Dear All ,
Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...
BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).
I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.
So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??
Best Regards
Suresh
Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...
BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).
I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.
So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??
Best Regards
Suresh
To consistantly catch 10 points on nifty, you will need 2 things (you surely would be working with those).
1. Technical analysed strategy based on volume and movement. I would suggest RSI, Williams%R and MACD (probably Stochs (fast or slow??)) and a strategy around it.
2. Excellent and quick co-ordination between signal's generated and trade execution. That way you will catch the trend quite easily. I would prefer to write a s/w to help me execute such trades.
And of course if you want to catch about 10 points a day, you are not talking of overnight positions.
You will eliminate you holding costs if you provide your A group shares as margin (i know icicidirect allows that). You will have minimal brokerage with ICICI Direct (new plans) and Geojit Securities @rs 75 per contract one way.
Very intresting topic, so ask more questions and let's take this discussion further.