Fraction Theory - Intraday

           For trading in Intraday its takes more than luck , try some useful technique , here is one techiq that can help u , practice this before entering ...

This formula comes in handy :

A=H+L+C
(where H= Previous day high, L=Previous day low, C=Previous day close, A= Sum. of H L &C)

X   =  A*0.67 (0.67 is a constant fraction and X=Result)
S   =  X- H     (S = Support for that day)
R   =  X- L     (R = Resistence for that day)
PB =  X- C    (P.B = Possible Buy)

   If P.B is found nearer to R sale it for intraday
This is called FRACTION THEORY and every one can get support resistence for nifty /sensex by this method.
try this theory and it is very effective .

*UNDERSTAND THIS AND TRADE , THIS TECHNIQUE IS TO BE USED UNDER TRADER RISK