Bankniftylong
BankNifty (Low Risk, High profit)Levels mentioned on chart.
additional data as of today : 26000 Put has been reduction in open interest whereas as slight OTM calls has seen increase in OI. Future OI is also decreasing signaling short unwinding. Any gradual increase towards 26600 could trigger short covering and take Bank Nifty to 27000 levels.
BANKNIFTY trade setupBanknifty is in a crucial territory between a trend line and a channel bottom.
We will go for buying above 24500 or short below 24150. Until our trade is triggered we will wait and watch
Targets and SL will be updated once trade is triggered. Keep watching this space for more info.
NSE BANKNIFTY Trading Strategy based on Multiple Moving AveragesA trading strategy based on multiple moving avergaes.
Shows great results on backtesting.
Parameters:
Initial Capital : 250,000
Contracts : 40 (Fixed, Equal to Lotsize of NSE BANKNIFTY)
Pyramiding : 3
Slippage : 20 ticks (1 Rupee)
Commission : 0.015%
64% Trades are profitable...