I was just wondering that if Rs 2000 can be made on daily basis.I mean how much does it takes.If one has 50 shares of 5 different stocks and each one moves in by just 10 points,which i think should be possible.I often see that nifty wud oscillate more than 10 points on either side from its opening position during the day.Though at times I have seen that it would stay only on one side but even in those cases,it does oscillate about some other position.
So the whole thing is to select 5 stocks from so many of them which have a good chance to oscillate and figure out that oscillating mean position which most probably should be the opening position as then things would become more easy.
As it should be evident from the post,i am a newbie with zero experience.Can some seniors throw in some light.I have installed amibroker but i dont know how to write the program.Is it possible to backtest this idea if it is really worth it.
So the whole thing is to select 5 stocks from so many of them which have a good chance to oscillate and figure out that oscillating mean position which most probably should be the opening position as then things would become more easy.
As it should be evident from the post,i am a newbie with zero experience.Can some seniors throw in some light.I have installed amibroker but i dont know how to write the program.Is it possible to backtest this idea if it is really worth it.