Nifty futures Intraday trading system

Nehal_s143

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Apr 24, 2009
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#1
Hi friends

This is Nehal here, i have completed my graduation and now i have started intraday trading in Nifty with 2 lots. I have done basic course in Technical analysis, I use amibroker

My daily target is 20 - 30 points. :)

friends can you help me out for good tested AFL for intraday trading in Nifty
if yes :clap: , please mail me AFL at nehal_s143 @ y a h o o . c o m (without space) ;)

Regards

S.Nehal
 

Xaero

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#2
I've recently started drawing trendline for intraday and I can usually catch about 50-100 pts intraday. I think 50pts a day should be a reasonable target if the markets are not choppy.

Do read Saints "teach a man to fish.." thread
 

HEM

Trader
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#3
I've recently started drawing trendline for intraday and I can usually catch about 50-100 pts intraday. I think 50pts a day should be a reasonable target if the markets are not choppy.

Do read Saints "teach a man to fish.." thread


Xaero, how you can usually catch about 50-100 pts intraday in nifty with drawing trendlines ?
please explain.
 

Xaero

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#5
thanks for reply, can you please explain how u make 50 - 100 points using trend lines
Attached is todays intraday chart..

The black lines are trenlines and the red ones are support/resistances so nifty will bounce off it many times but you have to make sure that whenever a pivot low is broken you lower your stop losses to the previous pivot high and viceversa for a uptrend.

Easy aint it? :thumb: You can do this everyday. If you can't then you shouldn't be trading on that day.

Cheers. :clap:
 
Last edited:
Joined
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#7
I am a nifty futures and options trader.
in my site i upload the nifty spot chart usually ranges between intraday and 5 day depending on the movements. i usually trade on sup, res lvls, fibonacci leves, trendlines, chart patterns, RSI an MACD.
i usually upload that everyday to help those who want to learn technical analysis. you may book mark http : // niftytrade . net / technicalls / today . htm (remove space) and give a visit every evening after 6pm.
 
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