Dear Friends
Don't use the nifty50 buy and sell. Use only the intraday buy and intraday sell only
Here is the Logic
for Buy :
1. Open = Low
2. Open < Previous Close
3. LTP > Yesterday High
4. Stock Price > 20
5. Stock Volume > 50000
for Sell :
1. Open = High
2. Open > Previous Close
3. LTP < Yesterday Low
4. Stock Price > 20
5. Stock Volume > 50000
The above logic will give you only 10 or 15 entries by screening around 3000 stocks.
If you don't get any recommendation, you can very well take out the following
1. Open <> Previous Close for both buy and sell. But be careful you must use the "AND" logic correctly.
You can create your own indicator.
Don't use the nifty50 buy and sell. Use only the intraday buy and intraday sell only
Here is the Logic
for Buy :
1. Open = Low
2. Open < Previous Close
3. LTP > Yesterday High
4. Stock Price > 20
5. Stock Volume > 50000
for Sell :
1. Open = High
2. Open > Previous Close
3. LTP < Yesterday Low
4. Stock Price > 20
5. Stock Volume > 50000
The above logic will give you only 10 or 15 entries by screening around 3000 stocks.
If you don't get any recommendation, you can very well take out the following
1. Open <> Previous Close for both buy and sell. But be careful you must use the "AND" logic correctly.
You can create your own indicator.
For example see charts of SBIN, Can Bank, Bank of Baroda, Reliance Capital, etc
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