Bank Nifty - Backtest results of a simple strategy, that works.

The chart has highs and lows of first 15 min. candle marked for a few trading days, and backtest results of trades taken on breaking of these levels in either direction.

A friend has told me about this system, I decided to back test out of curiosity, surprisingly it works. The system gave 100+ points on Bank nifty on 9 out of 11 days.

I believe, if we use some reliable indicator along with this, profitability can be enhanced further.

Those interested in more information about this system can share their e-mail ids via message post or direct messages.

Relevant for beginners only or someone with very basic knowledge of technical analysis .

I have also tested it on Nifty , and got similar results. I have not tested on individual stocks yet, but I was told it works well on them too.

This post is not a trading tip or encourages / recommends speculative trading using leveraged positions in any way, please consult some financial consultant before taking any decisions w.r.t. your money.

Follow me on this forum for periodic updates on nifty , bank nifty and some trading strategies.

ipuneet nitish_chaturani
@nitish_chaturani, Pls refer to my another post / idea, that explains how to use this system, consider following me on this forum so that all my ideas are notified on your system.

Please advise how to download puneet_9EMA_21_RSI" indicator on a two hour nifty / bank nifty chart
ipuneet Harin007
@Harin007, sir, it can be loaded just like you load any other indicator on tradingview, just type PUNEET_9EMA_21_RSI, use it on two hour Nifty chart for reliable Entry and Exit signals.
My mail id is bhatiaanil77@gmail.com.
ipuneet anil77bh
@anil77bh, Hi Anil, i've posted the explanation of this system under my ideas / posts for the convenience of people that have shown interest. Please consider "Following me" over this forum if you are not, already. Following is the link to small write-up explaining this system. Feel free to send me a direct message if you need clarifications after this note.
ipuneet anil77bh
@anil77bh, Hi Anil, I've explained the system in an idea / post and shared it, here is the link :
Sir my emailid....rmeraja@gmail.com
ipuneet rmeraja
@rmeraja, I've explained the system in an idea / post and shared it, here is the link :
1st 15 minute range breakout strategy for Nifty and BankNifty
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