Formula for Day Trading

Choose a share for intraday and apply this formula:
 

H + L + C = A (where H = Previous Day High, L = Previous Day Low, C = Previous Day Close, A = Sum of H, L & C)
 

A*0.67 = Z (0.67 is a constant fraction and Z = Result)
 

Z- H = S (S = Support for that day)
 

Z- L = R (R = Resistance for that day)
 

Z- C = P.B. (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 resistance for nifty / Sensex by this method.

Try this theory and it is very effective.