I have been trading nifty for about a year. Like all, I have worked with various models and combination of models like Pivots, Trendlines, Support & resistance levels and statistical models.
It would be prudent to start a discussion on weather Intraday trading in Nifty Futures and/or options does help. In my experience trying to shave 10/20/30 points on nifty everyday seems to be a 50:50 venture. More of statistical gambling than scientific trading (Just my views, please no brickbats )
I am sure there are a lot of Intraday successful traders.
Having said this, IMHO, I have found comforting to be a positional trader. Most models like "Automated Nifty Futures System" or Exponential Moving average or long term trendlines have given a success rate of 70+%.
It would be good if you could share your views on this, going forward I would also like to include in this discussion various strategies and their success rates.
Warm regards,
JustNifty
It would be prudent to start a discussion on weather Intraday trading in Nifty Futures and/or options does help. In my experience trying to shave 10/20/30 points on nifty everyday seems to be a 50:50 venture. More of statistical gambling than scientific trading (Just my views, please no brickbats )
I am sure there are a lot of Intraday successful traders.
Having said this, IMHO, I have found comforting to be a positional trader. Most models like "Automated Nifty Futures System" or Exponential Moving average or long term trendlines have given a success rate of 70+%.
It would be good if you could share your views on this, going forward I would also like to include in this discussion various strategies and their success rates.
Warm regards,
JustNifty