NIFTYBEES trading strategy

This is a NOBRAINER trading strategy.
I cannot employ any type of analysis (technical/fundamental).
I cannot follow right scrip for trading because of my little knowledge and available time.
Hence I have chosen NIFTYBEES which follows NIFTY INDEX.

Buy NIFTYBEES when it breaks recent high, sell when it breaks recent low.
When selling, close NIFTYBEES and park your money in GOLDBEES.
My assumption is GOLD will not loss its value.

My initial capital will be Rs 100000.00.
Recent high/low for NIFTY is 8461/8327.
Nifty has already broken its recent high, hence I will park my money in GOLDBEES.
On 27.01.17 GOLDBEES closed at Rs 2645.00.
Hence I can buy 37 shares amounting Rs 97865.00
I have to wait for Nifty to form a new high, then go down, then come back for breaking this new high. Till then no action.

Don't know about the rest but this part will not work.

lokanathpai,

what's u'r view on this.

angira...

Look at this chart. Does it look like a place where you want to park your money?
Go for liquid bees instead and don't expect a hefty return on it,

Thanks Ravi. Gold always does not maintain same value. But generally when market is going up it sheds value and when market is going down it gains value.
Ofcourse not in same proportion.

I deferred entering this strategy till I got a trigger. On 01.02.17 I got that trigger. Nifty broke the recent high of Rs 8672/-, hence I entered this strategy.
My intention is I should not hold Nifty when it is going down and I should not let my broker to enjoy my liquid position.
On 2/2/17 NiftyBees was available for Rs 887.00.
100000/887=112.7 ~112.00
Hence I bought 112 shares of NiftyBees @ 887.00 at an investment of Rs.99344.00

Instead of GoldBees how is LIC NOMURA MF G-sec LT ETF? It seems this will retain value.

Earlier Gold and the index usually moved inversely but markets keep evolving and so do their moves.
If you look at the goldbees and niftybees charts for above period, they have a direct correlation and hence the old understanding would have failed now.

The same happened with me, recently, since EM was being dumped, I moved to DM only to see that even their debt instruments were being dumped.
so in these times there is no shame in doing and FD or liquid bees.

My savings a/c interest would have earned more. so don't always expect returns, just like in trading, during whipsaws ppl sit on the sidelines.

But once money is in SB account I will lose track, hence it should be in the market. GILT ETF seems to be good choice

Anything is fine, as long as lower return levels, you are guaranteed the return. :thumb::thumb:

New low for Nifty is 8700. When Nifty breaks down 8700 I should quit NiftyBees.

Initial Capital 100000.00
NiftyBees 112 887.00 03/02/17 99344.00
Balance 656.00
Latest Position
10-02-17 112 895.89 100339.68
Notional profit 995.68