First time doing nifty 50 analysis For nifty 50 =
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have observed many times that if two or three days before the monthly expiry move is range bound then there is high probability for directional move)
If you are a index option buyer then you must try this strategy. This works for me, it will work for you.
It gives you huge risk reward as compare to other days becuase the on direction move.
Please read & do comment so that I can find more opportunities to improve my self for more good analysis.
THANKS
Directional
Nifty 50 Direction with Zeta ScannerWatch Zeta Scanner signals working so nicely on Nifty50 Futures chart.
Zeta Scanner generates Buy/Sell signals for you to follow.
When you see a Buy Signal, you may take the Buy position and hold it till either (a) you see a Sell Signal or (b) your Stop Loss is hit which is ideally the low of the candle which precedes the Candle where Buy Signal came, but you may choose any other Stop Loss also like 2% loss of your capital or so on.
When you see a Sell Signal, you may take the Sell position and hold it till either (a) you see a Buy Signal or (b) your Stop Loss is hit which is ideally the HIGH of the candle which precedes the Candle where Sell Signal came, but you may choose any other Stop Loss also which works for you.
It is so simple and it gives very good accuracy.
For free access to back-test this indicator, you may like to contact us.