How to understand nifty trend for an intraday ??any suggestions ??
Best way to start is by using technical analysis. Suggest you to go through this module.
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NIFTY DAY Trading APPROACH 1:
SIMPLE and PRACTICAL with NO Rocket SCIENCE.
Dedication and Perseverance Required : 2 / 5.
STEP 1: Identify if Last Day’s NIFTY closing is ABOVE or BELOW the JNSAR Line.
IF ABOVE = Take only LONG trades for Intraday.
IF BELOW = Take only SHORT trades for Intraday.
STEP 2:
IF NIFTY Closed ABOVE JNSAR on STEP 1 = Wait for NIFTY to move considerably below the Power of Control on Volume Profile during Intraday and take LONGS on this Fall.
IF NIFTY Closed BELOW JNSAR on STEP 1 = Wait for NIFTY to move considerably above the Power of Control on Volume Profile during Intraday and take SHORTS on this Rise.
SCREENSHOT for JNSAR Filter on DAILY CANDLES:
SCREENSHOT for Intraday VOLUME PROFILE _ Power of Control When NIFTY above JNSAR on STEP 1.
“FOR any given strategy to work, you Need to follow it over a Reasonable Period of Time Religiously with Daily Discipline…”
DISCLAIMER 1) Trading Involves Substantial RISK of LOSS and not for everyone, Past Performance of the above Trading SETUP are not a guarantee for Future Performance.
DISCLAIMER 2)
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