My System - My trades.

[timepass]

In BN today's lowest volume candle (120 contracts) came at 12:58 as per 1min.charts. The closing rate of that candle was 22852. We closed above this level in both price and OBV.

The adjusted close of banknifty is 22830.35

What difference does it make to tomorrow's levels ?

 

[princy01]

Is there any pdf file for this system?

 

[varunkochhar]

The adjusted close of banknifty is 22830.35

What difference does it make to tomorrow's levels ?

TP ji my levels are based on future in NIFTY and BN. I think you are talking about spot rates.

 

[varunkochhar]

Is there any pdf file for this system?

Princy ji it is based on visual analysis. Anybody can do it. No need to depend on anybody. (And this is just my observation not a system with rules)

 

[varunkochhar]

TP ji these levels are to be used for both price and OBV. So if price goes below these levels and OBV does not then one should wait and also vice versa. As best trends are observed when both are in sync. (For example if BN or Nifty were to open Gap down but we donot see weakness in OBV we do not short just because these levels have been breached.

 

[varunkochhar]

And always stick to your select few instruments. You would have a better grip on these over a period of time as you would get to see the nuances in these scrips and would become a pro in trading them.

 

[varunkochhar]

Just post-mortem did not trade it. But from next result season will try to take low risk trades based on OBV.

 

[varunkochhar]

The biggest give away was that OBV had closed yesterday above not only yesterday's PDC but day before yesterday's PDC too.

 

[john302928]

John Ji where are thee. With your good wishes in Reliance almost 90% of the target met (approx 1360)

hi varu kochhar, congratulations. yesterday after my expectation of new low, i realized that around 2.10pm yesterday there were 1,2 waves in 1 min chart. that time itself i got the confirmation that it will meet your target today

 

[varunkochhar]

When you see so much activity in OBV before crucial days you can be assured that it is either Institutional or insider activity and you should just follow the trend which is being potrayed by this activity.