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

NIFTY TREND ANALYSIS & LEVELS FOR TODAY

By
Updated for-Jul/12/2013 Nifty was on a bull trend and closed at 5935 level. So today the first resistance for nifty is at 5971-75 level. Next resistance ranges are at 6008-12,6030-35,6047-52,6069-73,6088-92 levels. On downside first support is at 5898-94 level. Next supports are at 5861-56,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region So today on upside intra resistance are at 5975 and 6012 level and on down side support are at 5894 and 5856.Below 5856 be very alert and avoid longs.  Positional Support for NIFTY 5905 5872 5868 5838 5830 5824 5772 5764 and positional Immediate resistance for NIFTY is 5961. Intraday Resistance of NIFTY are 6008.8 : 6069.9 : 6051.2 : 6067.4 Intraday Support of NIFTY are 5861.4 : 5800.3 : 5820.1 : 5804.2
Post a Comment
Read more

Trading Is a Game of Anticipation, Not Reaction

By
Every trader is there in the markets trying hard to earn maximum money . But most traders are only making impulsive moves in entering and exiting the markets out of anxiety or impatience. They try to jump the cart , and take either early entry or late entry.Most traders think that the more number of time they take trades the more they are going to earn . It is not like this . The markets are to be understood properly, like its dynamics. The trader feels how he can use his time spent sitting in the markets to the best use, so he tends to be overactive or over trades. once you get to understand the market dynamics then only take suitable trades and that too when the setup is fully confirmed. This would at least lead to best probability in your trades. In fact there is always more sense in studying the weekly and the daily charts which most of the intraday traders miss to do and they are only starting the day and looking for the buy sell signals haphazardly, and looking for entries. ...
Post a Comment
Read more

Tracking Nifty for the

By
The Indian benchmarks ended on a weak note on March 13, 2013, when they closed near to the low point of the day. There was liquidation of long positions by traders as there was no follow up buying support from institutions. Again conflicting economic indicators is keeping investors on the tenterhooks. Industrial output in January was better than expected at 2.4 percent, but consumer inflation continued to be above 10 percent, underscoring the problems in the economy. Investors also refrained from taking aggressive positions ahead of the Reserve Bank of India's mid-quarter policy review scheduled next week. These led the Sensex to close at the level of 19362.55 i.e. down by 202.37 points and the Nifty to close at the level of 5851.2 i.e. down by 62.90 points. The midcap index and the small-cap index closed in red with the loss of one percentage point and one and a quarter of a percentage point respectively. On the sectoral front, all the indices, excepting one sectoral i...
Post a Comment
Read more