Best Nifty Strategy-Must Read
- Thread starter Rajvir
- Start date
Friends I was planning to do an exercise to further reinforce our Gann Trading skills.
If all of us could together contribute by listing the range bound days possible in the past 3-5 years, then I could analyse them tick by tick and give u a feedback of this strategy performs in such range bound days as well.
Regards
Archit
If all of us could together contribute by listing the range bound days possible in the past 3-5 years, then I could analyse them tick by tick and give u a feedback of this strategy performs in such range bound days as well.
Regards
Archit
Hi Archit,
I was thinking along similar lines for a long time. But lets first decide upto what range shall we consider as a range bound. Have you any figure in mind . Like if Nifty was fluctuating within a range of 40 pts all through the day, we call it a range bound day. Or any such figure.
Another thing which needs to be checked is that, when VWAP has been on the border at 9:29 am , by border I mean end of the range, for example today's range is 5023 to 5041. If VWAP is 5023 , Values will be 5023 and 5006, Whereas If VWAP is 5024 , Values will be 5041 and 5023. Now we need to analyse , What happened on such days, When the VWAP was on the border. Was it a trending day ? Or was it a range bound one.
Regards
I was thinking along similar lines for a long time. But lets first decide upto what range shall we consider as a range bound. Have you any figure in mind . Like if Nifty was fluctuating within a range of 40 pts all through the day, we call it a range bound day. Or any such figure.
Another thing which needs to be checked is that, when VWAP has been on the border at 9:29 am , by border I mean end of the range, for example today's range is 5023 to 5041. If VWAP is 5023 , Values will be 5023 and 5006, Whereas If VWAP is 5024 , Values will be 5041 and 5023. Now we need to analyse , What happened on such days, When the VWAP was on the border. Was it a trending day ? Or was it a range bound one.
Regards
Last edited:
MSA thanks for thinking on similar lines with me
Well I was thinking of looking at the difference between Open and Close to be less than 50 points just to b even more safer( though I feel 40 points is apt). Another to b taken into consideration is by looking at the candle. In some days the move is 1 sided and the range is around 40 points. Such a scenario is favourable for us. the real issue comes when v take a position and all of a sudden things change. A perfect example of this could b a Doji candlestick. Apart from all this I was thinking at looking at the EoD charts of nity and analysing the range bound tenure of nifty. Any further suggestions are always welcome for having a fruitful and structured analysis.
Well I was thinking of looking at the difference between Open and Close to be less than 50 points just to b even more safer( though I feel 40 points is apt). Another to b taken into consideration is by looking at the candle. In some days the move is 1 sided and the range is around 40 points. Such a scenario is favourable for us. the real issue comes when v take a position and all of a sudden things change. A perfect example of this could b a Doji candlestick. Apart from all this I was thinking at looking at the EoD charts of nity and analysing the range bound tenure of nifty. Any further suggestions are always welcome for having a fruitful and structured analysis.
Similar threads
-
What is the best way to predict nifty / banknifty on expiry day?
- Started by curiousv
- Replies: 1
-
-
-
Daily Nifty Levels ( Best if it can be auto traded ) any suggestions ?
- Started by tradingforbusyguys
- Replies: 0
-
BEST PARAMETER SETTINGS for SUPERTREND indicator for Nifty and banknifty for intraday
- Started by leoguy7
- Replies: 2