BSE-SENSEX-A TECHNICAL UPDATE-18-1-2016

BSE-SENSEX

Closed at 24455.04 on 15-1-2016

SUPPORT: -24530/24387.69/24163.62/24156.47/24020/22912.52/22286.26/22197.51/21573.48.

RESISTANCE: - 24833.54/24867.73/24878.66/24892/25018.46/25232.82/25287.33/25298.42/25453.32.

 (Figures in bold are important)

 After two days of see saw movement it gave breakdown today. It closed near the low of the week with a loss of more than 300 points, furthermore it is below its entire short and long term moving averages, it is well below its one of the most important level of 24833.54 valid for the entire year of 2016 for the 2^nd consecutive day and most importantly today it has broken its yearly rising trend line drawn from the bottom of 8047.17 of 2009 which is at 24530 for the year 2016 is a very bad sign and indicates gross weakness in it. Technically it is already on a weak footing and if it maintains below 24530 then the on –going fall may continue for few days before it takes a breather and moving down it will find potential support from it threshold point for entering it into bear market which is at 24020 and sustained break below this could trigger bigger fall which may please be noted. Please note that it will show some respite if it maintains above 24530 and show some strength if it moves and sustain above 24833.54.It is needless to mention here that the long term trend is down. Therefore long call should be avoided now and can only be tried at the lower levels if visible sign of some kind of bottom formation emerges or else try if it moves and sustain above 24833.50.

Remark:-The long term trend is down. It was a breakdown today and break below yearly trend line is highly concerning and the overall technical setup is extremely weak, therefore long call should be avoided till it exhibits visible strength.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE- SENSEX---Technical View---23-2-2015

.BSE- Sensex closed at 29231.41 on 20-2-2015

SUPPORT: - 29182.95 / 19143.63 / 19083.40 / 28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29278 / 29522.86 / 29844.15 / 30345.

 (Figures in bold are important)

Sensex moved in a 439 point range during the week ended on 20-2-2015, it witnessed huge volatility and finally closed the week at 29231.41. Technically it is looking ok now and the range for the coming week starting from 23-2-2015 is between 29050--- 29550 and break on either side will decide direction of the coming week. It is suggested to try long call only if it moves above 29350 on 23-2-2015 and maintains otherwise not, instead Short call can be tried below 29140 with a stop loss of above 29190.,I would advice not to initiate fresh long trade till Union Budget ,in fact reduce your long trade exposure to a reasonable extent  so that you combat the expected volatility of either side after the budget in a better way. However  the present volatility provides both long and short call opportunity so aggressive intra-day trader can try both calls depending on the price movement.

 Going up it will face resistance at 29350 & 29550 level and moving down it will have support at 29050 / 28822.37 & 28731.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. It is suggested to avoid fresh long trade till budget but aggressive trader can try both long and short call as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-SENSEX---Technical View For----18-2-2015

BSE- Sensex closed at 29135.88 on 16-2-2015

SUPPORT: - 28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29144 / 29160 / 29183 / 29278 / 29420 / 29844.15 / 30315.

 (Figures in bold are important)

Sensex opened with a small up gap at 29170.77 and made a low of 29083 and in this process it has filled the gap also which is good and then it made a high of 29325.35, crossing the multiple top range of 29278 and  retracing more than 70% of the recent fall and finally closed at 29135.88 Technically it is looking good but  the noticeable thing today was that, it crossed the multiple top range of 29278 and retraced more than 70% of the recent fall  but could not sustain at higher level and closed not very far away from the low of the day  which is creating a question mark that this on-going up rally may either take a breather or get exhausted here until and unless  it moves above 29420 mark and stays, therefore I would suggest to book at least part profit here and on the rise too in existing long trade  and take fresh long call only if it moves above 29420 and stays because then it can possibly surpass its previous high of 29844.16 in coming days. Please note that it has critical support at 28822.37 so fresh long call should be avoided below this for sure and the authentic stop loss for positional long call is also below this mark.  It is advisable to exit long trade if it consistently starts trading below 28920 on 18-2-2015.

Going up it will face resistance at 29183 / 29280 & 29420 level and moving down it will have support at 28822.37 & 28731.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. It is suggested to book part profit on existing long trade here and on the rise too and take fresh long call if it moves above 29420 and stays.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-SENSEX--Technical View---16-2-2015

BSE- Sensex closed at 29094.93 on 13-2-2015

SUPPORT: - 28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29144 / 29160 / 29183 / 29278 / 29420 / 29844.15 / 30315.

Range for the week ended 13-2-2015:-28044.49---29154.67

 (Figures in bold are important)

Sensex had a good run during the week under review and closed the weekend with good gain at 29094.93 .It is showing strength on the technical chart but it will gather real momentum if it moves above 29278 and stays, however fresh long call can be initiated above 29154.67 with a stop loss of below 29080 . I would like to mention here that it can face resistance at 29278(which is a short of multiple top range) and then at 29420 which is 76.40% retracement point of the total fall from the top of 29844.16 and bottom of 28044.49 however if it cross this mark of 29420 and stays then it can possibly surpass the previous high of 29844.16 in coming days, chances of which are looking o.k as of now. Please note that it has critical support at 28822.37 so fresh long call should be avoided below this for sure and the authentic stop loss for positional long call is also below this mark .

Going up it will face resistance at 29183 / 29280 & 29420 level and moving down it will have support at 28822.37 & 28731.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. The pull back rally is on therefore long call can be tried as suggested above.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex--Technical View---13-2-2015

BSE- Sensex closed at 28805.10 on 12-2-2015

SUPPORT: - 28731 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28822.37 / 29157 / 29183 / 29278 / 29420 / 29844.15.

(Figures in bold are important)

Sensex opened with a up  gap at 28650.25 and made a low of 28406.25 and while making low it filled the gap also and then it moved in a range for quite some-time and thereafter shot up and made a high of 28838.52 before closing the day at 28805.10. It had a positive day today but it still closed just below its critical point of 28822.37 whereas Nifty & CNX Bank Index have closed way above  their critical level today,  seeing today’s move it is expected that hopefully sensex will also follow them too. It is therefore suggested to try long call only if it moves above 28822.37 and stays with a stop loss of below 28625. Please note that it will gather real up momentum if it moves above 29280 and stays.

Going up it will face resistance at  28822.37 / 29183 & 29280 level and moving down it will have support at 28731 / 28406 / 28044 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Pull back rally is on but long call should only be tried above 28822.37.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex--Technical View--11-2-2015

BSE- Sensex closed at 28355.62 on 10-2-2015

SUPPORT: - 28064.49 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28566.50 / 28647.14 / 28718 / 28822.37 / 29144 / 29183 / 29278 / 29844.15.

 (Figures in bold are important)

Sensex opened gap down at 28122.48 and made a low of 28044.49 and thereafter shot up and made a high of 28633.72 but could not sustain at the higher level and slipped down and came near the low of the day again and finally closed the day on a positive note after 7 days of fall which was expected and in this process it has also filled the gap it created today as well as the gap it left yesterday. It exhibited extreme volatility today and this is expected to continue till the Union Budget. However today’s up move was just a pull back and this may last for 2-3 days at the maximum or may end tomorrow also . Therefore it is suggested to try long call only if it moves above 28822.37 and maintains and note that it will regain momentum only above 29240 as of now. Short call can be tried on the rise but below 28570 with a stop loss of above 18650 or below 28220 with a stop loss of above 28270 for a target of 27940 & 27800. Please note that below 28822 the next critical support for sensex is at 27940 / 27485---27400. The bias is on the down side as of now.

Going up it will face resistance at 28566.50 / 28647.14 / 28718 /  28822.37 / 29183 & 29280 level and moving down it will have support at 28064 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. The aggressive trader can try both long and short call  as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE Sensex--Technical View---10-2-2015

BSE- Sensex closed at 28227.39 on 9-2-2015

SUPPORT: - 28064.49 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28566.50 / 28647.14 / 28718 / 28822.37 / 29144 / 29183 / 29278 / 29844.15.

 (Figures in bold are important)

Sensex  opened with a gap down at 28566.50 and the open was the  high also for the day and then it steadily went down and made a low of 28183.32 before closing the day  at 28227.39, the gap it created today is still there. It is exhibiting weakness on the chart but since today was the 7^th straight day of fall it may stage a pull- back anytime but will it sustain or not cannot be said at this point of time, therefore it is suggested that do not try to take advantage of the expected pull back rally and try long call only if it moves above 28822.37 and maintains and note that it will regain momentum only above 29230 as of now. The possible levels from where it can bounce back and give a relief rally are at 27948 / 27485 / 27203 / 27091. Therefore as of now I would suggest to try short call on the rise but below 28570 with a stop loss of above 28650 or below 28180 with a stop loss of above 28240 for a target of 27940 & 27800 on 10-2-2015.

Going up it will face resistance at 28566.50 / 28647.14 / 28718 /  28822.37 / 29183 & 29280 level and moving down it will have support at 28064 / 27940 / 27751 / 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion. Short call can be tried as suggested above .

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE Sensex--Technical View---9-2-2015

BSE- Sensex  closed at 28717.91 on 6-2-2015

SUPPORT: - 28672 / 28555 / 2310 / 28064.49 / 27851 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28822.37 / 29144 / 29183 / 29278 / 29844.15.

 (Figures in bold are important)

Sensex  opened on a positive note at 28892.21 and made a high of 28922.85 and then went down  and made a low of 28647.14 before closing the weekend at 28717.91. It is exhibiting weakness on the technical chart as it is below some of its short term moving averages and one long term parameter too, furthermore it has broken its critical support level of 28822.37 and if it stays below this mark then it may go in for much deeper correction ,therefore long call is completely ruled out  below 28822.37 till it bounces back above it and stays or try it above 29280,I would advise to try long call only if it maintains above 29280. Please note that since today was the 6^th straight day of fall, it may stage a pull- back rally now if it manage to holds the level of 28647 otherwise it may take few more days but I would suggest do not try to take advantage of the pull back rally and try long call only if it moves above 28822.37 or 29280 and stays. The aggressive intra –day trader can try long call near 28647 with a stop loss of below 28600 similarly short call also be tried below 28647 with a stop loss of above 28720.

Going up it will face resistance at 28822.37 / 29183 & 29280 level and moving down it will have support at 28647 / 28555 / 28310 & 28064.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since it is correcting now therefore it suggested to avoid long call till it gives visible indication of correction completion.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View--2-2-2015

BSE- Sensex  closed at 29182.95 on 30-1-2015

SUPPORT: - 28822.37 / 29120 / 29047 / 28672 / 28555 / 28310 / 28156 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 /  27203.25 / 27091.38 /  26776 / 26469.42.

RESISTANCE: - 29844 / 30150 / 30271.

 (Figures in bold are important)

Sensex opened with a up gap at 29801.60 and made a new all time high of 29844.16 but could not sustain at higher level and moved in a negative territory in no time and then steadily moved down during the day and made a low of 29070.48 before closing the week at 29182.95. It was a devastating day today and as expected the desired correction has set in and that too around the anticipated range (see my post dt-27-1-2015) and sensex tanked  by more than 770 from days high during the day  and finally closed  498.82 points lower on 30-1-2015.This correction may last for few days and these are the possible points from where it can bounce back 28822 / 28670-555 / 28310-28150 / 27940-750 / 27500-250 and resumes the up move again.

It is important to mention here that 28822 & 27480--500 these are the two benchmark points for the sensex for the entire year of 2015,therefore be alert in long trade below 28822 and avoid long trade below 27480 for sure till it bounce back above 27500 and sustain.

Technically it has tested the short term moving averages today and broken few of them too and it is also near certain long term parameters the range for which is between 29130-28840(it changes every day) for 2-2-2015, therefore it is suggested to avoid long call below 29130 and below 28844 for sure instead try short call below 29070 with a stop loss of above 29150 for a target of 28850 & 28700. Overall it is advised to avoid long call for at least 2-3 days. However those who want to take long call should only try it above 29280 with a stop loss of below 29220.

Going up it will face resistance at 29845 level and moving down it will have support at 28822 / 28700 & 28550.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. Since today’s move clearly indicated that correction has set in therefore long trade is ruled out for now till it gives ample indication of correction completion.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View---27-1-2015

BSE- Sensex  closed at 29278.84on 23-1-2015

SUPPORT: - 29165 / 28822.37 / 28541 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42.

RESISTANCE: - 29630 / 29817 / 30150 / 30271.

 (Figures in bold are important)

Sensex opened with a huge gap up at 29189.45 and tried to fill the gap and made a low of 29165.56 but the gap still exist and thereafter it moved up and made a new all time  high of 29408.73 and closed the weekend at 29278.84.Today was the 7^th straight day of rise and with each passing up day its vulnerability for correction is increasing, therefore I once again caution trader  to be highly alert in long trade and handle it with extreme vigil and promptness because it may encounter severe profit booking anytime. It seems that this on- going up rally may get exhausted and take a  breather in the range of 29630—29820 and since we are not far away from striking this range ,I would therefore advice to book profit on existing long trades on every rise and avoid fresh long trade for at least 2-3 days.

The benchmark point for sensex is 28822 for the whole year of 2015, so the alert point for long positional trader is below 28822 and exit point is below 28720.

The aggressive trader can still go long above 29280 with a stop loss of below 29150 for 27-1-2015 but avoid fresh long trade if it consistently starts trading below 29150 because then correction may set in. I once again repeat to avoid fresh long trade for at least 2-3 days, because of the over optimism and exuberance prevailing in the market for the last couple of trading sessions which is a distinct indication of a top for now is  nearby.

Going up it will face resistance at 29630 / 29820  & 30150 level and moving down it will have support at 28822 / 28541 & 28294.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. It is still buy on dip market but I would suggest to avoid fresh long trade here instead it is suggested to book profit on existing long trades on every rise because we are not far away from the expected exhaustion range.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View---23-1-2015

BSE- Sensex  closed at 29006.02on 22-1-2015

SUPPORT: - 28822.37 / 28541 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42.

RESISTANCE: - 29630 / 30150 / 30271.

 (Figures in bold are important)

Sensex opened on a positive note at 28957.79 and made a low of 28892.23 and thereafter made a new all time high of 29060.41 before closing the day at 29006.02. It is on an unabated rising spree therefore its vulnerability for correction is also very high at this point of time. So the long trade should be handled with extreme vigil and caution and positional trader should get alerted in existing long trade and avoid fresh long position below 28810 and exit long trade below 28700. Please note that since it on a vertical rise it may encounter profit booking anytime and it may go in for moderate correction if it breaks 28900(it changes every day) level and stays. So for the day trader it is suggested to avoid fresh long call if it consistently starts trading below 28900(it changes every day) and the stop loss for long trade would be below 28860(it changes every day) for 23-1- 2015 . Technically it is looking good but in overall perspective, I would advice to book at least part profit on existing long trades here.

Going up it will face resistance at 29630 & 30150 level and moving down it will have support at 28822 / 28541 & 28294.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution at appropriate level and with proper stop losses. It is also suggested to book at least part profit on existing long trades.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View ----22-1-2015

BSE- Sensex  closed at 28888.86on 21-1-2015

SUPPORT: - 28822.37 / 28541 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42.

RESISTANCE: - 30150 / 30271.

 (Figures in bold are important)

Sensex opened with a small up gap at 28843.09 but filled the gap immediately and made a low of 28792.57 and thereafter made a new all time high of 28958.10 before closing the day at 28888.86.Technically it is showing good strength so buy on dip strategy still to continue, but since it is vertically moving up therefore its vulnerability for correction is also increasing and very high at this point of time. So the long trade should be handled with extreme vigil and caution therefore avoid fresh long trade  and  get alerted below 28810 in existing long trade and exit trade below 28700. Please note that since it had a vertical rise it may encounter profit booking anytime ,furthermore it may go in for moderate correction if it breaks 28700( it changes every day)level.

Going up it will face resistance at 28861/ 28940 & 30150 level and moving down it will have support at 28541 & 28294.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.