Guidelines for Nifty Trading
Readers of this blog can trade in nifty based on my NF trading range given by me every trading day at 10.30AM, with the following guidelines:
1. Just jot down the expected trading range given by me (say 4860-5020), and also the open level of nifty futures(say 4867).
2. If open level of NF is near to the low of my trading range, go LONG.
3. If open level of NF is near to the high of my trading range, go SHORT.
4. If open level of NF is near to the middle of the trading range, dont trade that day.
5. If you are going LONG, put SL 5 points below the low of my trading range.
6. If you are going SHORT, put SL 5 points above the high of my trading range.
7. Take the trade at such a level that your SL is within 30 points.
EXAMPLE: For Friday, the budget day, the trading range released by me at 10.30AM was 4860-5020. The open level was 4867, and the level trading at the time of release of my message was 4883. You find the open level of 4867 was very near to the low of my trading range, that is 4860. Hence the decision was to go LONG. The SL was 4860-5 = 4855, which allows you to take the trade upto a level of 4885. And on Friday, after my release of the trading range, NF traded below 4885 so many times till almost 12 Noon. The result of the said LONG trade was 100+ points gain, as NF went to a high of 5002.
Readers can trade in nifty based on my above guidelines for next 10 trading days, and see to themselves that such trade can result in gain of 7 out of 10 trades.
Regards.
kadiyali.
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NIFTY SMS GROUP TRADES
Feb 10 Jan 10 2010
A. Total Trades: 16 15 31
B. Winning Trades: 13 11 24
C. Losing Trades: 3 4 7
D. Points Gained: 338 283 621
E. Points Lost: 53 57 110
F. Net Gain: 285 226 511
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