Fraction Theory is basically used to calculate intraday levels of equity stocks.
Following formula is used to calculate intraday levels:
Pivot = Previous Day High + Previous Day Low + Previous Day Close
X = Pivot * 0.67 ( 0.67 is constant used for fraction theory)
Support = X – Previous Day High
Possible Buy = X – Previous Day Close
Resistance = X – Previous Day Low
Now when to buy/sell a particular script?
Buy only when share price is above or equal to Possible Buy and sell a particular share when you find share above Resistance level.
We have built a sheets that will automatically update real-time stock prices and give buy sell price accordingly. Cell box will automatically turn green when it crosses Possible Buy area and cell will turn into red once price reaches Resistance level.
Please use below given link to get Intraday levels.
Nifty 50 Intraday Levels : Fraction Theory Nifty 50 – Intraday Level Nifty Midcap 50 Intraday Levels : Fraction Theory Nifty Midcap 50 – Intraday Level
Nifty Next 50 Intraday Levels :
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Hope you find this Theory useful.