Trading Nifty by Levels

[khushi00]

right now trend is weak down but nifty trying to bounce towards sentimental level of 4752 as already touched that level 3 times so far so if wanna book quick target then do @ 4735

 

[khushi00]

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:

to trade in stocks i had developed exactly same afl as prime system uses so just let me cover up nifty level trading then i will explain how to use that system for intraday trading in stocks but so far it is 70%-75% success in past

 

[khushi00]

Anybody who is new here plz note that support n resistance are always calculated on spot & never never calculate on futures
If u ever try to calculate on futures it will give u wrong results as futures is always reflection of sentiments on spot

 

[khushi00]

right now nifty is judging our patience & i am holding for trgt of 4730
I shortd at 4749 when it touched 3rd time 4751 around hour back

 

[khushi00]

since morning trend is weak bearish

 

[navadia7]

From Here i think Nifty will change trend If cross 45 What u say ?

 

[khushi00]

From Here i think Nifty will change trend If cross 45 What u say ?

for past 2 hours its trading in very narrow range of 20 points
volume of put is higher than expected so i expecting 4730-4720 but cant be fortelled exactly what going to happen

 

[letsgrownow]

for past 2 hours its trading in very narrow range of 20 points
volume of put is higher than expected so i expecting 4730-4720 but cant be fortelled exactly what going to happen

I have Long 2 MiniNifty @ 4736 Trgt 4755 4769 SL 4720

Let's See..

 

[haushang]

for past 2 hours its trading in very narrow range of 20 points
volume of put is higher than expected so i expecting 4730-4720 but cant be fortelled exactly what going to happen

khushi do u think any kind of short covering due to tomorrow expiry

 

[khushi00]

Latest data that i am analysing right now

Strike LTP OI Fair Value
calls
4200 535.00 7500 541
4300 435.00 6650 441
4400 340.50 24650 341
4500 232.00 115050 241
4600 139.00 129700 141
4700 59.00 2895000 41


puts
4800 75.25 5110200 59
4900 162.00 2432700 159
5000 260.30 2122150 259
5100 360.70 914600 359
5200 457.45 1205800 459