Monthly Levels File
Monthly Levels File for the current month will be available here.
How to use Monthly Levels File?
- Select 5 to 10 stocks from the list of 210 stocks available in the FNO stock list.
- Track the EOD price of those stocks by comparing it with the levels provided in the Monthly Levels File.
- Take Long position in the stock if the stock closes above +1 level mentioned in the file.
- Targets for this long position is +2 & +3, whereas SL can be set at 0 or -1 based on your risk taking ability.
- Take Short position in the stock if the stock closes below -1 level mentioned in the file.
- Targets for this long position is -2 & -3, whereas SL can be set at 0 or +1 based on your risk taking ability.
- +4 & +5 will be your immediate resistance (or trend reversal points) on the long side, where as -4 & -5 will be your immediate support (or trend reversal points) on the short side.
- Levels 6,7 & 8 acts just like levels 1,2 & 3.
To understand this strategy better and for detailed examples, watch the below video:
Note: Remember, the file below has Stock Future price, if you are taking position in cash, you need to do the price adjustment manually or join our Positional Alerts Telegram Channel.
Positional Alerts Telegram Channel: https://t.me/PositionalAlerts
