Nifty 8DMA plus minus trading stratagy

[akumar.27raj]

Today bnf open 15677 so i bought at 15693 and exit at 15795
I got 100 points
Thanks
Sspagro

 

[sspagro]

BNF Future call not active. no trade taken today.

Today BNF open price 15734 which was out of our trading band hence no trade taken.

BNF FUTURE IS BUY IF OPEN BETWEEN 15409 to 15566
BNF FUTURE IS SELL IF OPEN BETWEEN 15777 to 15990

:thumb:

 

[umeshmandal]

Today bnf open 15677 so i bought at 15693 and exit at 15795
I got 100 points
Thanks
Sspagro

Hmmm. I made a mistake and made a loss ! And you also made an error and earned ! :lol:

By the way : BNF opened at 15735 and not 15677 !

 

[umeshmandal]

Today bnf open 15677 so i bought at 15693 and exit at 15795
I got 100 points
Thanks
Sspagro

Are you by any chance looking at Bank Nifty spot??? Please note that the levels here are for Bank Nifty futures.

 

[sspagro]

Trade levels for 17th OCT:

BANK NIFTY:

BNF FUTURE IS BUY IF OPEN BETWEEN 15400 to 15565
BNF FUTURE IS SELL IF OPEN BETWEEN 15798 to 15971

Place 115 points stop loss after order execution. minimum target 100 points of your execution price. if BNF opens out of our trading range then we should avoid trade.

 

[umeshmandal]

Bank Nifty futures opened at 15610 ! Out of our either range ! No trade in BNF!

 

[sspagro]

Today BNF open price was out of our trading band range hence no trade taken.
BNF Future call not active....

don't be a compulsive trader trade only high probability setups.

 

[sspagro]

NIFTY no trade for week.

Bank NIfty trade result of the week>>>

13 Oct: Bnf Buy 15390 to 15700+ initial tgt 100 points booked. Half qty booked around 3 pm. Average points gain: 200 :clapping:

14 Oct: BNF short 15830 to 15640… initial target 100 points acheved in first 15 min itself. some qty trail. Average points gain: 125 :clapping:

15 Oct: Trading Holiday.:annoyed:

16 Oct: BNF open price 15734 which was out of our trading band hence no trade taken. NO PROFIT NO LOSS

17 Oct: BNF open price 15610 which out of our trading band range hence no trade taken. NO PROFIT NO LOSS

Total trade taken:2
Target achieved:2
Total points booked: 325

 

[sspagro]

The name of the game is ""How much confidence do u have" and where does it comes from...

 

[dipendu]

Hi sspagro,

My query is in respect of Entry in BNF trade and the query is if BNF moves 50 points above or below the trigger price, is it good to enter into trade?