Hi there!
Post your Nifty/Bank Nifty trading strategy for this week below and stand a chance to win a ₹5000 Amazon voucher every week. The post will be judged on the quality of the content, ease of understanding, and engagement.
We will announce the winner on this thread on Friday evening, and create a separate topic with your post to open it up for discussion the following week.
Nifty is trading near resistance level, FII & DII sold more than 50k contracts yesterday in index option. Considering yesterday’s high as today’s resistance NIFTY couldn’t cross the last high and formed EVENING STAR PATTERN it’s a type of pattern which tells us that it’ll continue falling.
The stock which is there in many portfolios started down fall, yes I’m talking about INFY this stock fell and that resulted NIFTY INDEX to fall 0.6% DOWN.
So it’s clear to SHORT NIFTY CALL OPTION.
Where as BANKNIFTY forming DOJI PATTREN it is unclear as it looks very choppy condition, couldn’t break yesterday’s high 29690 and bounced back. But CCI and MACD showing positive can consider this partially and take a BANKNIFTY CALL position.
Staying way is better what I think.
Nifty options buying has limited risk but unlimited profit potential, I am going to teach you a trading strategy that can easily multiply your trading capital (money). Before starting with this strategy you need to keep at least Rs. 1,00,000 in your trading account, so that you don’t have to risk much of your trading capital.
Now here first thing to do is start looking at the Nifty futures chart. If the market is trading sideways then there is no trade. Let us see when the market is up (forming higher tops and higher bottoms series), We will wait for a decent pullback of about 80 to 140 point to participate in that up move. Whenever that pullback happens, you will need to buy Nifty Call Option, now I am telling how to choose correct strike price for nifty options, just look at this example: If the nifty spot is 10400 then buy nifty 10600 [call options] i.e. out of money options. Set target as double of your buy price, stop loss half of your buy price.
Quantities to Buy/Sell:
That was all about buying, now let’s see how much quantities to buy; you will use 40% of your trading capital for buying this nifty option. So if you have Rs.1,00,000 in your trading account then you will buy nifty options worth Rs.40,000/- before trading with options remember trading options always involve high degree of risk, moreover it’s your hard earned money invest it wisely.
What if you don’t find such opportunities:
If you are unable to find any decent pullbacks in nifty future, then you can always look at its stocks. There’re 50 stocks in nifty, you can check the daily chart of few of those stocks and surely you will find one/two such stocks every month.
The golden rule of options trading lies in trading in the direction of a medium-term trend if you are buying, or look to go against the trend if you are [writing options]. Also, avoid overtrading, as many discounted brokers offer less brokerage.
Hi
Today nifty move down side
First target to 11539 , and 2nd target 11425
You should be sharing the data you are backing these trades on.
If Red Super trend appears below support line then Around 11200 by 31 Oct with Trailing stop of 60 Points
Views are welcome 
Nifty has decent correlation with HANGSENG and TAIEX. However, the correlation keeps changing from period to period. On days without significant domestic news flow, a strategy that has worked for me, is to take bets on Nifty based on world market direction.
This works very well if there is a trend reversal globally, and Nifty usually follows suit with similar directional change. There is adequate time lag for one to execute this manually. To make a decision one can assign weights to all traded world indices based on the correlation with Nifty. The quantum of forthcoming movement in Nifty is difficult to gauge, but direction change is somewhat dependable.
.My Strategy’s performance for the last 3 months without considering any leverage at all. No futures leverage or intraday MIS leverage considered. How do find these metrics?
points generated by this strategy
I’m trading this strategy from july 2019 till now I got 1239(actual) points (1084 strategy).
My strategy is based on Heikin Ashi 1 hour candles for Nifty Spot
This is not an intraday strategy but positional one.
Long Trade
Entry here we have to look for one green candles, once we see a green candle, then in the next one hour we have to take entry at the high of previous candle and have to be in position till the exit rule satisfies.
Exit similarly to the entry by green candles, we have to look for red candles to exit. Once we see one red candle wait till the candle completes, in the next one hour take exit if the low of previous candle breaks.
The entry and exit rules will be reversed for short trades.
Process:
I take trades with options with the strike price 0.50 Delta
Notes:
I’m trading this strategy from july 2019 till now I got 1239(actual) points (1084 strategy).
how reliable is supertrend for you? for me it generates more false signals than correct ones.
1. SET UP to Trade Nifty Bank.
2. Sentiments
3. Game Theory ( Tug of war between Buyer & Seller)
4. what I am going to do today (In bank nifty)
It's Significant intellectual property & New way to Analyse the Market which use Unconventional Instruments Like Behaviour Finance & Game Theory for getting clear & Unbies idea for Traders.
P.S- I Like free voucher!!eventhouh I earn enough.
Abhikumar Patel
Twitter https://twitter.com/abhi_9392
[email protected]
would this work with banknifty weekly/monthly options?
it will work only on monthly. Due to low liquidity it wont work on weekly nifty/banknifty
Put all this together and observe… then you will love super trend
**very nice initiative although you can earn twice
as u write anything **
First of all Trading Strategy should be simple and easily applicable. Also Entry & Exits should be defined well in chart.
I will discuss Strategy for Index trading with minimal SL and Maximum Profits on this Diwali.
Sell 11700 put.
Buy 11600 put
Nifty
Above 11700 safe view. Might break 11900 in the next two trading sessions.
On daily chart. Bulls have retained it above 11600.
As per Elliots wave theory, the first up move is complete.
ADX slope reducing in downturn.
Despite bearish mood on 22 n 24, held above its support of 11570.
FII bearish bet for increase in Vol. mid session would find Nifty gaining rapidly. That is the time, put selling by Institutions would increase.
