It sounds very easy to say that all you have to do is to watch the tape, establish your resistance points and be ready to trade along the line of least resistance as soon as you have determined it.  But in actual practice a man has to guard against many things, and most of all against himself – that is, against human nature. Jesse Livermore:

Nifty Future:

Resistance around 5483 and crossing 5497, it will move to 5560 – 5595

Support around 5446 and breaking 5439, it will fall to 5412 – 5355

Stock Future:

Short Canbank around 540 with Stop at 545. TGT 528 – 518

Buy HDFC around 658 with Stop at 652. TGT 669 – 685

Short Infosys around 2797 with Stop at 2817. TGT 2772 – 2737

Buy JSW Steel above 965 with Stop at 954. TGT 982 – 1000

Happy Trading

C T Ramesh Raja