19 april intraday mcx commodity trading levels

Today’s commodity Market closing rates 18 april

 

intraday mcx commodity trading levels for 19 april 2017

Most Professional traders calculate support or resistance
levels by one of the most common methods is using pivot points.


When calculating pivot points, the pivot point is market
bias line. This means that the largest price movement is expected to occur at
pivot means breakout or breakdown will be trading opportunity. The other support
and resistance levels are less influential, but may still generate significant
price movements.


It is the best and easy trading tool for professional
traders and gives excellent result if combined with momentum indicators and
oscillators such as MACD, RSI and SMI.


 

How to use Pivot trading levels for practical trading ?

  • For positional traders, daily support or resistance will be best positional
    entry levels to trade along with trend. for example: nifty daily chart showing
    downtrend then one can use intraday R1 or R2 levels as fresh short entry point
    with stop loss and expect downside S2 and S4 as target zone.

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on
    chart and trade long if opens or trading above pivot level with price targets at
    R1 and R2. Or, sell short if opens or trading below pivot level with stop loss
    for targets of S1 and S2.

  • Using RSI, MACD and SMI along with pivot points will drastically improve
    your trading skills.

  • Main primary trend always influence underlying shorter trends. Means in
    downtrend you will see larger downside rallies than recovery and vice
    versa.
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The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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