This is a simple trading strategy that can be used if one has access to a trading terminal :
* After 15 minutes of the market open, sort the stock on the basis of % gainers or loosers.
* Check the Nifty if trading positive or negative.
* If the Nifty is 20 points positve, go long on a stock that is trading above the 15 minute closing bar.
* If the Nifty is 20 points negative, go short on a stock that has broken the 15 minutes closing bar.
* While going long or short, its preferable that the stock being traded long or short is between 1% to 1.5% plus or minus.
* Preferably one should look at the daily chart to confirm one's entry.
* Once the trade is taken either long or short, immediately place a protective stop loss based upon one's level of comfort (suggested stop loss is high of 15 minute candle for short, and low of 15 minute candle for long)
* Modified version of this strategy would be to scan for break above or below the 15 minute high or low within the first hour of open, but to always take the trade in the direction of Nifty i.e long if Nifty is 20 points positive, and short if Nifty is 20 points negative.
* Book profits at your level of comfort.
Trade smart and trade safe.
* After 15 minutes of the market open, sort the stock on the basis of % gainers or loosers.
* Check the Nifty if trading positive or negative.
* If the Nifty is 20 points positve, go long on a stock that is trading above the 15 minute closing bar.
* If the Nifty is 20 points negative, go short on a stock that has broken the 15 minutes closing bar.
* While going long or short, its preferable that the stock being traded long or short is between 1% to 1.5% plus or minus.
* Preferably one should look at the daily chart to confirm one's entry.
* Once the trade is taken either long or short, immediately place a protective stop loss based upon one's level of comfort (suggested stop loss is high of 15 minute candle for short, and low of 15 minute candle for long)
* Modified version of this strategy would be to scan for break above or below the 15 minute high or low within the first hour of open, but to always take the trade in the direction of Nifty i.e long if Nifty is 20 points positive, and short if Nifty is 20 points negative.
* Book profits at your level of comfort.
Trade smart and trade safe.