Skip to main content

NIFTY TRADING SYSTEM

By
This is the general conception in share market-whether they are stock traders or nifty traders-keep impression that the movement in the market happens randomly and it cannot be predicted. Nifty’s buy/sell signal is simply out of ability of a common man to get command over.  In fact, this is not true and due to this misunderstanding they are not able to analyse nifty charts live or nifty trading system.
But as a matter of fact, nifty trading system ought to be based on scientific and mathematical principles.  There are some clear formulate and strategies following which one can be overall winner and get a mastery over live buy and sell signals and intraday tips.
What’s the common perception prevails in the market, goes up riding authentic news and get bearish ferociously when some rumours spread in the market .  Even intraday trading tips providers who do not, rather can not, give more than 33 % right tips.  Even the so called experts on TV business programmes are found getting on wrong footings.
In the given situation, what comes handy is Elliot Waves theory specially for trading in nifty futures.  In this system, which was propounded by One Ralph Elliot, in 1930s who first noticed that market exhibits certain repeated patterns.  His primary research was with stock market data for the local market. The whole theory of wave can be classified into two parts:
1.    IMPULSE PATTERN
2.    CORRECTIVE PATTERN


IMPULSE PATERN
As one can see below, this pattern consists of five waves.  The five waves can be in the either direction, up or down.  The first wave is usually weak rally with only a small percentage of the traders participating.  One’s ist wave is over, they sell the market on wave 2.  This pattern completes
when total 5 waves get completed.
 . 
CORRECTIVE PATTERN
Corrective patterns are two namely simple and complex.  For all trading software especially online trading software, these two patterns are required to get mastery for successful trading with nifty

Futures.  As you can see in above pattern.  It also forms the pattern which can be right for analyzing downward pattern of nifty and guessing buy/sell signal for intraday trade or nifty live trading.


Visit Us : www.technotrades.biz

Comments

Post a Comment

Popular posts from this blog

COMMODITY UPDATES 8TH AUG

By
August 8, 2012 News Highlights:  The U.S. API Weekly Crude Stock fell to a seasonally adjusted annual rate of -5.35M, from -11.61M in the preceding month in turn indicating that demand for the fuel in US, world’s largest consumer of crude oil is strong.  Crude oil output from Organization of Petroleum Exporting Countries (OPEC) fell 270,000 barrels per day (bpd) in July to 31.45 million bpd from 31.72 mbpd in June, raising supply concerns in the near future.  The Federal Ministry of Economy and Technology said that German manufacturing orders declined more than expected by 1.7 percent month-on-month in June against expectations of a drop of 0.8 percent which in turn curbed gains in copper by dampening demand outlook for industrial metal.  The European Central Bank is expected to start unlimited buying of stricken member states' bonds to drive down their crippling borrowing costs and shore up its faltering economy which in turn improved demand prospects for copper and c
Post a Comment
Read more

Nifty futures test 5000 mark; Asian indices slide sharply by Venky Vembu May 7, 2012

By
Hong Kong : The blood has barely been wiped off the trading floors after last week’s tumbles on the Indian markets. But already, markets are off to another bloody start to the week. Nifty futures are again sharply down in early trades on Monday, testing the 5000 mark on very weak global cues after election results in  Greece  and France over the weekend, and tepid US employment data on Friday, busted investor sentiment. (More details  here .) Listen to market audio: All across the region, trading boards are awash in red. As at 7.30 am IST, most of the indices are down in excess of 2 percent. Tokyo, returning from a holiday, is down the hardest, playing catch-up with last week’s falls: it’s now down in excess of 2.5 percent. Hong Kong is down about 2 percent, and Sydney about 1.5 percent. Shanghai is faring the best of the lot, down only about 0.2 percent. We’re probably looking at sharp losses when markets open in Mumbai today. Reuters Nifty futures are down nearly 1.5
Post a Comment
Read more

FII AND INDIAN STOCK MARKET

By
In fact, Foreign Institutional Investor ( FII)  is allowed to enter into INDIA only through stock markets either in the form of equity of debt.  Thus it makes an impact on the rise or fall of Sensex or nifty, since FII is allowed to be purchased or sold daily.  The daily transaction of FII is the reason behind the volatility in the stock markets and has strong impact on the various macro-economic variables and the economy as a whole.  The impact of variation in inward or outward flow of FII can be simply exhibited in NIFTY LIVE behavior pattern.  The impact of FII can be best interpreted by explaining the recent behavior of market.  The second half of NIFTY FUTURE February series showed a well deserved consolidation after a long BULL-MARKET.  However, NIFTY FUTURE March series ended up with SENSEX slipping below psychological mark of 18000.  These all epitomizes the immense impact of FII flow in the Indian Stock Market.  Intraday traders do take care of FII activity meticulously. 
Post a Comment
Read more