In Search of a system that need no chart no TA/FA

[Vijay11]

Quote:
Originally Posted by karthik_sri View Post
Vijay bro take yday VWAP price from NSE under Equities section...link below for your ready reference...

https://www1.nseindia.com/products/c...q_security.htm

Thanks for the link. I will start watching it.
Further, can your strategy be applied to Nifty/Banknifty too?

Regards.

 

[karthik_sri]

Quote:
Originally Posted by karthik_sri View Post
Vijay bro take yday VWAP price from NSE under Equities section...link below for your ready reference...

https://www1.nseindia.com/products/c...q_security.htm

Thanks for the link. I will start watching it.
Further, can your strategy be applied to Nifty/Banknifty too?

Regards.

Yes you can apply in F&O also...but you will not get VWAP from NSE...have to calculate manually...some where in my post i hv mentioned the calculation...

 

[praveen98]

Yes you can apply in F&O also...but you will not get VWAP from NSE...have to calculate manually...some where in my post i hv mentioned the calculation...

Hi,
I think we can get the VWAP value@EOD for fno from NSE website also...

Please visit the following link....

https://www1.nseindia.com/live_mark...ument=FUTSTK&type=-&strike=-&expiry=28APR2016

Best Regards

 

[Vijay11]

Many many thanks to Karthik_sri & Praveen98 for their guidance on VWAP
Values in NSE.

Regards.

 

[Vijay11]

Quote:
Originally Posted by karthik_sri
Yes you can apply in F&O also...but you will not get VWAP from NSE...have to calculate manually...some where in my post i hv mentioned the calculation...
Unquote:

Hello Karthik Sir,

I am attaching a list of scrips prepared as per your guidance. One thing, can you throw some light on the “Deliv_QTY & Deliv_percentage” given in the NSE list? I think it may work as another filter.

Highly Traded Scrips on NSE (above 60,000 Trades) on 11/04/2016

Sl.No. Scrip Average Price No. of Trades
01 BHEL 125.67 85,517
02 HDFC 1073.64 88,223
03 ICICIBANK 222.21 87,795
04 INFY 1170.05 94,441
05 ITC 321.56 94,854
06 JUSTDIAL 804.87 1,23,215
07 MARUTI 3461.00 61,944
08 RELINFRA 566.99 95,887
09 RELCAPITAL 384.28 61,235
10 SBIN 185.17 1,06,419
11 SUNPHARMA 817.14 72,586
12 TATAMOTORS 381.14 92,223
13 TATASTEEL 327.35 88,016
14 VEDL 89.61 70,439
15

I think the above list will remain same, more or less with a small change for the time being.

Regards.

 

[karthik_sri]

Hello Vijay,
I have not tried the filters which you have mentioned...that mainly relates to the liquidity of the share i believe...try this method on paper with every day NIFTY 50 top 5 Gainers/Losers list...

 

[Vijay11]

Karthik Sir,

Would like to draw your attention towards Tata Motors trading today, i.e. 12/04/2016.

Its Avg price was 381.14 as per NSE.
It gave a Gap up opening and opened at 387.15. The 1st 15 mnt candle took the price to 392.75 (almost).
Now the question arises:
1. Should I have entered the trade during the duration of 1st 15 mnt candle as it was a gap up Opening and the price was well over the given Avg price of 381.14?
2. Or should I have waited for some time to allow the market to settle down? (say upto 10.00 hrs)? Of course, it would have given a little advantage in the price!

The main point is: whether to enter the trade at (around) 09.15 itself as per the Openning Price Of chosen scrip with respect to Avg. price on NSE or allow the market to settle down?

Your line (Quote) “Wait for the candle to touch the Avg Price plotted” (Unquote)…. (and if the 15min candle closes above/below, place your buy/sell above/below the high/low of the candle). (refer your post of 20/05/2012 titled as “In Search of a system that need no chart no TA/FA” in Mr. Praveen Taneja’s thread.

The line given in bold is not understood. Rest of the line given in brackets is clear.

Please help me to understand it completely. Feeling uncomfortable in putting this question in such an old but successful thread.

Regards.

 

[karthik_sri]

Karthik Sir,

Would like to draw your attention towards Tata Motors trading today, i.e. 12/04/2016.

Its Avg price was 381.14 as per NSE.
It gave a Gap up opening and opened at 387.15. The 1st 15 mnt candle took the price to 392.75 (almost).
Now the question arises:
1. Should I have entered the trade during the duration of 1st 15 mnt candle as it was a gap up Opening and the price was well over the given Avg price of 381.14?
2. Or should I have waited for some time to allow the market to settle down? (say upto 10.00 hrs)? Of course, it would have given a little advantage in the price!

The main point is: whether to enter the trade at (around) 09.15 itself as per the Openning Price Of chosen scrip with respect to Avg. price on NSE or allow the market to settle down?

Your line (Quote) “Wait for the candle to touch the Avg Price plotted” (Unquote)…. (and if the 15min candle closes above/below, place your buy/sell above/below the high/low of the candle). (refer your post of 20/05/2012 titled as “In Search of a system that need no chart no TA/FA” in Mr. Praveen Taneja’s thread.

The line given in bold is not understood. Rest of the line given in brackets is clear.

Please help me to understand it completely. Feeling uncomfortable in putting this question in such an old but successful thread.

Regards.

Hi Vijay,
The action to be initiated only when the price/candle/bar touch the Avg Price and close above or below completely. The completion/close of the candle touching the Avg Line or price will decide the Buy or Short sell. If Gap up or Gap down from the Avg Price wait and watch for the price to touch.

 

[anilnegi]

karthik ji

pls post chart

thanks

 

[karthik_sri]

Anil,
The setup is simple...you can visualize the same from your chart...