TIPS FOR THE DAY (23.05.11)

SYMBOL	ACTION	RATE	TGT.1	TGT.2	STOP LOSS	REMARKS
LICHSGFIN	Buy	214.60	218.40	222.70	214.05
CHAMBLFERT	Buy	77.30	78.20	79.30	77.15
SKUMARSYNF	Buy	58.55	60.90	63.40	58.40
Note: Don’t wait for Targets. Book partial profits (if profit > 1%) and strictly maintain stop loss.

ADX INDICATOR ( If you follow this Indicator, you will always be in a.

ADX INDICATOR ( If you follow this Indicator, you will always be in a profitable side)

ADX is a trend following system, it consists of three lines;  (i) ADX (blue line), (ii) Up Direction Indicator (green line) (iii) Down Direction Indicator ( red line).

How to Use: 

Please refer to the above NIFTY Chart: The standard interpretation for using the ADX  is to establish a long position whenever the +DI (green line) crosses above the -DI (red line) and for Short Position whenever the -DI (red line) crosses above the +DI (green line).