I have been back testing Nifty with a simple strategy in order to find an edge in probabilities of trading. I book minimum of 250-280 points is gain in a month. loss is negligible if you see risk reward ratio. keep eye on levels & Stop loss. its proven trade setup. profit is sure!!
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Monday, August 4, 2014
NIFTY SPOT LEVELS FOR 5th Aug...
Nifty is buy above 7705
Target 7775 Stop loss 7680
If our stop triggers just reverse your position and short nifty for target price 7635 with stop loss @ 7705
total points booked today 115. Trade1: nifty long at 7705 ( 25 point stop hit) Trade 2: after stop loss nifty shorted at 7680 tooooo 7638 almost tgt acheived Trade 3: Again NIfty long above 7705 >>>>>> cmp 7750 holding long target is 7775
total points booked today 115.
ReplyDeleteTrade1: nifty long at 7705 ( 25 point stop hit)
Trade 2: after stop loss nifty shorted at 7680 tooooo 7638 almost tgt acheived
Trade 3: Again NIfty long above 7705 >>>>>> cmp 7750 holding long target is 7775