1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

NIFTY For Tomorrow

As expected market did not go below 5560 today. Also today the market was trading in the range of 30-40 points. The institutions have controlled the market becasue tomorrow the market might open GAP UP (due to Europe and US) and so they don't want the market to cross 5620. They want to keep the market in the range 5560 to 5620 for some days. So if my analysis is correct the market will open GAP UP tomorrow around 5620-5630 and it would be a good opportunity to GO SHORT @ 5625. Tomorrow hopefully we should get the full 50 points.

Looking at the movement in Europe and US markets, I would like to change my view on going short at 5625.

 

[deepanshah13]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Looking at the movement in Europe and US markets, I would like to change my view on going short at 5625.

That's cool but would you please tell what's your view now?

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

That's cool but would you please tell what's your view now?

My view is to go step by step and also book profits in 25 points and not to be too bullish or bearish at this point.... The Levels for NIFTY Futures are 5560 - 5585 - 5610 - 5635 - 5660. Here breaking 5660-5680 could turn Strong bullish. Breaking 5560-5540 could turn bearish.

 

[rahul1983]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

My view is to go step by step and also book profits in 25 points and not to be too bullish or bearish at this point.... The Levels for NIFTY Futures are 5560 - 5585 - 5610 - 5635 - 5660. Here breaking 5660-5680 could turn Strong bullish. Breaking 5560-5540 could turn bearish.

Hello Raj

how to trade nifty using nifty stock screener

please correct me if i am doing something wrong

i update the sheet after market close @ 5 pm in the evening

then i take values for nifty Buy above and Sell Below and i check FLOW and 3/15 signal , if both are saying SELL / BUY then next morning take the trade @ 9.20 AM

i leave the position open till 3.15 then square it off

is it the right way to trade using this tool

only problem is when to take profit and which SL are to be used ?


>>>another question is about MTP

to filter nifty MTP signals i refer nifty screener signal from eod

if it says sell , then i only take sell calls in MTP , same thing for BUY

is this the proper way to trade MTP, since it changes a lot during market hours, by referring nifty screener signal we can reduce the noise and trade only in the direction of daily trend

thanks a lot for putting so much effort in developing these tools, it helps a lot

 

[Relish]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

i update the sheet after market close @ 5 pm in the evening

You should update this after @ 6 pm. RAj mentioned this in previous thread. I hope rest will be answered soon.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Trading for Thursday and Friday
On Thursday Keep a Close watch on the Levels 5600 and 5630. If 5600 breaks then the 150-200 points to 5460-40 might start tomorrow itself. So 5600 and 5630 are crucial levels to watch. If the 5600 breaks tomorrow then the Down trend is most likely to continue for Friday also... So if market does not break 5630 (Upside) Take Short positions and continue the Short if 5600 also breaks... Looking at the current charts 5660-5680 seems to befar away and instead if 5635 itself is a crucial level since the level was broken on Last Friday.

Please remember 5630 is still not Tested. Today market only made a high of 5628 I think. For an Inverted W to be formed 5630-5640 need to be Tested twice... So more actions are pending.

Till 5630 is not tested two times Close your short posistions from 5630.... If one the second attempt of testing 5630 and it falls to 5600 then you put the seat belt for a Roller Coaster Ride... Do not miss this opportunity folks. You could double your money in two days if you trade carefully.

Today on the charts 5630 seems to be testing level. It could be 5660 also.

Now the most important thing for this Trade use only 30 minute charts

 

[rahul1983]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj please reply to my above query

 

[NANDAMAD]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Till 5630 is not tested two times Close your short posistions from 5630.... If one the second attempt of testing 5630 and it falls to 5600 then you put the seat belt for a Roller Coaster Ride... Do not miss this opportunity folks. You could double your money in two days if you trade carefully.


please give a little more elaborated explanation.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Till 5630 is not tested two times Close your short posistions from 5630.... If one the second attempt of testing 5630 and it falls to 5600 then you put the seat belt for a Roller Coaster Ride... Do not miss this opportunity folks. You could double your money in two days if you trade carefully.


please give a little more elaborated explanation.

Please find below the NIFTY Futures chart for Nov-12 Expiry. NIFTY is in FLAG formation after reaching 5800.

It has now come to a level where it can break the FLAG( Go below 5555) or continue the FLAG (UPWARD movement)

All I am saying at the current level two things could happen,
1. Continue the uptrend
2. Break the FLAG and Go below 5555

Looking at the market behaviour my opinion is that the second thing will happen.

So my prediction is based on the simple Reversal pattern.

I am not able to post the 30 min chart, because it will not fit in a single page. So look at the charts for Sep-15 to Sep - 29. You can see the pattern reversal of what is happening.

But all said, UP Trend is also possible. But I am suggesting second will happen because there is no fun going UP now....

The HIGHEST Value of NIFTY is around 6300. So it makes more sense to go from 5300 to 6300. The FIIs always make 1000 points in a Trend. There is no fun going from 5555 tp 6300 - 800 points. Also one more important thing is the Instituitions book their profits by December. So it makes sense to close their positions and start fresh from 5300...

Anyways let us not condition our mind - The mistake I did today and so I had to face the consqequence. All I am saying is that let us be prepared for both....

And if the second thing is to occur and if it follows the reversal pattern, then you have a greater opportunity which should not be missed.

On the other hand if it needs to Go up then after 5660 it would once again a Slow grinding machine.

Please spend some time in the 30 minute charts to understand the pattern the NIFTY Futures is forming from Sep-12 onwards...

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hello Raj

how to trade nifty using nifty stock screener

please correct me if i am doing something wrong

i update the sheet after market close @ 5 pm in the evening

then i take values for nifty Buy above and Sell Below and i check FLOW and 3/15 signal , if both are saying SELL / BUY then next morning take the trade @ 9.20 AM

i leave the position open till 3.15 then square it off

is it the right way to trade using this tool

only problem is when to take profit and which SL are to be used ?


>>>another question is about MTP

to filter nifty MTP signals i refer nifty screener signal from eod

if it says sell , then i only take sell calls in MTP , same thing for BUY

is this the proper way to trade MTP, since it changes a lot during market hours, by referring nifty screener signal we can reduce the noise and trade only in the direction of daily trend

thanks a lot for putting so much effort in developing these tools, it helps a lot

First of all Run the Screener after 6 pm because before 6 pm GoogleFinance provides previous day data only.

As I have said before I do not use the EMA 315. I have just provided the options because Timepass had asked for it. There is a separate thread for the315 technique.

For FLOW you can anyway use the MTP. You can also use the NR7 to make filter your selection.