I am having data for the period from 12th Jul'13 to 4th Oct'13 and will post the charts from these periods.
12th Jul'13 Index Nifty Close price : 6017.70
We will take the nearest Call & Put Option strike price which is 6000 to trade Intraday on 15th Jul'13 as 13th & 14th being holiday. I prefer to take Ïn the Money Strike Price" and the reason I will explain after posting some charts and trades.
We will watch NIFTY 6000 Put & NIFTY 6000 Call on 15th Jul'13 with 15 min time frame.
NIFTY 6000 Call chart of 15th Jul'13 below
http://i.imgur.com/X6MT9sF.png
In the attached above Intraday Chart of 15min the candle closed above WMA High and conditions are numbered.
(1) The Candle closed above 5WMA High (1st condition satisfied)
(2) The Close price of the candle is Higher than 5WMA High (1st condition confirmation)
(3) CCI reading > 50
(4) The piercing candle not touched both High & Low of 5WMA
We place buy order at High of trigger candle which is Rs.79.00. Buy order triggered and we exit at minimum of 10 points or Rs.500/- which is more than 10% return.
Buy : 3950.00 (Capital employed or Money Invested)
Sell : 4450.00
GP : 500.00 (% of Return 12.60%):thumb:
http://i.imgur.com/KIoiUSe.png
NIFTY 6000 Put Chart of 15th Jul'13 below
No Trading opportunity
Please have a look on the charts and the setup with Entry & Exit and let me have your queries.
Cheers
Karthik