Day Trading Stocks & Futures

toocool

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Dear All



I had already posted a chart of Nifty 7600 CE of Intraday in this thread earlier

On a trending day,the ITM options give excellent trades.,without us having to worry about volatility,IV,greeks,etc.




Amitrandive

Can you provide these pivots afl it looks like what i need with change in inside formula only :)
 

XRAY27

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Can u pls give me the code for
the band posted in post # 20774 .
I tried to go through Pratap Sir's thread,
it will need a detailed study, which I am
going to do over the weekend. Meanwhile
if u can provide the code it will be helpful.

Below is the afl of pratap sir...

PLEASE GO THROUGH HIS THREAD FOR THE FULL USE OF HIS METHOD

_SECTION_BEGIN("SRSARTFtj3min");
usetf = ParamToggle("Use TF", "No|Yes", 1) ;

// Author: Pratap Balakrishnan
// Copyright: All rights reserved. Not to be circulated or shared or posted on websites without the author's written permission.
// email id: [email protected]
//
/*
This creates a band of period-moving average for the given TF
(TF should be equal to or higher than current chart TF).

*/
alloff = ParamToggle("All off", "No|Yes", 0) ;

// Rh = ParamField("High", 1) ;
// Rl = ParamField("Low", 2) ;

tf = Param("TF", 3, 1, 100000, 1);
Periods = Param("Periods", 13, 2, 1000, 1 );
showzone = ParamToggle("Show Zone", "No|Yes", 1) ;
Layer = Param("Layer", -2, -5, 5, 1) ;
shift = Param("Shift", 0, -100, 100, 1) ;
showtitle = ParamToggle("Show Title", "No|Yes", 0) ;
showlabel = ParamToggle("Show Label", "No|Yes", 1) ;
isema = ParamToggle("MA Type", "MA|EMA", 1) ;
MAstyle = ParamStyle("MA Style", styleThick|styleDashed) ;
MAwidthper = Param("MA Width %", 0, 0, 10, 1) ;
MAwidth = SelectedValue(C) * MAwidthper /100 ;
Clrup = ParamColor( "Color Up", colorPaleGreen);
Clrdown = ParamColor( "Color Down", colorPaleGreen);
Clrsw = ParamColor( "Color SW", colorPaleGreen);
isexpandLast = ParamToggle("Expand Mode", "First|Last", 0);

styledisp = 0 ;
if (NOT showtitle)
styledisp |= styleNoTitle ;

if (NOT showlabel)
styledisp |= styleNoLabel ;

expandmode = expandFirst ;
if (isexpandLast)
expandmode = expandLast ;

if (NOT alloff)
{
Oldintrvl = Interval() ;

if (usetf)
{
tfs = tf *in1Minute ;
TimeFrameSet(tfs) ;
}
else
tfs = Interval() ;

if (isema)
MAhtf = EMA(H, Periods) ;
else
MAhtf = MA(H, Periods) ;

if (isema)
MAltf = EMA(L, Periods) ;
else
MAltf = MA(L, Periods) ;

str = NumToStr(tf, 1.0)+"Min"+"-P"+NumToStr(Periods, 1.0) ;
Clr = IIf(MAltf > Ref(MAltf, -1 ), ClrUp,
IIf(MAhtf < Ref(MAhtf, -1 ), ClrDown,
Clrsw)) ;

if (usetf)
TimeFrameRestore() ; //TimeFrameSet(Oldintrvl) ;

if (usetf)
MAhtfe = TimeFrameExpand(MAhtf, tfs, expandmode ) ;
else
MAhtfe = MAhtf ;

if (usetf)
MAltfe = TimeFrameExpand(MAltf, tfs, expandmode ) ;
else
MAltfe = MAltf ;

if (usetf)
Clre = TimeFrameExpand(Clr, tfs, expandmode ) ;
else
Clre = Clr ;

RefMAhtfe = MAhtfe ;
RefMAltfe = MAltfe ;
RefClre = Clre ;

Plot( RefMAhtfe, str+" High", RefClre, MAstyle|styledisp|styleNoRescale, 0, 0, shift, 1 );
Plot( RefMAltfe, str+" Low", RefClre, MAstyle|styledisp|styleNoRescale, 0, 0, shift, 1 );
if (showzone)
PlotOHLC(RefMAhtfe, RefMAhtfe, RefMAltfe, RefMAltfe, "", RefClre, styleCloud|styleNoLabel|styledisp|styleNoRescale,Null, Null, shift, Layer) ;
if (MAwidth > 0)
{
PlotOHLC(RefMAhtfe+MAwidth, RefMAhtfe+MAwidth, RefMAhtfe-MAwidth, RefMAhtfe-MAwidth, "", RefClre, styleCloud|styleNoLabel|styledisp|styleNoRescale,Null, Null, shift) ;
PlotOHLC(RefMAltfe+MAwidth, RefMAltfe+MAwidth, RefMAltfe-MAwidth, RefMAltfe-MAwidth, "", RefClre, styleCloud|styleNoLabel|styledisp|styleNoRescale,Null, Null, shift) ;
}
showext = ParamToggle("Show Extension", "No|Yes", 1) ;
showextband = ParamToggle("Show Extension Band", "No|Yes", 1) ;
extend = Param("Extend", 20, 0, 100, 1) ;
showparam = ParamToggle("Show Key Param", "No|Yes", 1) ;

if (showext)
{
x0 = BarCount - (extend+1) ;
x1 = BarCount -1 ;

Hdlast = SelectedValue(RefMAhtfe) ;
Ldlast = SelectedValue(RefMAltfe) ;

Hplot = LineArray(x0, Hdlast, x1, Hdlast) ;
Plot(Hplot, "", RefClre, styleLine|styleNoLabel|styledisp|styleNoRescale, 0,0,extend) ;
LPlot = LineArray(x0, Ldlast, x1, Ldlast) ;
Plot(LPlot, "", RefClre, styleLine|styleNoLabel|styledisp|styleNoRescale, 0,0,extend) ;

if (showextband)
PlotOHLC(HPlot, HPlot, LPlot, LPlot, "", RefClre, styleCloud|styleNoLabel|styledisp|styleNoRescale, 0,0,extend,Layer ) ;

}

showparam = ParamToggle("Show Key Param", "No|Yes", 0) ;

if (showparam)
{
y = (SelectedValue(RefMAhtfe)+ SelectedValue(RefMAltfe)) /2 ;
tfsd = tfs ;
if (tfsd < Interval())
tfsd = Interval() ;

str = "TF = " + NumToStr(tfsd/in1Minute, 1.0) + " P = " + NumToStr(Periods, 1.0) ;
PlotText(str, BarCount+2, y, colorBlack) ;
}


}
_SECTION_END();
 
re: Day trading Nifty & Banknifty Futures

I attended a lecture on Budget provisions and stock market direction in 2014. This was from a reputed investment analyst who has a good record for picking winning stocks.

http://www.traderji.com/position-tr...nt-2014-medium-term-1-3-years.html#post983895

The above is not shared as tips but should be considered as a starting point for our own study in the workings and fundamentals of these companies. Members are adviced not to rely on the names bliendly, but do own analysis and study further.

Best wishes for Fantastic " Acchhe Din in investments"

Smart_trade
 

Tlahuicole

Well-Known Member
re: Day trading Nifty & Banknifty Futures

For all the full time day traders :).

Recommended read is 4 hour work week by Tim Ferris. Try implementing it in your business :D.
 
re: Day trading Nifty & Banknifty Futures

Extremely sorry for diversion of topic in this thread of Ravibhai. But thought all through the week we talk about Nifty, Bank Nifty, levels, upmove, downmove, bought here, sold here, made this much/lost that much...but on weekends some different angle to wealth creation...

Will be shifting these investment related posts to fundamental investment thread before tomorrow morning to keep the thread clean.....

Baton baton me baat nikal gayi to posted some posts on divergent subject.

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

Extremely sorry for diversion of topic in this thread of Ravibhai. But thought all through the week we talk about Nifty, Bank Nifty, levels, upmove, downmove, bought here, sold here, made this much/lost that much...but on weekends some different angle to wealth creation...

Will be shifting these investment related posts to fundamental investment thread before tomorrow morning to keep the thread clean.....

Baton baton me baat nikal gayi to posted some posts on divergent subject.

Smart_trade
Sir
this is not divergent subject.even its a very important subject for wealth creation.when you talk about any subject related to market in any way,its all treasure of knowledge.we request you posting more posts like this.
we have some treasure thread on intraday trading..now it would be great if you share your view,knowledge about swing trading ( short term 3-7 days ) & positional trading..& share few gems with us from your ocean of knowledge

thanks
 
Last edited:

prada

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Couple of posts below posted by me in my thread on 1st Dec 2013. Valuations of individual stocks especially the midcap index prompted me to call the bottom for the same. Sometimes the selling begins to get so irrational that valuations are taken to the cleaners. It is in times like those, smart investors put their money to work and multiply their investments in a very short span of time. Coming back to the index, as posted by me earlier in this thread, we did see a top above 7800 and there after a swift correction. 7300-7400 is an extremely strong support band and I see Nifty pausing and consolidating around these levels before the next decisive move. Midcap index will once again outperform once this correction concludes. We should see a corrective rally in the next couple of days since the index looks quite oversold. All the best to your trading!


One of the reasons for me to turn mildly bearish recently was the movement of Sensex which breached its previous low of 20164 to make a slightly lower low of 20137, whereas Nifty managed to cling onto its critical 5970 support. As long as Nifty manages to hold onto the rising trend-line indicated in the above chart, it will negate the bearish stance on the market. Short term trend has turned mildly bullish, whereas both the medium term as well as long term trend remains very strongly bullish. Moving into the month of December, I expect Nifty to take out its life time high convincingly and surge past it with ease. Charts of both the BSE midcap index and Bankex is indicating a strong build up of positive momentum. Once BSE midcap index takes out its recent high of 6355, it should target 6580-6600. Bank Nifty as seen above took support at its 61.8 % retracement level and has bounced back strongly ever since. Once 11750-11800 is taken out decisively, we should see a strong upsurge to 12500-13000 levels. A weekly Nifty close above 6350 will accentuate the strong uptrend in the market setting it on a memorable ride. From an investment point of view, this is the time to cherry pick some of the high quality midcap stocks trading at dirt cheap valuations. Who knows, one might never get to see these prices again in his/her lifetime. In 2009, I had bought a chunk of HCL tech at a price of Rs.98 and sold the same once my money tripled and today every one knows what it is quoting at. I can't even dream of buying back HCL tech at 98. Hope you'll get the moral of the story. There are plenty and plenty of extremely high quality stocks quoting at very cheap valuations and I urge you'll to start investing apart from your usual trading activities. All the best and to your trading and enjoy the upcoming Santa Clause ride!

In one of my earlier posts, I had mentioned a few stocks which have already performed quite well. Selective PSU banks like PNB and Canara bank, BHEL, LICHFL, Yes bank, Bank of India, JP Associates etc . I am particularly extremely bullish on Financials for which the worst seems to be over.
 

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