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MySAR is the price level which guides us for the trend of
the market for that particular scrip and for that particular
period. Price has the tendency to go up if it crossed
MySAR level with conviction and has tendency to go
down if it breaches MySAR level with conviction.
Hence once can take a buy call if price crosses MySAR
from below with conviction and remain in buy mode so
long as price remains above MySAR level. Similarly one
can take a sell call if price breaches MySAR from above
with conviction and remain in short mode so long as price
sustains below MySAR level.
MySAR simply guides us for the trend, but remains silent
for target and stop loss. Hence we have to take the help of
other tools such as daily weekly pivots, daily - weekly
high/low ema, high/low made today and in last two days
etc to decide the level of target and stop loss. The stop
loss should be put at such a level that it is not eaten away
by the market easily and then bounce again.
For trades of Nifty future, generally 20/25 points stop loss
is advisable, while for trades of BankNifty 60-70 points
stop is recommanded.
MySAR technique is more advantageous when at least 2
or more lots are traded so as to facilitate partial booking of
profit and riding the trend. Due to partial booking of profit,
one
EMA rules :
Price above Lowema......it is a Buy on dips....for
Highema ++
Price above Highema...Hold buys...Because upward
momentum has been picked up.