Good Morning.

Wish you all happy Vijayadashmi.

In stock market, especially in intraday trades, one cannot be 100% perfect. One may try various parameters but my method of support and resistance gives me good results. Of course it too is not 100% perfect, but what matters most is good result out of 10.

I prefer a stock which have broken its resistance very convincingly but not closed near its next resistance.

For example UFLEX has broken its resistance but closed near next resistance. It may break it.

ALLCARGO has broken its resistance but not convincingly, it too may go up. I will not prefer to trade in them.

In intraday I like to buy a stock in at least 3 stages and quite often I get chance to do that. Here how much quantity one buy at each stage is important for many times it gives one chance to exit position with wafer-thin margin, which is better than loss.

On 23.10.2015, I will trade in CASTROLIND, KPRMILL, MPHASIS [I have MPHASIS with, I will try to book profit], TALWALKARS, TORNTPHARM and WABAG

Regards.