How to set an alert for BankNifty Intraday Strategy [5min TF] ? Set Alert on 77% Profitable Bank-Nifty Back-tested Intraday Strategy with FREE TRIALS
Trend Follower Intraday for 5 minute Time-Frame (Adjustable) , that has the time condition for INDIAN | CRYPTO | FOREX Markets
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Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included .
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The Timing can be changed to fit other markets, scroll down to "SQUARE-OFF TIME" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) EMA1 crosses above EMA2 , is a Long condition.
2) EMA1 crosses below EMA2 , is a Short condition.
3) Green Section indicates Long position.
4) Red Section indicates Short position.
5) Allowed hours specifies the trade entry timing .
6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS.
7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS.
8) RISK is Maximum Risk per trade for the intraday trade can be changed .
9) Total Capital used can be adjusted under INPUTS.
10) ATR TRAIL is used for trailing after entry , as mentioned in the inputs below.
11) Check trades under the list of trades .
12) Trade only in liquid stocks .
13) Risk only 1-5% of total capital.
14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts
15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time.
Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min
16) Strategy stops for the day if you have a loss .
17) COMMISSION value is set to 10Rs and SLIPPAGE value is set to 1 . Go to properties to change it .
Apply it to your charts Now !
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Tradingstrategies
Gap up / gap down intraday strategy with simple entry / exitI get queries from a lot of people who don't want to study technical analysis much.
They're just focused on getting a predefined trading strategy, which they can use effectively in the market without looking much at the charts .
So, in this video, I share a strategy which has been given really good results and it works a lot of times and I believe the probability of this particular strategy is close to around 65 to 70%.
It has simple entry and exit rules, and you can only apply this particular strategy when the market opens gap up or gap down.
See, whenever the market opens gap up or gap down, there is high volatile period of the market during the beginning half an hour or an hour.
And in that period of time,if you place a trade, then you have a good probability if market moves as per expectation.
As you can see these days, nifty and back nifty have been creating gap up and gap down opening almost on a daily basis.
In this case, the first rule is that if the market opens gap up by more than half a percent.
So for example, if bank nifty opens gap up by more then 200 points. , then only you can apply this strategy.
And on the other hand, if nifty opens gap up or gap down by more than 50 or 60 points, then only you should think of applying this particular strategy.
Small gaps do not count in this strategy.
So if bank nifty gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether.
See, whenever the market is opening gap up or gap down, there are two possibilities.
The market might continue the current trend.
For example, if the market opens gap up, the chances are that the market might move higher, or the other possibility is that the market might go sideways the whole day.
So ,in this case, whenever you see the market opening gap up or gap down by more than half a percent, just have to follow this simple procedure.
Just plot the 15 minute chart with a 20 exponential moving average.
Why 20 exponential moving average because the market usually gets good support and resistance around the 20 moving average.
You can expect the market to stall around the moving average for a lot of times if you take a trade.
So ,you just have to plot the 15 minute chart, and if the market gaps up or gaps down, you just have to watch the first 15 minute candle.
So if the market opens gap up and it forms a bullish candle.
Then , what you can do is you can sell puts if price breaks the first 15M candle high. You can sell puts with the stop loss at the low of the candle.
If the market comes below the low of the candlestick the first 15 minute bar, then you exit your position and book the loss.
Why sell puts?
The idea behind selling puts is that during the first 15-30 minutes, the volatility is on a very higher side during that period.
And if at that point of time you start to sell options, then with the passage of time, as the market starts to move sideways, the volatility reduces.
And, what occurs is a concept called IV Crush.
The volatility starts to reduce very quickly and that will give you a benefit if you sell a put, even if the market goes sideways.
So for example, the market formed a very big bullish candle, and the criteria is if it crosses the high of the candle ,sell puts .
So, the whole day, if the market is moving sideways/upwards , the volatility crush will start to happen.
And with the passage of time, you'll start to see the benefit of the IV Crush and the time decay.
So this is a very handy strategy which you can apply.
Always remember, keep the stop loss below of the first 15M candle.
It's a very effective technique, and it's based upon gap openings.
And ,the first 15 minutes usually tell us who is on the stronger side, who's winning , buyers or sellers.
So make sure the gap is big and whatever bar is being formed in the first 15 minutes.
If the bar is bullish, you sell a put If the price crosses the high of that candle stick, and stop plus below the low of that candlestick.
It's an effective rule based strategy and you can back test it on nifty and bank nifty.
And you can also check its reliability, its effectiveness, you can also add this particular strategy in your tool kit.
So I hope this strategy will provide some sort of value to you in your trading.
And if you find the video helpful, don't forget to like this and share it and also comment your thoughts.
Thank you very much and take care.
Nifty at 240 day EMA and trading strategyNifty
- RBI Policy Meet on 28Sept- 30 Sept 2022
- Result season is about to begin
and Nifty is near 240 day EMA
Important Fibonacci level that may provide Support
61.8% retracement 16293
76.4% retracement 15868
Important Resistance zone
17166-17320 zone
17758-17820 zone
Given the set up one may consider to go for a Short Strangle strategy in Nifty for Oct series
Sell 15800 Put option and
Sell 17800 Call Option
The strategy has a profit potential of 10% and gives a protection
- for a fall up to 15620 odd levels on the downside
- for a rise up to 17980 odd levels in the up side
That's a protection of approximately 1200 points on either side from current levels. However do understand that trading in F&O involves risk. Read the disclaimer carefully.
Do Like and Share if you find it useful.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Wheels on the Nifty go up and down On September 28, it was suggested that Nifty is near 240 day EMA and that 17166-17320 zone might act as short term resistance and short term support being around 16300 odd levels.
Well, Nifty has made a high of 17187 thereafter and and now is back at it's 240 day EMA.
For the October month, Important Support and resistance levels going forward
Gap support 1 - 16653-16746
Gap support 2 - 16360-16490
- 50 day and 20 day EMA around 17270 and 17340 coinciding with Gap resistance zone at 17166-17320
The Short strangle strategy suggested on 28 September, which had a Net receivables of 181 points at that time; is currently valued at 125. That gives a profit of 56 points per strategy lot. We continue to hold and as long as Nifty is between 16300-17320 odd points, we would be passive in our trading approach.
Important levels to watch out for till 6th October 2022
16980 / 17062 / 17123 on the upside
16855 / 17733 / 17608 on the downside
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Maxhealth to take long entryLong max health care above 410 after the BO of the marked trend lines. Stock in the consolidation phase for a long time. High probability that the stock can move upwards as the long-term trend of the stock is in the uptrend. Long above 410 for the target level of 450-460 with SL of 385. This is for your educational purpose only.
Target 1 achieved in CoalIndia | 7.8% mover This idea is a follow-up to Coalindia
You can check the Link to Related Ideas ( Detailed analysis done on 18th July Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Nifty: Chart set up and trading StrategyNifty
- Nifty seems to be in Consolidation phase
- Box size is roughly 440 points
- On Breakout Nifty might move towards 17900 odd levels
- if there is a Breakdown, potential downside target 16560
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Important levels and potential different scenarios have been discussed.
For the given set up, my trade strategy for Nifty is a Short Strangle for April series
Sell Nifty 28 April 16300 Put Option (@120)
&
Sell Nifty 28 April 18300 Call Option (@80)
The strategy has approximately 11% profit potential on Margin and provides Loss protection for a fall up to 16100 on the lower side and 18500 on the upside.
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The strategy
- provides good return potential
- factors in different situations,
- gives flexibility to be wrong,
- gives time to adjust trade
- and thereby be in a better position to manage trade
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For more trading ideas like these
Like & Follow
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BankNifty Spot Weekly Outlook For Expiry Week Feb21- Feb25Falcon Analytics Outlook for BankNifty for Expiry the week (Feb 21 – Feb25)
Technically on the daily charts we see minor support on the downside for BankNifty index lies at 36878 levels,
whereas minor resistance on the upside is capped around 38261 levels.
If BankNifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 36451//35760 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 38688/39380 .
Currently BankNifty 50 index is trading above 200 days exponential suggests long term trend is Bullish .
Falcon Analytics predicts range for the week is seen from 35760 on downside and 39380 on upside.
( All Spot Levels)
RESISTANCE 3: 39380
RESISTANCE 2: 38688
RESISTANCE 1: 38261
WEEKLY PIVOT LEVELS: 35750
SUPPORT 1: 36878
SUPPORT 2: 36451
SUPPORT 3: 35760
All above views for education purpose only.
Regards,
MD