. 9] If IMRC or DAY AVERAGE is more than 53.17 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: LITTLE UPWARD [3] DAILY HIGH: LITTLE UPWARD [2] DAILY LOW: NEUTRAL [-2] DAILY AVERAGE: NEUTRAL [-1] Last few days trend (approx): PRICE TREND: EXTREME UPWARD [8] DAILY HIGH: EXTREME UPWARD [8] DAILY LOW: NEUTRAL [-1] DAILY AVERAGE: LITTLE DOWNWARD [-3] ------------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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