Trading becomes interesting with rise in volatility provided you are placed in right direction of the trend.
It takes intense research and analysis before executing trades. If you have time constraint and do not want to apply advanced objective techniques yourself leave it upto the experts who are looking and measuring the pulse of the market on daily basis.
The below shows past few Nifty trading strategies we have given in our daily research report “The Financial Waves Trading Update”
Anticipated the fall since 16th April 2015:
Happened so far:
On 16th April before markets opened following was the trading strategy:
“For today, short positions can be created on move below 8720 with 8770 as stop and target of 8650”
Happened: Nifty moved exactly as expected and touched the intraday low near 8640 levels.
Trading Strategy on 17th April 2015: “For today, short positions can be created on move below 8650 with 8710 as stop and target of 8580. Avoid creating long positions for today.”
Happened: Nifty broke below 8650 and rushed towards the target area.
Trading Strategy on 20th April 2015: “For today, short positions can be created on move below 8590 with 8640 as stop and target of 8520. Avoid creating long positions.”
Happened: Nifty moved exactly as expected and moved even below the target area.
We do not say that the strategy given before the markets might work every time but the accuracy of around 70% to 80% should also suffice to have a profitable P&L on an average basis. A very big trend might. Do not get carried away that it is only buy on dips market probably it is time to evaluate and change the stand!
Subscribe to the daily Equity and Nifty research report and get insights into most objective techniques you might have come across to assist you in your trading and forming suitable strategies. For subscription options visit the “Pricing Page”