Hi all,
Nifty yesterday traded in a very narrow band. Nifty is getting closer to 5050, where the 3 EMAs should come together to decide on whether to go up towards 5080 or go down towards 4980. The Pivot is at 5029 with resistances and supports at 5054, 5075 and 5008,4983. The Asian markets are trading flat with a negative bias. Today's close will decide short term trend.
Be Profitable today !!
Ankur..
This blog is a dedicated blog to analyze the India NIFTY index for intraday and coming days.
My NIFTY Intraday Trading system
This is my Trading system which I use for last 5 years in intraday. The System gives indication of overbought/ oversold conditions in intraday Nifty index and thus gives you entry and exit points. I get into the Trade when all of indicators are confirming the Trend and get out of the trade when see 2-3 indicators diverging from the Nifty main trend.
Nifty Live chart
NSE Heatmap
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hi ankur,
ReplyDeleteplease let me know a safe call-n-put strategy, as you much more knowledge in it.
Is trading is your full time profession?
as you have more knowledge in it.
ReplyDeleteIt's not that Simple... You are missing the point... Any Call Put strategy will not work all the time... Like Nifty it keeps on changing...Your Risk and Reward ratio keeps changing all the time. So, you need to take educated risks and not blind risks. I am also not a pro in Options, I am still learning.... But, I consider it better than trading Futures.
ReplyDeleteKeep trading and maybe you will know yourself better and that will make you a better trader.
Like the video of Bruce Lee I have posted here, Markets keep changing...We need to do the same... That is a big advice in a small package...