Few short term picks, meant for fno trading

Only trade in fno
short term volatilty can be used to make money even without a trend.
Look to exit the position within 3 trades.
Trade half position like the market will go against you as soon as it moves in favour
and trade other half like the trend might continue in your favour

Stock Name: MTNL-I
Buyarea=153.832
S1:153.82 S2:154.19
R1:161.19 R2:165.75
Target1:156.109 Target2:158.385
Target3:161.117
SL1:152.011 SL2:149.279

Stock Name: ESCORTS-I
Buyarea=127.364
S1:127.35 S2:128.15
R1:135.40 R2:140.37
Target1:129.849 Target2:132.333
Target3:135.315
SL1:125.376 SL2:122.395

Stock Name: MAHSEAMLES-I
Buyarea=563.382
S1:563.33 S2:569.23
R1:590.24 R2:606.86
Target1:571.69 Target2:579.998
Target3:589.967
SL1:556.735 SL2:546.766

System: Trend follower
Stock Name: INDHOTEL-I
Buyarea=142.754
S1:142.74 S2:142.46
R1:149.87 R2:154.27
Target1:144.954 Target2:147.155
Target3:149.795
SL1:140.994 SL2:138.354

Example of how a short term trade can give a big profit if sl is not hit???
System: Trend follower
Stock Name: CENTURYTEX
Buyarea=576.818
S1:576.76 S2:584.05
R1:623.12 R2:651.73
Target1:591.125 Target2:605.433
Target3:622.602
SL1:565.372 SL2:548.203
sl1 was hit, 565. Thats the intraday trader's sl
so reentry would have been taken after a few days when it was proven that s1/s2 were holding.
for positional trader sl2 was never hit...
This trade setup was mentioned in mahen's conf.
Century sl 548 not hit cmp 650.....
entry 576? sl 548?
max drawdown=? 28 pts
total profit? 74 pts.
3x initial risk is usually a good place to take a full exit on these type of trade setups.
You want to stay invested??
Then take 1/10th of the profit made in futures and buy delivery.
Fno is not a place to do long term positional trading, the premium alone makes sure u lose 12% per year from trading the long side of stocks in fno.


Another old trade setup given in mahen's conf.
System: Trend follower
Stock Name: SRF
Buyarea=151.78
S1:151.76 S2:154.79
R1:165.26 R2:173.60
Target1:155.946 Target2:160.113
Target3:165.112
SL1:148.447 SL2:143.447
Srf... this was after telling people to not enter near res at 170..
The punter call on yahoo was buy 10-100-200 lots of srf near 168 and make millions.
My response was the only thing more likely than making millions in a day is losing millions.
Those who bought at 168?? Didn't have a stoploss?
10% dip=50% capital gone down the drain.
After hitting my support level srf not only rebounded but has hit all targets + res levels, the breakout traders will be getting excited one again and for good reason.
The real move in srf is yet to come. target looks like 216 zone. ITs only been doing a sideways corrective so far.