Four Shares for trading with Resistance and Support
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On this page

• NSE and Nifty shares with Resistance and Support for trading
• What is Resistance and Support?
• How to trade on Resistance and Support?
• How much profit is good in day trading?
• How to choose shares in day trading to increase profits?
What is the meaning of support and resistance in trading
Resistance and Support are considered very crucial for trading because breaking either of these levels share prices are expected to move either in upper or lower direction.

Resistance is just the price level and after breaking this level share price is expected to move in upper direction.

So traders wait for resistance level to break because they have already placed the buy order just a little bit above resistance level and after executing their buy order they immediately place sell order.

Support is also just the price level and after breaking this level share price is expected to move in lower direction.

In this case as well traders wait for support level to break because they have already placed the short sell order just a little bit below support level and after executing their short sell order they immediately place the buy order.
In day trading you should know your brokerage rates and taxes so
that it will be easier to book profits.
The thumb rule to book profits in day trading is as follows
• If the share price is below Rs 100, trader can take 0.5 paise as
profit per share.
• If the share price is between Rs 100 to 200, trader can take profit
of 0.8 paisa to Rs 1.0 per share.
• If the share price is between Rs 200 to 300, trader can take profit
of Rs 1.0 to Rs 1.5 per share.
• If the share price is between Rs 300 to 400, trader can take profit
of Rs 1.5 to Rs 2.0 per share.
• If the share price is between Rs 400 to 500, trader can take profit
of Rs 2.0 to Rs 2.5 per share.
• If the share price is between Rs 500 to 600, trader can take profit
of Rs 2.5 to Rs 3.0 per share.
• If the share price is between Rs 600 to 700, trader can take profit
of Rs 3.0 to Rs 3.5 per share.
• If the share price is between Rs 700 to 800, trader can take profit
of Rs 3.5 to Rs 4.0 per share.
so on it continues….
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How to trade with support and resistance?
1) If stock opens between R3 and S3

To Buy -
Wait for the price to go below S3 and then when it moves back above S3 then Buy.
Stoploss - Place Slightly below S4 level.
Target - See below this article to know how to set the target and book profit.

To Short Sell -
Wait for the price to go above R3 and then when the price moves down below R3 then Short Sell.
Stoploss  - Place Slightly above R4.
Target - See below this article to know how to set the target and book profit.

2) If stock opens between R3 and R4

To Buy
When price moves above R4 then Buy.
Stoploss  - Place Slightly below R3.
Target - See below this article to know how to set the target and book profit.

To Short Sell
When the price goes below R3 then Sell.
Stopless  - Place Slightly above R4.
Target - See below this article - to know how to set the target and book profit.

3) If stock opens between S3 and S4

To Buy
When price moves above S3 then Buy.
Stoploss - Place slightly below S4.
Target - See below this article - to know how to set the target and book profit.

To Short Sell
When the price goes below S4 then Sell.
Stoploss - Place slightly above S3.
Target - See below this article - to know how to set the target and book profit.

4) Open price is outside the R4 and S4

Wait for the prices to come in range and trade accordingly as mentioned in above scenarios.
How much profit is good in day trading?
Most day traders or intraday traders makes big mistake here. They wait for big profits and market or share price reverses and they end up in huge losses. In day trading market are highly influenced by lots of domestic and international news and these are beyond anybody’s control. So the thumb rule to get profits in day trading is to book profits whenever you see it immediately.

In day trading you only have 6:15 hours (market opens at 9:15 AM and closes at 3:30 PM) so you need to be very punctual and look to book profits in just few minutes to few hours. It’s not part time activity unless and until you are very highly experienced and knowledge spend years and years in the share market.

So now the question is how much profit is good in day trading and how to book it?
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