An informative write-up to trade on Dow Jones. A helpful guideline for trading.

Spot Dow Jones Levels

  For 05.06.2009

 8760 above 8833-8915-8977-9013

(Strong Resistances – 8977, 9013)

8720 below 8638-8629-8527-8445-8411

(Strong Supports – 8629, 8411)

 No Trading Zone – 8760-8720

 Traders are advised to trade my levels as below:

  • Traders should not trade between 8760-8720
  • One can take long positions above 8760 with 8720 as stoploss and 8833 as First Target.
  • Above 8833, one can go long with 8760 stoploss and 8915 as Second Target.
  • One can extend the trades accordingly as instructed above.
  • Same rules apply for short selling trades also.
  • Short selling can be initiated below 8720 and traded accordingly as per the rules given above.
  • Important supports and resistances are given where there could be a possible bounce back or return.

 Daily posts will continue…

 [These levels are based on my own calculations and strategies which would be helpful for traders taking positions intraday, daily as well as weekly. These calculations are not infringed or copied from any third party.]