S&P CNX Nifty Junior Stocks Trading Levels – 22-08-2014
The ST (Short Term) and MT (Medium Term) Reversal level in the above chart/sheet – S&P CNX Nifty Junior Stocks Trading Levels, is computed on the basis of a simple moving average and then fine tuned with the addition of current days average move to lessen the whipsaws in the levels. It can give returns if traded mechanically over a period of time but request to do some paper trading as its just for education/information purpose only and not a recommendation to trade. For paper trading purpose one may note to enter into a buy or sell trade in any of the above scrip for short term when it gives an hourly close above or below the ST (Short Term) REVERSAL level & enter into a buy or sell trade in any of the above scrip for few days when it gives an a daily close above or below the MT (Medium Term) REVERSAL level and reverse the trade again when the criteria is met. The pivot, support and resistance levels in the above chart/sheet are simple pivot, support and resistance levels.