Trading Nifty by Levels

khushi00

Well-Known Member
#1
Hi all
I am starting this thread to discuss a new method to trade nifty daily with gain of atleast 10 points whether market is sidewise or trending.
If market is sidewise then we Trgt n SL of 10 points but if its trending then we trgt of 20-30 points & SL of 16-20 points.
I started trading nifty around 40-45 days back but dont worry i am not a Novice, rather i paper traded for around 3 years to establish strategy that works almost all type of markets.
To start with i made some changes in pivot levels and called New levels as sentimental Levels
As these levels in day trading attract attention of maximum traders. Difference is that Fabonacci levels, pivot levels, camarilla levels are just retracement or extension levels of prev. day and Gann level is just a hypothetical level at any time during day.
Like today the sentimental level (or simply nifty level) for me is 4806-4810, 3 times nifty crossed this level today.
first time i bought @ 4810 got out @ 4800 as trend was not clear(9.25am)
then i bought arond 4798 thinking that it may retrace its level so booked around 4810
then again it touched 4803 with clear uptrend so bought @ 4808 and got out @ 4830
In the morning only sentimental trgt for me is 4840 and nifty hold its high of 4839-4841 for 2 hours
I am not boasting any get rich strategy or Holy Grail, please mind it NO strategy is 100% accurate else i must have ruled the market with trading 1000 lots daily
But what happens is,in good days i earn 20-30 points, in bad days i earn no profit no loss and in very bad days i had loss of 15 points so in past 40 days i earned 12800 on 1 lot nifty after deducting brokerage at rs.10 per lot n govt. taxes
So first watch my trades for 2 weeks then i will explain how to calculate sentimental levels and then simply how to check market trend.
Strategy is simple whenever market crosses sentimental level then check trend if up then buy if down then sell.
Suggestions n corrections are most Welcomed as 100 brains are more better than single brain.
You can check my past posts on same strategy in other thread.
In last i dont trade daily as i have 1 small baby who is more important to me then trading so some days may go off without posting but dont worry it took me 3 years to reach here but it will take only a month for you all to understand after that i will close this thread and you can trade at your own.
Regards
 
#2
Hi all
I am starting this thread to discuss a new method to trade nifty daily with gain of atleast 10 points whether market is sidewise or trending.
If market is sidewise then we Trgt n SL of 10 points but if its trending then we trgt of 20-30 points & SL of 16-20 points.
I started trading nifty around 40-45 days back but dont worry i am not a Novice, rather i paper traded for around 3 years to establish strategy that works almost all type of markets.
To start with i made some changes in pivot levels and called New levels as sentimental Levels
As these levels in day trading attract attention of maximum traders. Difference is that Fabonacci levels, pivot levels, camarilla levels are just retracement or extension levels of prev. day and Gann level is just a hypothetical level at any time during day.
Like today the sentimental level (or simply nifty level) for me is 4806-4810, 3 times nifty crossed this level today.
first time i bought @ 4810 got out @ 4800 as trend was not clear(9.25am)
then i bought arond 4798 thinking that it may retrace its level so booked around 4810
then again it touched 4803 with clear uptrend so bought @ 4808 and got out @ 4830
In the morning only sentimental trgt for me is 4840 and nifty hold its high of 4839-4841 for 2 hours
I am not boasting any get rich strategy or Holy Grail, please mind it NO strategy is 100% accurate else i must have ruled the market with trading 1000 lots daily
But what happens is,in good days i earn 20-30 points, in bad days i earn no profit no loss and in very bad days i had loss of 15 points so in past 40 days i earned 12800 on 1 lot nifty after deducting brokerage at rs.10 per lot n govt. taxes
So first watch my trades for 2 weeks then i will explain how to calculate sentimental levels and then simply how to check market trend.
Strategy is simple whenever market crosses sentimental level then check trend if up then buy if down then sell.
Suggestions n corrections are most Welcomed as 100 brains are more better than single brain.
You can check my past posts on same strategy in other thread.
In last i dont trade daily as i have 1 small baby who is more important to me then trading so some days may go off without posting but dont worry it took me 3 years to reach here but it will take only a month for you all to understand after that i will close this thread and you can trade at your own.
Regards
Hello Khushi,
First of all Lots of Love to your Baby, and thanks in-spite of having big responsibility you decided to share your back tested strategy with us.
I have few questions : Right now I will ask one or two and hope the others will be cleared automatically after few days as this post will forward with your suggestions and advice.

1. As you said in your initial text...IF MARKET IS SIDE WISE THEN TRG n SL of 10 PNTS BUT IF IT IS TRENDING THEN TRG 20-30 n SL 16-20 PNTs.

now the question is how one can find SIDEWISE or TRENDING trend in DURING MKT time ???
I means as far as my concern I can't judge market type during mrkt hours whether it is SIDE WISE or TRENDING...
Is there any way to analyse market type during market hours ???

2. Waiting for your formula to calculate SENTIMENT LEVEL ..

3. Can we later use this strategy for Stocks ???

Good wishes for your new thread .... and thanks for starting this thread.

Bhupesh
:clapping:
 

khushi00

Well-Known Member
#3
Hello Khushi,
First of all Lots of Love to your Baby, and thanks in-spite of having big responsibility you decided to share your back tested strategy with us.
I have few questions : Right now I will ask one or two and hope the others will be cleared automatically after few days as this post will forward with your suggestions and advice.

1. As you said in your initial text...IF MARKET IS SIDE WISE THEN TRG n SL of 10 PNTS BUT IF IT IS TRENDING THEN TRG 20-30 n SL 16-20 PNTs.

now the question is how one can find SIDEWISE or TRENDING trend in DURING MKT time ???
I means as far as my concern I can't judge market type during mrkt hours whether it is SIDE WISE or TRENDING...
Is there any way to analyse market type during market hours ???

2. Waiting for your formula to calculate SENTIMENT LEVEL ..

3. Can we later use this strategy for Stocks ???

Good wishes for your new thread .... and thanks for starting this thread.

Bhupesh
:clapping:
never use this strategy on shares as it uses open interest, change in open interest, option pricing, put call ratio, support n resistance
Now except support n resistance you wont get accurate data for stocks to decide trend
For me,ya we can decide whether trend is shifted sidewise or trending but at that time U will be near ur buy or sell price or in loss of 5-10 points so better keep booking profits at every 10 points.
so what i can say that u will never face loss of 20 points in any case(except panic cases)
 

khushi00

Well-Known Member
#6
level working right now 4755-4760
 

haushang

Well-Known Member
#7
Hi all
I am starting this thread to discuss a new method to trade nifty daily with gain of atleast 10 points whether market is sidewise or trending.
If market is sidewise then we Trgt n SL of 10 points but if its trending then we trgt of 20-30 points & SL of 16-20 points.
I started trading nifty around 40-45 days back but dont worry i am not a Novice, rather i paper traded for around 3 years to establish strategy that works almost all type of markets.
To start with i made some changes in pivot levels and called New levels as sentimental Levels
As these levels in day trading attract attention of maximum traders. Difference is that Fabonacci levels, pivot levels, camarilla levels are just retracement or extension levels of prev. day and Gann level is just a hypothetical level at any time during day.
Like today the sentimental level (or simply nifty level) for me is 4806-4810, 3 times nifty crossed this level today.
first time i bought @ 4810 got out @ 4800 as trend was not clear(9.25am)
then i bought arond 4798 thinking that it may retrace its level so booked around 4810
then again it touched 4803 with clear uptrend so bought @ 4808 and got out @ 4830
In the morning only sentimental trgt for me is 4840 and nifty hold its high of 4839-4841 for 2 hours
I am not boasting any get rich strategy or Holy Grail, please mind it NO strategy is 100% accurate else i must have ruled the market with trading 1000 lots daily
But what happens is,in good days i earn 20-30 points, in bad days i earn no profit no loss and in very bad days i had loss of 15 points so in past 40 days i earned 12800 on 1 lot nifty after deducting brokerage at rs.10 per lot n govt. taxes
So first watch my trades for 2 weeks then i will explain how to calculate sentimental levels and then simply how to check market trend.
Strategy is simple whenever market crosses sentimental level then check trend if up then buy if down then sell.
Suggestions n corrections are most Welcomed as 100 brains are more better than single brain.
You can check my past posts on same strategy in other thread.
In last i dont trade daily as i have 1 small baby who is more important to me then trading so some days may go off without posting but dont worry it took me 3 years to reach here but it will take only a month for you all to understand after that i will close this thread and you can trade at your own.
Regards
this is the great thing u do khushi n now u r in your own world welcome and hope i can enter in your world :lol: by the way thanks to be with us :thumb::thumb:
 

khushi00

Well-Known Member
#8
see as i said its weak bearish so not to mention i covered 1 lot at 4744 & waitin for other
tonight i will start with 1st lesson of calculation of support & resistance
 

khushi00

Well-Known Member
#9
support of spot nifty 4703 & resistance at 4884
 

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